CARES ACT, HEERF II, HEERF III GRANT DISCLOSURES.

CARES Act Disclosure as of August 1, 2020

Officials representing Top of the Line Barber College (TOTLBC) reviewed, signed, and returned the certification and agreement form noting that RU has used, or intends to use the funds to provide the mandated amount of at least 50% of the emergency CARES Act grants to students. TOTLBC signed and submitted the U.S. Department of Education (ED) Certification and Agreement for Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 16, 2020. ED provided TOTLBC with an electronically signed Grant Award Notification (GAN) on April 25, 2020.

 

To qualify for CARES Act funding, a student must meet specific criteria in accordance with US Department of Education guidelines. The preliminary criteria includes:

•Title IV eligible as determined by the FAFSA.

•Meeting Satisfactory Academic Progress (SAP) standards as determined by school policy.

•Not in default or owe an overpayment to any Title IV Federal Student Aid programs.

•Not enrolled in 100% Online courses prior to March 13, 2020.

•Experienced a financial hardship related to the Covid-19 pandemic.

How much funding has Top of the Line Barber College received?
Top of the Line Barber College has received $23,693 in CARES Act funding under the HEERF student portion. Of those funds, the $23,693 has been distributed to students as of August 1, 2020.

How many students meet the preliminary criteria?
35 students are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and therefore eligible to receive an emergency financial aid grant as of August 1, 2020. 38 students have received an emergency CARES Act grant as of August 1, 2020. 38 students were active on the roster when the CARES Act funds were disbursed and were determined to be eligible for an emergency grant. The funds were disbursed between May 15, 2020 and May 31, 2020.

How will funding be distributed?
CARES Act emergency grants will be distributed to every eligible student in the amount of $623.50. All eligible students will receive an equal allotment of the available funds instead of varying amounts based on a student's EFC as determined by the FAFSA.

Are there any additional instructions?
No. School officials will distribute the funds via paper checks; students will be informed that all checks must be retrieved from the school's Business Office. The business manager will contact each student individually to personally distribute checks.

CARES Act, HEERF II, HEERF III Disclosures

CARES Act Institutional Disclosures