CARES Act – Higher Education Emergency Relief Fund
Reading Hospital School of Health Sciences (OPEID 00656500) received education stabilization funds under Section 18004(a)(1) of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The required funding report below applies to the portion of grants received under the Higher Education Emergency Relief Fund (HEERF) that is designated specifically for emergency financial aid grants to students for expenses related to the disruption of campus operations due to the coronavirus.
- Reading Hospital School of Health Sciences (RHSHS) signed and returned to the Department of Education the CARES Act Certification and Agreement on 4/24/2020. This document assures that RHSHS intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- RHSHS received notice on 5/2/2020 that the grant award in the amount of $134,622 was selected for funding. These grant funds were received from the Department pursuant to the Institution’s Certification and Agreement for Emergency Financial Aid Grants to Students on 5/13/2020 and represents 50% of the total funds to be received by RHSHS under Section 18004(a)(1).
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of 7/31/2020 is $ 141,100. Note: The additional $6,378 awarded to eligible students was allocated from the Institutional portion, Section 18004(c) of the CARES Act.
- An estimated total of 209 students enrolled at the institution were 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. However, as of 5/18/2020, 166 students enrolled in the 19/20 Spring semester filed a FAFSA.
- As of 7/31/2020, 166 students have received an Emergency Financial Aid Grant to students under Section 1880(a)(1) of the CARES Act.
- RHSHS made every effort to contact students regarding the availability of funding to encourage completion of the FAFSA. In order to move funds to the students as quickly as possible, no application was required and an automatic payment of $850 was awarded to students who had completed the FAFSA as of 5/21/2020 (166 students). Disbursement was administered through the Student Accounts and Fiscal Offices. Eligibility and announcement of the automatic payment was processed by the Financial Aid Office.
- Payments to students were mailed on 6/12/2020 with the following guidance included from Robin Hall, Director of Financial Aid and Budget:
“The check for $850 being provided to you today is allocated from the grant funding made available to RHSHS. The award was calculated by dividing the total amount that RHSHS received for students by the total number of eligible students as of 5/21/2020.
NOTE: Any money awarded from this grant is to be used for expenses related to the disruption of campus operations at RHSHS due to coronavirus. These expenses include eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care, and childcare. Our students have been affected and fit into one or more of these categories: you may have been displaced as a dorm student, have unexpected transportation costs, increased expenses to improve your internet service, purchased a computer, printer or software in order to complete your coursework online, increased data usages on your phone, increased child care expenses, or increased electric or heating bills because you are at home instead of school. This award is intended to help you with those expenses.
This award will not count as taxable income and it will not replace any financial aid eligibility you may have for future semesters. RHSHS understands the current COVID-19 pandemic has greatly impacted our students’ educational and financial goals. Please contact me if you have any further questions.”