HEERF Quarterly Budget and Expenditure Public Posting – 10.30.20

CARES ACT 3RD QUARTER 2020 REPORTING

August 2020

The Institution’s Certification and Agreement directs each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act and submit an initial report (the “30-day Fund Report”) to the Secretary of Education thirty (30) days from the date the Institution received its allocation under 18004(a)(1), and every 45 days thereafter. In accordance with ED’s guidance, the following information has been uploaded to Louisiana College’s (LC) website.

Reporting Requirements:

1. The opening paragraph of LC’s “CARES Act Reporting” page provides LC’s acknowledgement that the institution signed and returned to ED the Certification and Agreement and the assurance 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 to provide Emergency Financial Aid Grants to students.

2. As indicated on the signed Certification and Agreement link provided in the opening paragraph of LC’s “CARES Act Reporting” page, LC received $573,753 to be utilized for Emergency Financial Aid Grants to students.

3. As of the 45-Day Fund Report, LC has distributed $379,375 in Emergency Financial Aid Grants to eligible students.

4. As of the 45-Day Fund Report, LC estimates a total of 955 students are 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.

5. As of the 45-Day Fund Report, 430 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

6. In accordance with ED’s guidance, eligible LC students who were enrolled 2019-2020 Spring will be issued a grant for the cost and disruption of their in-seat course(s) transitioning to an online platform. The Department of Education indicates students who filed or who are eligible to file a FAFSA may receive emergency financial aid grants, if they were otherwise eligible for Title IV funding. However, students who were enrolled exclusively in online courses for 2019-2020 Spring are not eligible for emergency financial aid grants. All Title IV eligible students (Graduate & Undergraduate) enrolled at least half-time who submitted an application for the CARES Act Student Emergency Grant by the published deadline of May 11, 2020 were awarded a base award with incremental increases based upon financial need as indicated by Pell eligibility or EFC.

7. Instructions, directions or guidance provided by the institution to students concerning the Emergency Financial Aid Grants are as follows:

1st Communication: 4-30-2020

Dear Students,

Sending along this message tonight regarding the CARES ACT which includes grants for full time students for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, health care, and child-care expenses. If you have sustained expenses in one or more of these categories, you may be eligible for assistance. Students who were 100% online prior to March 13 are ineligible to receive assistance (Federal Government requirement).

To expedite this process please reply via email to CARES20@lacollege.edu by May 6 acknowledging that you have incurred such additional expenses. Please note this email address will be operational by 10am tomorrow (Friday, May 1).

Please understand this has been front of mind for me and my Leadership Team for several weeks as we have worked with the US Department of Education to gain accurate information. This situation has been fluid as the Federal Government has continued to provide additional guidance week by week. In the coming days I will be sending you a different email regarding room and board refunds for full time residential student this Spring semester. Know I am praying for you to Finish Strong this Semester!

RICK BREWER, PhD, MBA
President & CEO
Professor of Management
Louisiana College
318-487-7400

2nd Communication: 5-7-2020

Dear Students,

More good news! Please read the following information carefully and follow directions accordingly. As part of the recently passed CARES Act, the Higher Education Emergency Relief Fund (HEERF) provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted by the coronavirus pandemic. The funds are to be used to cover additional expenses resulting from 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).

At this time, it has not been decided if these grants will be considered tax-free so please be aware of the possibility that the funds may be taxable to you. Students must be eligible to participate in Title IV Federal Financial Aid programs in order to qualify for the emergency grant funds. Additionally, students who were enrolled exclusively in an online program on March 13, 2020, the date of the President’s declaration of national emergency due to the COVID-19 outbreak, are not eligible. If you have had additional expenses that meet the criteria above, you may apply for the student grant through the MyLC portal. Once you log in, click on the “CARES” tab and complete the simple application.

The deadline to apply for funding is Monday, May 11, 2020. The Financial Aid Office will process the applications to determine eligibility and award amounts in the order they are received. Please allow at least 48 hours after submission of your application before inquiring about the status. Our goal is to distribute this money to our students as quickly as possible via direct deposit. PLEASE NOTE: You must provide your banking information for direct deposit. If you have not already signed up for direct deposit, do so by logging into the MyLC portal, click on the “Direct Deposit Info” tab, complete and submit the direct deposit form. I am grateful for this opportunity to help relieve some of the burden caused by these unusual times.

RICK BREWER, PhD, MBA
President & CEO
Professor of Management
Louisiana College
318-487-7400

3rd Communication: 5-19-2020

Subject: CARES Act Student Emergency Grant

Your application for the CARES Act Student Emergency Grant has been processed and a grant has been awarded to you. You should have your funds in your bank account in the morning if you signed up for direct deposit. Otherwise a paper check will be mailed tomorrow.

Thank you,
Louisiana College Business Office

CARES Act 30 Day Report May 2020

CARES Act 45 Day Report July 2020