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Cares Act


May 19th, 2020

Taylor Andrews Academy (OPE ID: 04173200) received education stabilization funds under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Public Law No: 116-136. This Fund Report applies to the student portion received under the Higher Education Emergency Relief Fund that is designated exclusively for emergency financial aid grants to students.   

The institution appreciates that Congress and the President have made these critical funds available for eligible students who have expenses related to the disruption of campus operations due to the coronavirus pandemic. We take receipt of these federal funds seriously and are distributing them in accordance with the CARES Act and implementing guidance.   

The institution is making the below information available for transparency purposes and in compliance with the U.S. Department of Education’s Electronic Announcement.  For questions or concerns regarding this Fund Report, please contact Sabrina Deimler, Corporate Director, at [email protected]

 

  1. The institution signed and returned to the Department the Certification and Agreement [or Emergency Financial Aid Grants to Students on May 20th, 2020. 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.

 

  1. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $383,197.00, with the portion of Emergency Financial Aid Grants available to Students being $191,599.00.

 

  1. The total amount of emergency financial aid grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is $107,361.15  

 

  1. 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 under Section 18004(a)(1) of the CARES Act, as of the date of this Fund Report is 304

 

  1. The total number of students who have received an emergency financial aid grant under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is 195

 

  1. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
    1. Policies on Determining Eligibility:
      1. Eligibility for Title IV aid in accordance with Section 484 of the Higher Education Act (HEA) including but not limited to having a valid Federal Application for Student Aid (FAFSA) on file, the student being an eligible citizen or eligible non-citizen, having a valid social security number, federal aid history in good standing, valid proof of high school completion, satisfactory academic progress requirements are met in accordance with continuing eligibility for Title IV aid
      2. Students who are actively enrolled beginning May 19, 2020, when the school was awarded.
      3. 348 Grants will be available in the amount of $550.57. These will be awarded to those who qualify on a first come first serve basis.  
      4. Has completed 100 hours within their current program of study, or for those who have not completed 100 hours, waive the right to cancel their enrollment during the first 100 hours once grant disbursements have been approved or received
      5. Students who are actively participating within their current program of study, or those who are currently on an approved Leave of Absence due to COVID-19 and would be able to return to active program participation upon Grant assistance approval
  1. Policies on Determining Distribution:
      1. Under USDE guidelines, students seeking to obtain an emergency financial aid grant will submit the Emergency Financial Aid Grants to Students form to the Financial Aid office.
      2. Only one form will be considered per student
      3. Only one grant awarded per student
      4. Review and processing of forms to be completed by the Financial Aid Director daily to verify student identity, contact information, eligibility for grant monies.
      5. Any student awarded a grant will receive an award letter to review and sign indicating award amount and advisement that funds are to be used for eligible expenses related to cost of attendance and the disruption of campus operations
      6. Any student who has applied and is denied grant funds due to ineligibility will receive notification of their ineligible status

 

  1. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
    1. Eligible students will receive an message from the Institution Taylor Andrews App containing directions on how to apply for the Emergency Financial Aid Grants to Students under the Coronavirus AID, Relief, and Economic Security (CARES) Act.  Please make sure Taylor Andrews Academy has your most recent information updated on file. For those students who wish to receive notice via paper copy, please reach out to our Financial Aid Director and request a mailed copy of the application. 
    2. Eligible students are those defined as:
      1. Students who are actively enrolled beginning May 19, 2020
      2. Determined to be eligible for Title IV aid, even if a FAFSA has not been completed for the current award year
      3. Those who are currently attending class in their program of study or have suspended act of participation as a result of COVID-19 who would be able to return with that assistance
      4. Has completed 100 hours within their current program of study, or for those who have not completed 100 hours, waive the right to cancel their enrollment during the first 100 hours once grant disbursements have been approved or received

(last updated: July 4th, 2020)

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