CARES Act Higher Education Emergency Relief Fund
CARES Act ’30 Day Fund Report’
Each institution applying for HEERF funds is directed to comply with Section 18004(e) of the CARES Act and submit an initial report (the ’30 day Fund Report’) to the Secretary thirty (30) days from the date of the institution’s Certification and Agreement to the Department. The ’30-Day Fund Report’ is as follows:
- Eden Theological Seminary signed and returned to the Department the Certification and Agreement on April 9, 2020. The Seminary 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.
- The Seminary received $15,567 on April 29, 2020 and $49,408 on August 12, 2021 from the Department pursuant to the institution’s Certification and Agreement Emergency Financial Aid Grants to Students. This included $32,487.50 in 18004(a)(1) Student Portion funds and $32,487.50 in 18004(a)(1) Institutional Portion funds.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of July 10, 2022 was $64,975. While Eden Theological Seminary was only required to distribute $32,487.50 in 18004(a)(1) Student Portion funds directly to students, the Seminary opted to distribute the $32,487.50 in 18004(a)(1) Institutional Portion funds to students as well.
- 58 students enrolled in the 2019-2020 Spring semester filed a FAFSA and were 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.
- As of July 10, 2022, 30 students have received Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
- The Seminary identified two groups of student need. The first group of students who have self-identified as having need. The second group are students for whom need was identified on the basis of their student accounts. All students are Title IV qualified students. We have put a maximum of $1000 per student and a maximum of $1200 per household.