Higher Education Emergency Relief Fund Reporting-Emergency Financial Aid Grants to Students (due to Covid-19)
Fort Worth Beauty School has signed and returned to the Department of Education the Certification and Agreement, and intends to use no less than 50% of the funds received to provide Emergency Financial Aid Grants to Students. Fort Worth Beauty School has received $92,287 for Emergency Financial Aid Grants to Students. The full amount will be distributed to approximately 56 students within 30 days of the date we received the funds. Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive emergency financial aid grants. If a student has filed a Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 the HEA. Students who have not filed a FAFSA but who are eligible to file a FAFSA also may receive emergency financial aid grants. The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship or eligible noncitizen; a valid Social Security number; registration with Selective Service (if the student is male); and a high school diploma, GED, or completion of high school in an approved homeschool setting.
Our method of determining who and how much funds would be disbursed among our students is as follows. Of the total eligible students 82% of those have 0 EFC. Therefore 82% of the funds were disbursed equally to those students. The remaining eligible students with EFC’s up to 4800 was 60% of the total remaining balance. That % was then equally divided. The remainder amount was divided equally by the remaining students.
One June 1, 2020 $92, 287 was disbursed to 55 students. A letter was given to the students with details concerning the CARES Act and frequently asked questions from that website. The letter contained specifically that these funds were a grant due to COVID-19 CARES Act and did not have to be repaid.