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CARES Act Higher Education Emergency Relief Fund Information

Qualification Based on Enrollment from March 2020-May 2020

What is the CARES Act?

The CARES Act is federal legislation which provides a variety of financial support to individuals and businesses affected by the COVID-19 pandemic. The CARES Act established and funded the Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants. One part of this federal program allocates money to Lively Technical College, and a portion of that allocation can be awarded to students who are experiencing expenses due to the corona virus.

These funds were available to students for emergency financial aid or grants to students to cover basic needs such as “food, housing, course materials, technology, health care, and child care.” Student eligibility was determined according to strict guidance from the United States Department of Education. Available funds varied based on part-time or full-time status and financial need. 

Lively Technical College

Student Aid: Distribution 1 (Spring 2020)

LTC has signed and returned to the Department the Certification and Agreement and the assurance that LTC 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. LTC has received a total allocation of $942,497.00. Of the total allocation, $471,249.00 was used for Emergency Financial Aid Grants to Students. LTC anticipated approximately 650 students to be 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.

On April 13, LTC signed and returned to ED the Certification and Agreement (for) Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In doing so, LTC provided ED the assurance that LTC 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.

On April 28, LTC received $471,249.00 from ED pursuant to LTC Certification and Agreement (for) Emergency Financial Aid Grants to Students.

On May 5, LTC published information about the CARES Emergency Financial Aid Grants on its public website and in the student FOCUS portal. On May 22, 2020 LTC began accepting requests for this assistance from students.

As of June 29, LTC has distributed $471,744.96 of the Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. LTC provided students with notice of award status and choice of picking up or having checks mailed. For students choosing to pick up their award, checks were available for student pick up on June 16, 17th and 18th. All checks not picked up were  mailed to students.

Student Aid: Distribution 2 (Spring 2021)

On January 16, 2021, LTC received $471,249.00 from ED pursuant to LTC Certification and Agreement (for) Emergency Financial Aid Grants to Students in accordance with the Coronavirus Response and Relief Supplemental Appropriations Act. LTC received an additional $1,564,137.00 on May 13, 2021 in accordance with the American Rescue Plan.

LTC will allocated Emergency Financial Aid Grants to all students enrolled in the Spring 2021 term who qualified. This funding is intended to address the pressing financial needs of students due to the disruption of campus operations from COVID-19. Funds should be used for technology and technology-related needs, food, housing, course materials, healthcare, childcare, and other student-related costs. Clearly, the health and safety of our students come first and therefore, these funds should be used by students in accordance with their self-described priorities related to the COVID-19 disruption.

As of June 30, 2021 LTC has distributed $942,498 of the Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. LTC provided students with notice of award status and choice of picking up or having checks mailed. For students choosing to pick up their award, checks were available for student pick up. All checks not picked up were mailed to students.

As of June 30, 2021, 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 1413.

REPORTING:

Lively-Technical-College-30-Day-Fund-Report 6.29.20

CARES ACT Updated-Letter-9.3.2020-1

CARES ACT Quarterly Report 6.30.20

CARES ACT Quarterly Report 6.30.20 AMENDED

CARES ACT Quarterly Report 9.30.20

CARES ACT Quarterly Report 9.30.20 AMENDED

CARES ACT Quarterly Report 12.31.2020

CARES ACT Quarterly Report 12.31.2020 AMENDED

CARES ACT Quarterly Report 04.06.2021

Lively-Technical-College-30-Day-Fund-Report-6.30.21

CARES ACT Quarterly Report 07.09.2021

CARES ACT Quarterly Report 10.06.2021

(Last updated: 10/26/2021)

Who is eligible for the Federal CARES Act Emergency Grant?

Students who met basic eligibility criteria for federal financial aid and who had the greatest financial need were considered for these funds.

  • Must be enrolled in the semester for which the student is requesting aid.
  • Enrollment was impacted by COVID-19 and have expenses incurred for housing, food, course materials, technology, healthcare, or childcare.

What does the CARES Funding cover?

This could apply to a variety of financial costs directly tied to the effects of an emergency situation that is straining Lively Technical College students. This could include money spent for unanticipated travel, replacement of medications, emergency child care due to extended school closures, additional technology requirements, etc.

Frequently Asked Questions

Do I have to repay a dollars from the CARES Federal Emergency Aid Grant?
No, money received through this fund does not need to be repaid. This fund does not impact nor replace any financial aid you may currently receive, and it is a one-time grant.

Would this funding reduce my financial aid?
No, this fund does not negate nor replace financial aid, and it is a one-time grant.

How much money is available for each applicant?
Amounts vary based on enrollment status.

Do I need to report financial aid or grants on my federal tax return?
The IRS issued FAQs on the Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act that clarifies that CARES Act aid should be treated as a “qualified disaster relief payment” and not be treated as taxable income.  Visit the https://www.irs.gov/  for more information.

How can I use the money?
Grants are refunded to you to use for expenses incurred due to COVID-19.

What if I currently owe tuition or other expenses to Lively?
The full amount of the emergency grants will be given directly to students and will not pay outstanding balances owed to Lively. Any outstanding balance owed to Lively remains the responsibility of the student.

Additional Resources: 

CARES ACT STUDENT FAQ

CARES ACT FAQ