Nature Coast Times

College of Central Florida recently issued the following announcement.

The College of Central Florida (CF) has signed and returned the Higher Education Emergency Relief Funds (HEERF) Certification and Agreement Form. CF has used, or intends to use, no less than the required amount of funds received to provide Emergency Financial Aid Grants to students.

CF has been awarded HEERF allocations in three phases:

HEERF I/CARES Act – Under the Coronavirus Aid, Relief, & Economic Security Act, CF was awarded $5,063,708. Fifty percent of those funds ($2,531,854) were required to be distributed to students. The other fifty percent will be allowable for institutional needs.

HEERF II/CRRSAA – Under the Coronavirus Response and Relief Supplemental Appropriations Act, CF was awarded $5,063,708. The college is required to disburse the same amount in student grants under CRRSAA as was required under the CARES Act. Therefore, $2,531,854 (50 percent) of CRRSAA funds is to be distributed to students. The other fifty percent will be allowable for institutional needs.

HEERF III/ARP – Under the American Rescue Plan, CF was awarded $18,645,368 and is required to distribute fifty percent ($9,322,684) of the awarded funds to students. The other fifty percent will be used for allowable institutional needs.

In addition to the funds listed above, CF has received Strengthening Institutions Program (SIP) allocations, of which $675,933 has been designated for student assistance.

Funding methodology (eligibility and funding amounts) for HEERF I, II and III awards and SIP awards can be seen at Higher Education Emergency Relief Fund (HEERF) Required Reporting. For HEERF I allocations, eligible students were awarded HEERF funds and were instructed to submit a HEERF application for consideration for additional funds. An application process has not been used for HEERF II or HEERF III distributions. Students receiving distributions receive an email notification.

First Quarter 2022 Results:

• The estimated number of students eligible to receive HEERF assistance is 4,226.
• CF has disbursed $4,526,420 of CRSSAA and ARP funds to 4,077 students.

Cumulative Totals as of March 31, 2022:

• CF has been allocated a total of $28,772,784 in HEERF grants, of which $14,386,392 must be distributed to students.
• CF has distributed $14,346,841 of HEERF and $675,933 of SIP funds to a total of 9,180 students.

Original source can be found here.