CARES ACT – HEERF I
On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to coronavirus”. This report provides details on the emergency funds that Thaddeus Stevens College of Technology (TSCT) received under the HEERF to provide to students.
ACKNOWLEDGEMENT OF FUNDING & CERTIFICATION
TSCT signed and submitted the Department of Education Certification and Agreement on April 10th, 2020 and received the funds on May 26th, 2020. Under 18004(a)(1) of the CARES Act, the total amount allocated to the College is $1,866,667. No less than 50 percent of these funds, totaling $933,334 will be distributed to students as per the terms of the certification.
DISTRIBUTION OF FUNDS
TSCT has received a total of $1,866,667 for the institutional and student shares. Fifty percent of that amount has been distributed to students.
TSCT mailed 1048 checks on June 9, 2020 in the amount of $933,334.00, which is the total allocation the college received to distribute to students.
The total institutional funding amount of $933,333 was spent as of 12/31/2020. The Quarterly Budget and Expenditure Report for 12/31/20 will be the final report
Frequently Asked Questions (FAQ’s)
FAQ’s for CARES Act – HEERF Funds
Eligibility Requirements, Frequently Asked Questions and Communication to Students can be found in the reports below.
|General Report 05-07-2020||General Report 05-26-2020||General Report 05-28-2020|
|General Report 06-16-2020||General Report 09-28-2020|
Quarterly Budget and Expenditure Report
|REPORT 09-30-2020||Report 12-31-20|