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CARES Act Emergency Relief Fund

Higher Education Emergency Relief Fund (HEERF) Student Portion

Allocation American Academy of Acupuncture and Oriental Medicine – June 16, 2020

Last Review Date – September 17, 2020

  1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or 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.

American Academy of Acupuncture and Oriental Medicine acknowledges that the College has signed and returned to the Department of Education the Certification and Agreement for CARES HEERF Emergency Financial Aid Grants. Additionally, American Academy of Acupuncture and Oriental Medicine intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

  1. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

American Academy of Acupuncture and Oriental Medicine received $10,766 for Emergency Financial Aid Grants to Students.

  1. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (of the latest report available).

American Academy of Acupuncture and Oriental Medicine is disbursing $10,766 for Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act.

  1. The estimated total number of students at the institution who are or could be 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.

American Academy of Acupuncture and Oriental Medicine determined there were thirty-three (33) eligible students under Section 484 in Title IV of the Higher Education Act of 1965.

  1. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

Thirty-three (33) students will receive an Emergency Financial Aid Grant from CARES HEERF funds.

  1. 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.

American Academy of Acupuncture and Oriental Medicine determined that the HEERF Emergency Financial Aid Grant funds would be distributed to Title IV eligible, program-active and/or degree-seeking students based on current enrollment as of March 27, 2020, when American Academy of Acupuncture and Oriental Medicine’s normal operations were interrupted by COVID-19. American Academy of Acupuncture and Oriental Medicine weighted three categories of students

depending on the defined categorical status based on number of enrolled credits in Spring 2020. Only students eligible to receive Title IV aid are included in groups below. The following groups were delineated:

  • Full-Time (15 credits above) Direct Loan Students : $375.00
  • Three Quarter-Time (13-14 credits) Direct Students: $325.00
  • Half-Time (12 credits) Direct Loan Students: $300.00
  1. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

A letter accompanied the check that was mailed to students indicating the following:

You have been identified as a spring 2020 emergency relief recipient from Higher Education Emergency Relief Fund (HEERF) created by Coronavirus Aid, Relief and Economic Security (CARES) act.

The HEERF fund provided money to institutions for emergency financial aid grants to college students whose lives have been disrupted by the COVID-19 pandemic, many of whom are facing financial challenges and struggling to make ends meet. The emergency funds must be used to cover expenses such as food, housing, course materials, technology, health care, and childcare.

By endorsing the enclosed check, you are acknowledging you will use the funds to cover the allowable expenditures listed above. Students who receive funding from their institutions are not required to record or track how it is spent.

 

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