Congress passed three economic stimulus bills that allocated funds to higher education institutions. Originally known as the CARES Act when the first bill was signed these packages have now been renamed HEERF (Higher Education Emergency Relief Funds). The allocations were based on the institution’s enrollment of Federal Pell Grant recipients and the total number of students who do not receive this aid.
Fontbonne University was required initially to apply for these funds through two separate grants that included one for students and then separately funds to assist with the cost of the pandemic to the institution and lost revenues attributable to COVID-19. The student funds are being distributed directly to students in the form of emergency grants for expenses related to the disruption of campus operations due to the virus. When the CARES Act was passed Fontbonne began quickly to understand the guidance and how to make the most positive impact our students. We continue to do so with the second and third packages. Guidance has been evolving and we continue to monitor.
The details on these three packages are as follows:
Coronavirus Aid, Relief and Economic Security Act (CARES Act); now referred to as HEERF I
Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA); now referred to as HEERF II
American Rescue Plan Act (ARPA); now referred to as HEERF III