GH Hall

CARES Act Required Reporting

Allocation

J. Sargeant Reynolds Community College (JSRCC) received an allocation from the Coronavirus Aid, Relief, and Economic Security (CARES) Act under Section 18004(a)(1) in the amount of $4,151,184.00. JSRCC signed and returned to the Department of Education 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.


The College was allotted $2,075,592.00 from the U.S. Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.


The College was also allotted institutional funds in the amount of $2,075,592.00 as part of the Higher Education Emergency Relief Fund Institutional Grant of the CARES Act. This allotment will be utilized in accordance with the CARES Act guidelines. Initial guidance states that these funds are to be directed toward costs associated with the significant changes to the delivery of instruction due to the coronavirus. JSRCC awaits further guidance from the Department of Education and the Virginia Community College System regarding the allowable methodology for expending this second half of CARES Act funding.

 

Distribution of Funds

As of August 3, 2020, $1,418,000.00 has been received by JSRCC and distributed to students under Section 18004(a)(1) of the CARES Act.


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 3,311.


The total number of students for whom Emergency Financial Aid Grants have been processed under Section 18004(a)(1) of the CARES Act as of August 3, 2020, is 2,391.

 

 

Eligibility

JSRCC disbursed approximately 68% of the funds, or $1,418,000.00 without further application to students whose Title IV eligibility had already been established in accordance with Section 484 of the Higher Education Act. In accordance with the CARES Act, JSRCC directed funds to students who demonstrated the most financial need as per the FAFSA (Free Application for
Federal Student Aid) on file.

The following additional criteria were used to determine funds disbursement:

  • Students were enrolled in 6 or more credits during the Spring 2020 semester
  • Students were NOT enrolled in all online course work as of 3/13/2020
  • Students had a valid EFC (Expected Family Contribution) per the FAFSA
  • Other requirements as stated by the U. S. Department of Education

Method

The method used to determine how much students would receive under Section 18004 (a)(1) of
the CARES Act is as follows:

 

  • 75% (approximately) of funding made to Pell-eligible (0 < EFC < 5576) students as per the 19-20 FAFSA on file
    • Total funding for Pell-eligible students – $1,134,500 ($922,000 Spring 2020; $212,500 Summer 2020)
    • Total number of Pell-eligible students meeting criteria – 1844 unduplicated (1,844 Spring 2020; 425 Summer 2020)
    • Awards made at $500 per student

  • 15% (approximately) of funding made to students with an EFC above Pell eligible level up to the full-time out of state cost of attendance (5576 < EFC < 23856) as per the 19-20 FAFSA on file (Note: 23586 is the full-time out of state cost of attendance budget for 19-20)

    • Total funding for students with an EFC above Pell eligible level up to the full-time out of state COA - $206,000 ($172,000 Spring 2020; $34,000 Summer 2020)
    • Total number of students with an EFC above Pell eligible level up to the full-time out of state COA meeting criteria – 430 unduplicated (430 Spring 2020; 85 Summer 2020)
    • Awards made at $400 per student

  • 5% (approximately) of funding made to students with an EFC above 23856 as per the 19-20 FAFSA on file (Note: 23586 is the full-time out of state cost of attendance budget for 19-20)

    • Total funding for students with an EFC above 23856 –$34,500 ( $28,500 Spring 2020; $6,000 Summer 2020)
    • Total number of students with an EFC above 23856 meeting criteria – 95 unduplicated (95 Spring 2020; 20 Summer 2020)
    • Awards made at $300 per student

  • 5% (approximately) of funding will be awarded on a case-by-case basis to applicants not fully meeting the model above, but meeting Title IV and CARES Act requirements.
    • Total number of students w/approved CARES Act application – 79
    • Total funding for students w/approved CARES Act application (award range up to $500) – $38,100
    • Single Stop Auto-Awarded Students ($100 each) – $4,900.00 (33-Spring 2020; 16-Summer 2020

**The disbursement data is based on disbursements as of August 3, 2020.


Funds were disbursed directly to students. If a student owed a balance to JSRCC, these funds were not applied to that balance. Disbursements were sent to students per their previously selected refund method (direct deposit or paper check). If the student had not received a refund from the college in the past, they were provided instructions on how they might provide banking informing to receive funds as a direct deposit.


Remaining Funds

The remaining approximately 32% of the Emergency Financial Aid Grants funding, or $657,592.00 will be disbursed for the Fall 2020 semesters. Approximately 5% of the remaining funds (approximately $33,000.00) will be awarded on a case-by-case basis to applicants not fully meeting autoaward the model above, but meeting Title IV and CARES Act requirements.

For more information regarding requirements, see Higher Education Emergency Relief Fund Reporting- Emergency Financial Aid Grants to Students

Last Updated: August 3, 2020