Higher Education Emergency Relief Fund (HEERF) Federal Reporting
The following information is provided by Reed College as required by the Department of Education in order to comply with the reporting requirements under the CARES Act. Following is Reed’s first 30-day progress report and presents information as of May 27, 2020. Additional reports will be provided every 45 days.
Certification and Agreement:
On April 16, 2020 Reed College 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 18804(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Amounts to be received:
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 is $421,329.
Amounts distributed to date:
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of:
May 27, 2020 was $190,750
June 16, 2020 was $289,110
Estimated number of eligible students:
An estimated 744 students at Reed College are 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.
Number of students who have received HEERF student share grants:
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:
May 27, 2020 was 355
June 16, 2020 was 557
Method(s) used to determine which students would receive grants and how much they would receive:
Reed College utilized the following methodology for distribution of funds for Emergency Financial Grants received under Section 18004(a)(1) of the CARES Act:
While many students have experienced some form of financial distress due to COVID-19 and its impact on campus operations, the Department of Education guidance recommends institutions prioritize students with the greatest financial need and to distribute funding as widely as possible.
To that end, funds will be distributed to students using a tiered approach with our neediest students receiving more substantial awards.
The majority of the funds (85%) will be directed in the form of direct payment to:
- Federal Pell Grant recipients who will receive $700
- Need-based Reed Grant recipients who will receive $450.
The remainder of the funds (15%) will be available to students who meet the federal eligibility requirements but do not receive Federal Pell Grant funds or need-based Reed grant funds and have documented expenses related to the disruption of campus operations through an application process.
In addition, students who receive an automatic direct payment but have documented expenses in excess of the payment that have not already been covered by other resources may also apply for additional assistance through the Reed Emergency Fund application process. Due to limited funding, HEERF grants may not fully cover all incurred expenses. Funding via the application process is available on a first-come, first-served basis.
Instructions, directions, and guidance provided to students regarding HEERF student share grants:Reed College provided the following instructions, directions, and guidance to students concerning the Emergency Financial Aid Grants:
- Announcement to general student body
- Creation of HEERF-specific website
- Individual emails sent to students eligible for automatic payment with instructions on how to ceritfy and acknowledge expenses were incurred
- Notification to students from Business Office when funds were deposited into student bank account or mailed