[Wsssc] FW: [BAC] Dept of Education Information on CARES Act Funding

[Joe Holliday]

WSSSC: see below an attached, FYI. Went to BAC.

                             [Joe]
[Compass]
Joe Holliday
Director, Student Services
Washington State Board for Community and Technical Colleges
jholliday at sbctc.edu<mailto:jholliday at sbctc.edu>* o: 360-704-4334 * f: 360-704-4418
sbctc.edu<https://www.sbctc.edu/> * Twitter: @SBCTCWashington<https://twitter.com/SBCTCWashington> * Facebook: @WASBCTC<https://www.facebook.com/wasbctc/>

SBCTC Vision:

"Leading with racial equity, our colleges maximize student potential and transform lives within a culture of belonging that advances racial, social, and economic justice in service to our diverse communities."


From: Carli Schiffner <cschiffner at sbctc.edu>
Sent: Thursday, April 9, 2020 3:29 PM
To: Joe Holliday <jholliday at sbctc.edu>
Subject: FW: [BAC] Dept of Education Information on CARES Act Funding
Importance: High

Maybe send to WSSSC?

From: Cherie Berthon <cberthon at sbctc.edu<mailto:cberthon at sbctc.edu>>
Sent: Thursday, April 9, 2020 3:02 PM
To: Carli Schiffner <cschiffner at sbctc.edu<mailto:cschiffner at sbctc.edu>>
Subject: FW: [BAC] Dept of Education Information on CARES Act Funding
Importance: High

FYI...

From: BAC <bac-bounces at lists.ctc.edu<mailto:bac-bounces at lists.ctc.edu>> On Behalf Of Cherie Berthon via BAC
Sent: Thursday, April 9, 2020 2:57 PM
To: bac at lists.ctc.edu<mailto:bac at lists.ctc.edu>
Subject: [BAC] Dept of Education Information on CARES Act Funding
Importance: High

Business Officers,

This information just went to presidents.  I'm attaching a spreadsheet that compares the ACE estimates from last week to the allocations posted by the Department today.  Please review all of the links below as they all provide important information about how to access the emergency student aid funds.



Good Afternoon,

The Department of Education has just posted updated CARES Act guidance<https://www2.ed.gov/about/offices/list/ope/caresact.html> on it's website.  The Department issued guidance needed for colleges to access the Student Emergency Aid Funding. This is 50% of the total amount that will be granted to colleges. The guidance is very clear, the Student Emergency Aid funds must be provided as grants directly to students. Some additional points:


  *   Signed certification that the college is following law.  If this certification is signed and submitted within the next few days through DOE's Grant portal, funds should be received by Wednesday April 15.  After that it will take 24 to 72 hours to process certifications and provide funds.
  *   Law is broad.  No need analysis required.  Colleges should have broad flexibility to distribute funds to students as you see fit.
  *   Colleges are not allowed to reimburse themselves with these funds for previous expenditures to help students.
  *   Reporting requirements are included in the certification.  Colleges will submit reports the DOE Grant portal.
  *   Have one year to spend funds from receipt.  Can spend on current students or future students.
  *   No limitations on students identified.

Elements of the guidance published today include:
Letter from the Secretary

CARES Act grant funding cover letter: PDF<https://www2.ed.gov/about/offices/list/ope/caresactgrantfundingcoverletterfinal.pdf> (138K)

A Certificate of Agreement

CARES HEERF Certification and Agreement: PDF<https://www2.ed.gov/about/offices/list/ope/caresheerfcertificationandagreementfinalombapprovedforissuance.pdf> (141K)

Formula allocations

Allocations for Section 18004(a)(1) of CARES Act: PDF<https://www2.ed.gov/about/offices/list/ope/allocationsforsection18004a1ofcaresact.pdf> (1.28M)

Methodology for Calculating Allocations: PDF<https://www2.ed.gov/about/offices/list/ope/heerf90percentformulaallocationexplanation.pdf> (138K)

In their announcement earlier today, the Department of Education said they would provide guidance on the remaining 50% for institutions of higher education in two weeks. We will discuss this during tomorrow's 8:00 call.




[Title: SBCTC logo - Description: Compass]Cherie Berthon, MPA
Operating Budget Director
Washington State Board for Community and Technical Colleges
cberthon at sbctc.edu<mailto:cberthon at sbctc.edu> * 360-704-1023 office * 360-339-2888 cell

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