Student Funds Quarterly Reporting
March 31, 2022
ACKNOWLEDGEMENT: This statement acknowledges that National Park College has signed and returned the Recipient’s Funding Certification and Agreement for Emergency Financial Aid Grants to Students and that the institution has used, or intends to use the funds to provide the mandated amount of the emergency financial aid grants to students.
The total amount of funds that the institution has received from ED:
- Student $6,554,007
- Institutional $9,137,031
- HEERF-SIP $680,395
- Supplemental (MSI)- $1,142,220
- Total $17,513,653
The total amount of funds that the institution has received under the HEERF student portion equals:
- HEERF I (CARES) - $1,142,754
- HEERF II (CRRSAA) - $1,142,754
- HEERF III (ARP) - $4,268,499
- Total Student before Supplemental - $6,554,007
- Supplemental for MSI- $1,142,220
- Total Student Relief Grants Student Portion: $7,696,227
The total number of students at the institution eligible to participate in programs under Section 494 of Title IV of the Higher Education Act of 1965 and therefore eligible to receive an emergency financial aid grant at the time of the declaration of the national emergency March 13, 2020,was estimated at approximately 1500 students. As the national emergency continues more students have become eligible and the number has increased over time to over 3,000 students.
Method(s) used by the institution to determine which students receive HEERF grants and how much they would receive:
Spring 2020: Title IV eligible students who certified they had covid related expenses were given block grants of $400.
Summer 2020: Returning summer students who had already certified in spring term and newly enrolled summer students who certified they had covid related expenses got a block grant of $400.
Meal Plan Balances that were unused were refunded to students.
Fall 2020: New certification forms were completed by Title IV eligible, enrolled students. Two $400 block grants were given to this group for August and September.
Spring 2021: Remaining HEERF I were disbursed to all students who reported to the Health and Safety Program Manager of being quarantined or isolated due to COVID-19. After these funds were diminished our NPC Foundation paid students this stipend for the rest of the spring term.
Spring 2021: Block grants were paid to students based on level of enrollment and additional funding based on EFC.
Enrollment Criteria for Amount of Disbursements:
- 1-3 hours $200
- 4-6 hours $300
- 7-9 hours $400
- 10-12 hours $500
- 13+ hours $600
Additional Funding Based on EFC on FAFSA:
- Add $100 for anyone with EFC 0-2700 on FAFSA
- Add $50 for anyone with EFC 2701-5711
- Add $0 for anyone with EFC over 5711
DACA students still waiting on feedback from USDE, so was conservative and removed anyone who self- identified as non-US Citizen and wasn’t an eligible non-citizen for FAFSA purposes.
- Meal plan balances that were unused were refunded to students again.
- Incentives were paid to students who elected triple occupancy in the dorms.
- Emergency relief funds were given to students who applied for additional assistance.
- Quarantined and isolated students were paid a stipend to offset missed earnings due to covid.
- Block grants of $500 each were given to all currently enrolled students in September and October.
- Cash incentives of $100 were offered to students who got vaccinated or showed proof of vaccination to the Health and Safety Officer.
- Quarantined and isolated students were paid a stipend until February.
- Block grants were paid to students enrolled in 3 or more hours who were degree seeking.
The following information was shared with students:
Any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants were disseminated to students via messages shared on the learning management system (D2L), email, and social media.
|Budget Year||Term||Students||Amount||Month Paid|
|2020||Spring 2020||762||304800||May 2020|
|2020||Summer 2020||284||113600||June 2020|
|2021||Summer 2020||4||1600||July 2020|
|2021||Fall 2020||351||140800||August 2020|
|2021||Fall 2020||572||444211.5||September 2020|
|2021||Fall 2020||245||-2821.5||October 2020|
|2021||Fall 2020||12||1400||November 2020|
|2021||Fall 2020||57||15197.39||December 2020|
|2021||Fall 2020||2||500||January 2021|
|2021||Spring 2021||30||7162.26||January 2021|
|2021||Spring 2021||1652||927350.00||February 2021|
|2022||Spring 2021||3||3676.81||July 2021|
|2022||Fall 2020||292||49214.6||August 2021|
|2022||Spring 2021||733||139226.5||August 2021|
|2022||Fall 2021||63||31500||August 2021|
|2022||Spring 2021||1||-170.42||September 2021|
|2022||Fall 2021||1921||969000||September 2021|
|2022||Fall 2021||1865||936250||October 2021|
|2022||Fall 2021||1774||891050||November 2021|
|2022||Fall 2021||4||700||December 2021|
|2022||Fall 2021||13||3100||January 2022|
|2022||Spring 2022||1560||780000||January 2022|
|2022||Fall 2021||1||-250||February 2022|
|2022||Spring 2022||208||61000||February 2022|
|2022||Spring 2022||1495||498085||March 2022|
Total paid to students through 3-31 202022: $6,316,182
- 2022 Quarter 2 - quarterly budget and expenditure report
- 2022 Quarter 1 - quarterly budget and expenditure report
- 2021 Quarter 4 - quarterly budget and expenditure report
- 2021 Quarter 3 - quarterly budget and expenditure report
- 2021 Quarter 2 - quarterly budget and expenditure report
- 2021 Quarter 1 - quarterly budget and expenditure report
- 2020 Quarter 4 - quarterly budget and expenditure report
- 2020 Quarter 3 - quarterly budget and expenditure report
- 2020 Quarter 2 - quarterly budget and expenditure report