CRRSAA Notice and Update
Saturday, July 10, 2021
In our recent notice dated July 9, 2021, we updated you on our current status related to the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law on Dec. 27, 2020 and authorizes funding support for higher education (and other agencies). This is an update to the July 9, 2021 notice. Noted below are details of HBU’s allocated funding related to the CRRSAA funding and process for disbursement of funding for the second quarter of 2021:
- HBU has signed, acknowledged, and returned to the Department of Education the required Certification and Agreement CARES Act which also applies CRRSAA, which states that the institution plans to use no less than $1,307,802 of funding to provide Emergency Financial Aid Grants to students. A sample copy of this certification and more information regarding the HEERF funding can be found via the following links:
- The HEERF II funds were awarded by the Department of Education to HBU, with a total allocation amount equal to $4,386,077. Of the $4,386,077, only $3,078,275 was allocated to costs incurred by the institution and $1,307,802 was allocated for direct student aid. The total amount was made available to HBU on January 17, 2021.
- As of June 30, 2021, HBU has expensed $263,649 related to HEERF institutional funding. (See Quarterly Budget and Expenditure Reporting PDF for details.)
- As of June 30, 2021, HBU has distributed $1,307,802 of direct student aid.
- The allocation of direct student aid was evenly distributed to approximately 1,022 students as a grant using a paper check or as a direct deposit into their bank account if HBU has direct deposit instructions on file for the student. The higher education relief fund provides funds for enrolled students to be used to cover expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care, and childcare). The criteria for distribution was based on the lowest Expected Family Contribution (EFC under $10,000) levels with the highest amount of unmet need (in excess of $3,000) as of the spring 2021 term.
- The amount was divided equally among all of the eligible students that met the criteria. Each student received $1,280.
- There are approximately 3,964 eligible students to receive emergency financial aid grants under CRRSAA.
As more information becomes available, this page will be updated accordingly.
“And this I pray, that your love may abound still more and more in real knowledge and all discernment, so that you may distinguish the things that are excellent, in order to be sincere and blameless until the day of Christ.” Philippians in 1:9-10