CARES Act Higher Education
Emergency Relief Fund
The CARES Act Higher Education Emergency Relief
Fund-IHE/Student Aid provides funding to institutions to ease the pressing
financial need of students due to the disruption of campus operations from
coronavirus, (including eligible expenses under a student’s cost of attendance
such as food, housing, course materials, technology, health care, and child
care), pursuant to the authority duly delegated to the Secretary under the
CARES Act and associated with the coronavirus emergency, as stated in
Proclamation 9994 of March 13, 2020, “Declaring a National Emergency Concerning
the Novel Coronavirus Disease (COVID-19).
cannot apply for assistance directly from the U.S. Department of Education but
should contact their institutions for further information and guidance.
order to enable Kehilath Yakov RABBINICAL SEMINARY (KYRS) being an institution
of higher education to provide grants, KYRS was obligated to submit a Recipient's
Funding Certification and Agreement for Emergency Financial Aid Grants to
Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act,
Section 18004(a)(1) of the CARES Act, which authorizes the Secretary of
Education (“Secretary”) to allocate formula grant funds.
1. The Certification and Agreement that
the institution signed and returned to the Department did certify that the
institution has used, or intends to use, no less than 50 percent of the funds
received under Section 18004(a)(1) of the CARES Act for the sole purpose to
provide Emergency Financial Aid Grants to students.
2. The total approved amount of
funds that the institution will receive from the Department pursuant to the
institutions submission of the Certification and Agreement for Emergency Financial
Aid Grants to Students totals to $167,211 to provide emergency financial aid
grants to students.
3. The total amount of Emergency
Financial Aid Grants distributed to students under Section 18004(a)(1) of the
CARES Act as of 12/31/2020 totals $161,750.
4. The estimated total number of
students at the institution eligible to participate in programs under Section
484 in Title IV of the Higher Education Act of 1965 and thus eligible to
receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of
the CARES Act are about 147.
5. The total number of students who
have received an Emergency Financial Aid Grant to students under Section
18004(a)(1) of the CARES Act are 134.
6. Specific methods are used by KYRS
to determine which students receive Emergency Financial Aid Grants and how much
they are eligible to get under Section 18004(a)(1) of the CARES Act. First is
to ensure that students receiving grants meet eligibility to participate in
programs under Section 484 the HEA. Many other factors were utilized to determine how much, such as
expense budgets, total allocation, and total number of eligible students. KYRS
is anticipating to disburse funds of between $750 - $ 2500 per student.
7. Instructions were provided by the
students that the sole and exclusive purpose of providing emergency financial
aid grants are for their expenses related to the disruption of campus
operations due to coronavirus, such as food, housing, course materials,
technology, health care, and child-care expenses.