Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Higher Education Emergency Relief Fund Program
LIM College is participating in the CARES Act
May 27, 2020
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which established and funded the Higher Education Emergency Relief Fund (HEERF). Institutions of higher education are directed to use no less than 50 percent of funds received under Sections 18004(a)(1) and 18004(c) of the CARES Act to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care).
In accordance with guidance issued by the U.S. Department of Education (USDOE) on 4/9/20, 4/21/20, 5/6/20, and 5/21/20 (available at: https://www2.ed.gov/about/offices/list/ope/caresact.html), LIM College is using the following criteria to define students who are eligible to be considered for CARES Act – HEERF assistance:
- LIM students who are eligible to apply for federal financial aid (Title IV) and who were enrolled on-campus in a degree-granting program as of March 13, 2020 (the date the President declared COVID-19 a national emergency).
- To demonstrate eligibility to participate in federal financial aid (Title IV) programs, LIM students must have a valid 2019-2020 FAFSA (Free Application for Financial Aid) on file with the College by no later than June 30, 2020. Students do not have to receive federal Title IV funds in the 2019-2020 academic year in order to demonstrate eligibility.
- LIM students must have expenses related to the disruption of campus operations due to the coronavirus and must sign an electronic certification statement to verify this (included on the LIM CARES Act – “HEERF 2” Application & Certification Form or the LIM CARES Act – “HEERF 1” Certification Form).
The USDOE guidance referenced above indicates that students who were studying in a fully online modality on March 13, 2020 and students who are not eligible to participate in federal financial aid (Title IV) programs (including international students on a student visa) are not eligible to receive CARES Act – HEERF assistance.
If you meet the above eligibility criteria you must submit the LIM CARES Act – “HEERF 2” Application & Certification Form in order to be considered for a “HEERF 2” Emergency Grant Award. You will need to indicate which COVID-19 related expenses you have and write a brief statement describing how the coronavirus pandemic and the disruption of campus operations has financially impacted you.
Click Here to Apply for the: LIM CARES ACT – “HEERF 2” EMERGENCY GRANT
Please note that applications will be reviewed on a first-come, first-serve basis until funds are exhausted. For information on the “HEERF 1” Emergency Grant selection process, priority consideration criteria, and further awarding details see the below FAQ.
Frequently Asked Questions
Are some students going to be given priority consideration for these funds?
Yes, based on U.S. Department of Education recommendations for recognizing financial need, LIM will give Priority Consideration to students who have demonstrated financial need (An Expected Family Contribution (EFC) < the 2019-20 Cost of Attendance (COA)) on a valid 2019-20 FAFSA received by LIM no later than May 1, 2020. Eligible students will be identified and notified by the Office of Student Financial Services (SFS) regarding a one-time “HEERF 1” Emergency Grant Offer = $375.
- Students receiving a “HEERF 1” award offer will be sent a link to the LIM CARES Act - “HEERF 1” Award Certification Form, which will need to completed and electronically signed within 30 days of notification in order for these funds to be disbursed as a student refund. These “HEERF 1” awards are intended to quickly provide funds to students with financial need to primarily assist with immediate needs such as food, medical co-pays, and other basic living expenses.
- No application (other than a valid 2019-20 FAFSA) is required for “HEERF 1” consideration and students receiving a “HEERF 1” Award can also apply for a “HEERF 2” award using the above application.
- Unclaimed “HEERF 1” funds will be added to the pool of “HEERF 2” available funds.
Priority consideration will also be given to “HEERF 2” Emergency Grant applicants with demonstrated financial need and those requesting assistance for eligible covered expenses.
What expenses are considered eligible COVID-19 related expenses for HEERF?
The U.S. Department of Education defined covered eligible expenses as: food, housing, course materials, technology, health care and child care. LIM College has established standard amounts that will be awarded for these expenses.
Students can also write in other COVID-19 related discretionary expenses on their application and provide supporting documentation. These requests will be reviewed and considered on a case-by-case basis and may be held while priority consideration is given to eligible covered expenses first.
Is loss of income a discretionary COVID-19 related expenses that can be considered for HEERF Emergency Grant funding?
No, U.S. Department of Education guidance does not consider loss of income to be an expense for HEERF Emergency Grant consideration, even though many students and parents have experienced employment loss or reductions in earnings due to the coronavirus pandemic. Ongoing loss of income in 2020 related to COVID-19 can be reviewed by the Office of Student Financial Services (SFS) through the Professional Judgment Income Review process to determine if a student is eligible for additional federal financial aid funds. Please contact the SFS Office at email@example.com or 212-310-0689 for further information.
For which semesters can COVID-19 related expenses be considered?
COVID-19 related expenses while the College conducts remote instruction for the spring/Semester 2 term 2020 and the summer/Semester 3 term 2020 can be considered for otherwise eligible students enrolled in those terms.