CARES Act Disclosure

 

On March 27,2020, Congress enacted the Coronavirus Aid, Relief and Economic Securities Act (the CARES Act), which provides economic relief to students facing hardship due to the COVID-19 crisis. This relief includes financial assistance to Institutions of Higher Education (IHE) under the Title IV of the Act.

Maine College of Health Professions understands that students may have incurred unanticipated expenses for course materials, technology, food, housing, utilities, transportation, healthcare/medical, and childcare related to the disruptions of campus operations due to COVID 19. With this in mind, the College signed and returned a Certification and Agreement to the Department of Education on August 4th, 2020, which provides emergency financial aid that must be allocated directly to students.  MCHP received $81.223 (50% of the total allocation).  As of October 29th, 2020 MCHP has distributed $77,325 in Emergency Financial Aid grants to 158 eligible students.  Effective February 4th, MCHP has distributed an additional $16,805 in additional grants to a total of 34 students.

 

On January 14, 2021 The U.S. Department of Education announced that an additional $21.2 billion dollars was made available to higher education institutions through the Coronavirus Response and Relief Appropriations Act 2021 (CRRSAA). This support has been provided to ensure that learning continues for students during the COVID-19 pandemic. CRRSAA provides economic relief to students facing hardship due to this crisis.

Maine College of Health Professions understands students may have incurred additional expenses for course materials, technology, food, housing, utilities, transportation, healthcare/medical and childcare, related to the disruptions of campus operations due to COVID 19.

Maine College of Health Professions received the Certification and Agreement from the Department of Education on March 23rd, 2021. This requires that at least 50% of the Section 18004 provide emergency financial aid grants to students.  The methodology remains consistent below.  A total of

182 student awards were distributed, totaling $88,124.

 

Awards were determined based on the following student status and FAFSA expected family contribution (EFC) formula:

  1. Student Status (Credits enrolled – Terms: Summer 20 and Fall 20)
    1. Full Time $550
    2. ¾  Time                $400
    3. ½ Time                 $275
    4. < ½ Time $150

 

  1. Sliding Scale EFC % Allocation

 

EFC % EFC %
0-2500 100% 15001-17500 70%
2501-5000 95% 17501-20000 65%
5001-7500 90% 20001-22500 60%
7501-10000 85% 22501-25000 55%
10001-12500 80% 25001-99999 50%
12501-15000 75%

 

Award range and eligibility are as follows.

 

Award Range

  • Minimum Award $150
  • Maximum Award $1,100
  • Median Award             $400

 

Eligibility

  • Matriculated students as of September 21st, 2020 and meeting satisfactory academic progress
  • U.S. citizenship status
  • A valid 2020-2021 FAFSA
  • Programs whose course delivery was less than 100% online

 

CARES Act grants will not be taxed and will be included on the IRS Form 1098T – Box 5.  These grants are considered federal disaster assistance.

 

Grants were awarded by check and students were required to sign and confirm the amount and date of delivery.   By accepting the grant, students attested that unexpected expense due to COVID19 caused a disruption of learning.

 

Click here for Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3), for Quarter Ended Sep 30, 2020

 

Click here for Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3), for Quarter Ended Dec 31, 2020

 

Click here for the combined all-quarters Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3).

 

Click here for Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3), for Quarter Ended Mar 31, 2021.