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CARES Act Fact Sheet

The Federal CARES Act

The Federal CARES Act provides emergency aid to help students cover additional expenses incurred from campus disruptions due to COVID-19. These may include food, housing, course materials, technology, health care and child care. To apply for CARES Act funding, please fill out the CARES Act Application under the "How do I apply?" section.

On April 13, 2020, Aveda Institute Portland did sign and return to the Department of Education a 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.

What is the CARES Act?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by the President on March 27th, 2020. The CARES Act provides fast and direct economic assistance for American workers, families, and small businesses, and preserve jobs for our American industries.    

 

 

 

 

CARES Act Eligibility

To be eligible for CARES Act funding, students must meet Title IV (federal student aid) eligibility requirements. If you haven't done so already, you will need to complete the 2019-20 FAFSA.

DACA and undocumented students are not eligible for CARES Act funding. If you are unsure about your eligibilty status, please contact Niki Sparks at niki.sparks@avedapdx.com.

All enrolled and currently attending Title IV eligible students who began training before July 1, 2020 are eligible to apply. Students who are on an approved leave of absence due to the COVID-19 emergency are eligible to apply.

How do I apply?

APPLICATION CLOSED

Applications may be submitted only once and are processed on a first-come, first-serve basis. Submission of application does not mean you will be awarded. You must have a complete 2019/2020 or 2020/2021 FAFSA on file to be eligible for CARES Act Funds.

Funds are limited so in order to qualify you will need to demonstrate that you have a current financial emergency that impacts your ability to succeed at Aveda Institute Portland.

Round 3 Application will be open until August 25th, 2020. You may apply whether or not you completed the Round 1 & 2 application.

 

 

 

Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”) Higher Education Emergency Relief Fund Reporting

Emergency Financial Aid Grants to Students

 

On April 13, 2020, Aveda Institute Portland did sign and return to the Department of Education a 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 total amount of funds that the institution has received on June 8, 2020 from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $230,555.00.

The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of June 26, 2020 is $65,474.00.

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 259.

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 26, 2020 is 110.

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 is as follows:

Policy and Procedure for distribution of CARES Act Funds

Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) funds are intended to cover student expenses related to disruption of campus operations due to COVID-19 in the form of Emergency Financial Aid Grants to students. These funds are designed to keep students in school, preventing them from dropping out due to a COVID-19 related short-term financial crisis. These grants do not need to be repaid. Examples of permissible uses include grants to cover student food, housing, course materials, healthcare and childcare and to secure technology, whether equipment or access (e.g., internet costs).

Applications for Emergency Financial Aid Grants may be submitted only once and are processed on a first-come, first-serve basis. Application deadline is June 20, 2020 at midnight. Funds are limited so in order to qualify you will need to demonstrate that you have a current financial emergency that impacts your ability to succeed at Aveda Institute Portland. All enrolled Title IV eligible students who began training before July 1, 2020 and did not graduate or withdraw prior to March 16, 2020 are eligible to apply. Students who are on an approved leave of absence due to the COVID-19 emergency are eligible to apply.

Submission of application does not mean the student will be awarded. Students must have a complete 2019/2020 or 2020/2021 FAFSA on file to be eligible for CARES Act Funds.

A maximum award amount of $890.00 has been determined based on the amount of funding allocated to the institution and the number of Title IV eligible students currently attending or on an approved leave of absence due to COVID-19.

Award determination will be based on the amount of unmet financial need as presented in the application. If a requested award amount is greater than the maximum award amount the award determination will be based on the maximum award amount.

A first round of grant award disbursements will be issued based on this policy and procedure. If funding remains after the first round of disbursements then a second round of application and grant funding may be possible. Students will be notified if a second round of funding is determined to be possible.

Eligibility for Emergency Financial Aid Grants will be determined by the administration of the institute by following these guidelines:

  • First Tier – the first step to determine eligibility is for the student to apply using the link at avedapdx.com/cares.

 

  • Second Tier – the second step to determine eligibility is to review the student’s FAFSA to ensure Title IV eligibility. Eligible students must have an awardable 2019/2020 or a 2020/2021 FAFSA on file.

 

  • Third Tier - the third step to determine eligibility is to review the student’s Expected Family Contribution (EFC) from the 2020/2021 FAFSA. If no 2020/2021 FAFSA is present or a required verification is not yet completed, the 2019/2020 will be reviewed. Full Pell grant eligible students with an EFC of 0 will be eligible for up to 100% of the maximum award. Partial Pell grant eligible students will be eligible for awarding based on the following scale:

   EFC   

   Award % of maximum award   

1 – 2500   90%
2600 – 4500   80%
4600 – 6000   70%

 

If a student is not Pell grant eligible they may still be eligible for a grant award. If an application establishes that a student’s financial situation is currently significantly different (due to areas of increased expenses experienced due to the disruption of campus operations caused by COVID-19) than the FAFSA reflects then the student may be eligible for awarding based on the following scale:

 

   Areas of increased expenses   

   Award % of the maximum award   

If 3 or more areas are checked  70%
If 2 areas are checked  60%
If 1 area is checked  50%

 

Instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants can be found on our CARES Act Info page at avedapdx.com/cares. This information has also been issued directly to students via emails and virtual school meetings as well as postings to online learning portals.

 

 

 

 

 

 

 

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