Funding Agreement Certification

On April 11th, 2020, Cazenovia College signed and returned to the U.S. Department of Education the Recipient’s Funding Certification and Agreement relative to emergency financial aid grants to students made available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed by Congress and signed into law on March 27, 2020.

 

Cazenovia College’s Use of HEERF I Funds Received Under the CARES Act

The total amount of funds that the College received from the Department of Education pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Student is $504,388.00. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of May 1, 2020 is $504,388.00.

The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act is 469. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 469.

Students’ eligibility to receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act was determined based on each student's Pell Grant eligibility and Expected Family Contribution as determined by their FAFSA for the current academic year. The following information was provided to students who received Emergency Financial Aid Grants:

As referenced in President Chesbrough’s April 22 Town Hall meeting, the college has been charged and authorized under the CARES Act to distribute federal emergency aid directly to students impacted by COVID-19 for your expenses incurred related to the disruption of campus operations. As directed by the U.S. Department of Education, this aid is being disbursed utilizing both Pell Grant eligibility and Expected Family Contribution from the 2019-2020 FAFSA filing. Taxability of this payment is currently undergoing review by the Internal Revenue Service.

The enclosed check is based on this aid directive and allocation formula. This is not a Room and Board refund. If you are eligible for a Room and Board refund, this should be complete by early to mid-May. If you have any questions, please contact the Financial Aid Office (finaid@cazenovia.edu).

 

Cazenovia College’s Use of HEERF II Funds Received Under the CRRSAA Act

The Higher Education Emergency Relief Fund II (HEERF II) is authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law on December 27, 2020. It follows the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed by Congress and signed into law on March 27, 2020.

The total amount of funds that the College received from the Department of Education pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Student is $504,388.00. The total amount of Emergency Financial Aid Grants distributed to students under Public Law 116-260 of the CRRSAA Act as of April 15, 2021 is $504,388.00.

The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Public Law 116-260 of the CRRSAA Act is 544. The total number of students who have received an Emergency Financial Aid Grant to students under Public Law 116-260 of the CRRSAA Act is 544.

Students’ eligibility to receive Emergency Financial Aid Grants and how much they would receive under Public Law 116-260 of the CRRSAA Act was determined based on each student's Pell Grant eligibility and Expected Family Contribution as determined by their FAFSA for the current academic year. Funds were distributed in EFC ranges for both PELL recipients and non-PELL eligible students.

 

Cazenovia College’s Use of HEERF III Funds Received Under the American Rescue Plan

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP) which includes a third stream of funding for the Higher Education Emergency Relief Fund (HEERF III) "to prevent, prepare for, and respond to coronavirus". Taken together, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA Act), and the ARP represent HEERF I, HEERF II, and HEERF III, respectively.

Cazenovia College received $1,476,351 for the HEERF III Student Aid Portion. The funds are to be used by Cazenovia College to issue direct grants to students whose lives have been disrupted

by Covid-19. Pursuant to the ARP Act, the grants are to be used by students for emergency costs that arise due to coronavirus, such as tuition, food, housing, course materials, technology, health care (including mental health care), and child care.

The total amount of Emergency Financial Aid Grants distributed to students under section 2003(7) of the American Rescue Plan (ARP) as of March 15th, 2022 is $1,476,351.

The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under the ARP is 551. The total number of students who have received an Emergency Financial Aid Grant to students under the ARP is 551.

Students’ eligibility to receive Emergency Financial Aid Grants and how much they would receive under the ARP was determined based on each student's Pell Grant eligibility and Expected Family Contribution as determined by their FAFSA for the current academic year. Funds were distributed in EFC ranges for both PELL recipients and non-PELL eligible students.