CARES Act Higher Education Emergency Relief Fund

OPEID: 03452300

Frequently Asked Questions and Answers

1.  Q. Has the institution signed and returned to the Department the Certification and Agreement?

    On May 13, 2020: The Colegio Educativo Tecnológico Industrial (CETI College), Inc., signed and returned to the Department the            Certification and Agreement; has used, 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.  Q. The total amount of funds that the institution will receive or has received from the Department?

 

    The Colegio Educativo Tecnológico Industrial (CETI College), Inc., reported that today it received the first half of the funds from

    the "Emergency financial aid grants for students under the Coronavirus Aid, Relief and Economic Security Act" (CARES Act)

    equivalent to $138,087.00, received from the Department pursuant to the institution’s Certification and Agreement for

    Emergency Financial Aid Grants to Students.  As reported, these funds are used for financial aid to eligible students of the

    Colegio Educativo Tecnológico Industrial (CETI College), Inc.

3.  Q. Has the total amount of Emergency Financial Aid Grants distributed to students?

 

    "Starting tomorrow, May 15, 2020, the Institution's Office of Economic Assistance and Collections will begin disbursements by

    direct payment and checks to all eligible students," said Nilsa López Rivera, president of the Colegio Educativo Tecnológico

    Industrial (CETI College), Inc., under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report

    and every 45 days thereafter).

 

4.  Q. The estimated total number of students at the institution who are or could be eligible to participate?

 

    The estimated number of students at the institution eligible to participate in the Federal student financial aid programs under   

    Section 484 of the Higher Education Act of 1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants to

    students under Section 18004(a)(1) of the CARES Act, were approximate 48 students and awarded an amount ranging from $2,000

    – $4,300.00.

  

5.  Q. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants under Section

     18004(a)(1) of the CARES Act?

 

    The amount to each eligible student was determined based on the Expected Family Contribution, EFC, income information     

    reported on the 2019-2020 FAFSA, and the student's enrollment status (full-time or partial).  The United States Department of

    Education (USDE) established the requirements for the distribution of these funds. Eligible students had to be enrolled in a face-

    to-face course prior to the emergency, have expenses related to the disruption of operations, have a completed FAFSA

    application, and remain enrolled at the time of distribution of funds.

    Students who have not yet completed the FAFSA should contact their campus Financial Aid Office to complete this requirement. 

 

For additional information you can contact us at 787-879-3300.

  • Q. What is the CARES Act/HEERF?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is federal legislation which provides a variety of financial support to individuals and businesses affected by the COVID-19 pandemic. The CARES Act established and funded the Higher Education Emergency Relief Fund (HEERF) to provide emergency funding to higher education institutions.  

A portion of each institution’s allocation must be awarded to students in the form of emergency financial aid grants (“CARES Act emergency grants”) for expenses related to the disruption of campus operations due to the COVID-19 crisis.  Students who meet eligibility requirements as set forth by the Department of Education and who demonstrate the greatest need may receive assistance from this fund.

 

  • Q. Who is eligible to be considered for a CARES Act emergency grant?

CETI College acknowledged, signed and returned to the Department of Education the Certification and Agreement and the assurance that the Institution has used no less than 50% allocated for Emergency Financial Aid Grants to Students under Coronavirus Aid, Relief, and Economic Security (CARES) Act.

On April 21, 2020, the U.S. Department of Education released guidance on student eligibility and allowable uses of CARES Act emergency grants.  Per that guidance, students must meet Title IV eligibility requirements in order to receive a CARES Act emergency grant.  As a result, all applicants must have a 2019-20 FASFA on file with the MDC Office of Financial Aid, and meet Title IV eligibility criteria (see Q&A below). If you are eligible to file a FAFSA but have not yet filed and need assistance, please file a FAFSA at studentaid.gov.

Unfortunately, the Department’s guidance means that ineligible students include, but are not limited to, dual enrollee, international, DACA, non-credit and non-degree seeking student, as well as students not meeting financial aid standards of academic progress. The U.S. Department of Education has also stated that those students who were enrolled in 100% online programs as of March 13, 2020 are not eligible to receive CARES Act funds.

 

  • Q. What is the Title IV eligibility criteria?

Section 484 of the HEA states that Title IV eligible students must:

  1. Be enrolled or accepted for enrollment in a degree or certificate program.

  2. Not be enrolled in elementary or secondary school.

  3. For currently enrolled students, be making satisfactory academic progress.

  4. Not owe an overpayment on Title IV grants or loans.

  5. Not be in default on a Title IV loan.

  6. File “as part of the original financial aid application process” a certification that includes: a statement of educational purpose and student’s SSN.

  7. Be a U.S. citizen or national, permanent resident, or other eligible noncitizen.

  8. Have returned fraudulently obtained Title IV funds if convicted of or pled guilty or no contest to charges.

  9. Not have fraudulently received Title IV loans in excess of annual or aggregate limits.

  10. Have repaid Title IV loan amounts in excess of annual or aggregate limits if obtained inadvertently.

  11. Have Selective Service registration verified?

  12. Have Social Security Number verified?

  13. Not have a federal or state conviction for drug possession or sale, with certain time limitations.

  • Q. What are eligible expenses for a CARES Act emergency grant?

Eligible expenses are those expenses related to the disruption of campus operations due to Covid-19 (including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, healthcare, and child-care expenses). Applicants are required to confirm that they incurred eligible expenses related to the disruption of campus operations due to COVID-19.

 

  • Q. How much will each eligible student receive as a CARES Act emergency grant?

Under the U.S. Department of Education guidance, eligible students (with eligible expenses) who demonstrate the greatest need will be prioritized to receive assistance through the CARES Act emergency grants.  These funds are limited, are not guaranteed, and requests may not be granted. MDC will process the applications in the order in which they are received.

 

 

  • Q. If I received a CARES Act emergency grant, is this grant includible in my gross income?

The Internal Revenue Services has issued the following guidance: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act

 

  • Q. How will funds be released?

Funds will be released based on your previously selected Financial Aid disbursement method. 

 

  • Q. If I receive CARES Act emergency grant and have an outstanding balance, will the funds be applied to those charges?

No. Balances owed on student accounts will not be deducted from the CARES Act emergency grant funds.  Any balance on the account is still the responsibility of the student.

 

  • Q. If I receive a CARES Act emergency grant, is it considered financial aid?

No, CARES Act emergency grants are not considered financial aid awarded to you and will not affect your financial aid cost of attendance.

 

  • Q. Will CARES Act emergency grants be available for the 2020-21 fall semester?

CETI College has utilized all funds granted under CARES Act.  If additional funds are granted, CETI College hopes to provide CARES funding for fall semester to continuing and new students, based upon the same eligibility requirements, and demonstrated need. But there is no guarantee that additional funds will be available.

All information provided is subject to change pending additional guidance/clarification from the Department of Education.

Dirección:

#68 Calle Puro Girau,  Arecibo (Centro)

Llámenos:
Tel: 787-879-3300

© 2020 CETI COLLEGE DERECHOS RESERVADOS

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