Coronavirus Aid, Relief, and Economic Security (CARES) Act
This statement acknowledges that National Park College has signed and returned the certification and agreement form for the Coronavirus Aid, Relief, and Economic Security (CARES) Act and that the institution has used, or intends to use the funds to provide the mandated amount of at least 50% of the emergency financial aid grants to students.
The total amount of funds that the institution has received under the HEERF student portion equals $1,142,754.
Of those funds, the total amount that has been distributed to students as of the date of reporting (5/24/2020) equals $251,600.
The estimated 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 current time equals approximately 1500 students.
The total number of students who have received an emergency financial aid grant equals 629 as of May 24, 2020.
The institution determined which students did, or will receive emergency financial aid grants, and how much funding they did, or will receive in the following manner:
Most of our student body are Title IV eligible (85-90%), so a decision was made to award a flat amount to all eligible students. We decided to split funds to provide ongoing support to students throughout the year. One-half of the funds approximately could be disbursed immediately, with the remaining distributed to summer and fall students. Initially it was estimated that 1,421 students were eligible during the spring term. The split of the award would be 50% spring, 10% summer, 40% fall. $571,377/1421 = $400 approximately.
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) prior to the end of the spring term, email, and social media.
The following information was shared with students:
You may be eligible to receive CARES funds, which are federal funds to assist students impacted by COVID-19. Federal CARES funds are available to currently enrolled students for the spring 2020 term. Eligible students will receive $400 for the spring term. Future amounts for summer and fall terms are yet to be determined.
You must complete a certification form by May 25th in order to qualify for spring funds. This certification form allows you to declare you have COVID-19 related expenses for the spring term. If you have completed a FAFSA form for 2019-20 and are eligible for federal financial aid, you should have received an email at your preferred email account listed in OASIS. That email will contain the link to the certification form for CARES funds for spring 2020. If you believe you are eligible and have not received the link, please contact your financial aid advisor at 501-760-4159.