Higher Education Emergency Relief Fund Reporting (CARES Act)
Ozarks Technical Community College Higher Education Emergency Relief Fund Reporting
FINAL REPORT: DECEMBER 31, 2020
This document provides the necessary information to comply with Section 18004(e) of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act” (or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281.
Reporting date: December 31, 2020
- Institution has signed and returned to the Department of Education the Certification and Agreement document under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- The total amount of funds that the institution will receive from the Department for Emergency Financial Aid Grants to Students is $3,975,331.
- As of December 31, 2020, the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act is $3,975,331.
- The estimated total number of students at the institution 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 is 5,334.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 5,273. This represents the total number of unique students who have received funding from the CARES Act. In some instances, multiple disbursements were issued.
- The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
The Ozarks Technical Community College CARES Act grant provided an additional emergency grant of $534 to each Title IV eligible Pell student and $303 to each Title IV eligible non-Pell student enrolled in the fall term to be used as needed by the student. (This was a 75% – 25% distribution of Pell-eligible to non-Pell eligible.) Student eligibility was vetted through the college’s Financial Aid office.
Additionally, disbursements for critical emergency needs as a result of the coronavirus disruption are ongoing through the college’s institutional CARES Act grant funds. These emergency grants are awarded through an application process to students who meet eligibility requirements.
- Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
On October 23, 2020, eligible students received an email regarding the distribution.
The communications are posted below.