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The CARES Act Higher Education Emergency Relief Fund provides funding to institutions to provide emergency financial aid grants to students for their expenses related to the disruption of campus operations due to coronavirus.

 

Public Disclosures Regarding HEERF Funds

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.

Urban College of Boston (UCB) signed and returned the Certification and Agreement of the Student Aid and Institutional Portions of the CARES Act funds to the U.S. Department of Education on May 6, 2020. UCB received its allocation on May 12, 2020.

 

UCB signed and returned the Certification and Agreement of the Minority-Serving Institutions portion of the CARES Act funds to the U.S. Department of Education on May 9, 2020. UCB received its MSI allocation on June 2, 2020.

 

UCB 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.

 

2.       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.

The amount of funds dedicated to student aid is $304,000.

 

3.       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 (i.e., as of the 30-day Report and every 45 days thereafter).

As of June 11, 2020 (30 days from allocation of CARES Act funds), UCB had distributed $0 to students under Section 18004(a)(1) of the CARES Act.

 

4.       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.

UCB is finalizing program parameters and eligibility, so does not yet have a final estimate of the number of eligible students.

 

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

As of June 11, 2020 (30 days from allocation of CARES Act funds), 0 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

 

6.       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.

UCB is still finalizing the methods to determine which students receive Emergency Financial Aid Grants and how much they will receive under Section 18004(a)(1) of the CARES Act. UCB will update this portion of the website once those methods are finalized.

 

7.       Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

UCB is finalizing the instructions, directions, and guidance it will provided to students concerning the Emergency Financial Aid Grants.