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Midwestern University will again earmark 100% of an estimated $2.8 million in Higher Education Emergency Relief Funds (HEERF) apportioned to the University by recently-passed Federal legislation to support the nearly 7,000 healthcare professions students enrolled at its campuses in Downers Grove, Illinois, and Glendale, Arizona.
Under the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, passed by Congress and signed into law on December 27th, 2020, qualifying educational institutions are required to spend at least the same dollar amount on student grants as determined in the CARES Act. This program has been designated the Higher Education Emergency Relief Funds II (HEERF II). The relief funds are to be disbursed to students in the form of cash grants for any component of their cost of attendance and emergency costs that arise due to coronavirus. The remaining funds may be used by the institution to offset additional costs related to COVID-19. However,
HEERF Audit Guide For Proprietary Schools Released - Accounting and Audit mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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On March 31, the Department of Education’s Office of Inspector General (ED OIG) issued the Guide for Compliance Attestations Engagements for Proprietary Schools Expending Higher Education Emergency Relief Fund Grants (Guide) which will govern how for-profit institutions are evaluated for compliance in their treatment of Higher Education Emergency Relief Fund (HEERF) moneys received under the Coronavirus Aid, Relief and Economic Security Act (CARES), the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) and the American Rescue Plan (ARP).
The Guide is effective immediately for the first fiscal year during which a school has expended HEERF funds, which for most institutions will be any fiscal year starting after April 1, 2020. Any proprietary school that expended more than $500,000 in HEERF funds during the fiscal year, or expended HEERF funds in any amount while also on HCM1 or HCM2 status, will be
Updated: 6:32 PM EDT April 7, 2021
CHARLOTTE, N.C. Hundreds of millions of dollars in CARES Act money continues to help colleges in the Carolinas expand virtual learning and put critical money in students pockets to cover tuition, food, and housing, but a WCNC Charlotte investigation found little-known trade schools with few students disproportionately benefited from the first round of funding. Federal records show a Chinese school of medicine, religious colleges, and a school of cosmetology received the most per student while community colleges collected the least. You have these very small colleges that serve a small proportion of students and in most cases, a very small portion of low-income students, that received a significant share of funding when that funding could have been better distributed to colleges that really needed it, Center for American Progress Postsecondary Team Managing Director Antoinette Flores said. Community colleges received a much s
For Higher Ed, Stimulus Relief Offers Flexible Spending governing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governing.com Daily Mail and Mail on Sunday newspapers.