CARES Act Higher Education Emergency Relief Funds

Q3 2021 Quarterly Institutional Budget and Expenditure Report
Q4 2021 Quarterly Institutional Budget and Expenditure Report
Quarterly Student Grant Reporting
Federal SAIHE Grant Reporting

HEERF III

The University of Mount Olive has been awarded $5,334,073 of HEERF III funds of which $3,077,113 is designated for emergency grants for students.

HEERF III Funds will be awarded for Spring 2022.  Eligibility has been determined using the Federal EFC and the number of credits registered.  The award will not be distributed to students until spring attendance has posted.  Recipients will receive an email instructing them to log in and select their distribution choice for the award.

As of 1/31/2022 a total of 991 students have received $2,623,100.

As of 2/28/2022 a total of 1143 students have received $2,811,900.

As of 3/312022 a total of 1162 students have received $2,981,213.

As of 5/9/2022 a total of 1181 students have received $3,077,113. The University has expended all HEERF III funds.

APPEAL Federal HEERF III Grant Awards

Awarding Matrix

 FTHTLTHT
0-EFC400026002000
1-5846 EFC300018001000
5847-16000 EFC20001000600

HEERF II

The University of Mount Olive has been awarded $5,154,411 of HEERF II funds of which $1,668,508 is designated for emergency grants for students.

Of the $3,485,903 HEERF II institutional funds,  the remaining $639,761 was used to replace lost revenue from academic sources during the quarter ended September 30, 2021.  $2,846,142 of these funds were used to replace lost revenue from academic sources between March and June 2021.

HEERF II Funds will be awarded for Summer 2021 and Fall 2021.  Eligibility has been determined using the Federal EFC and the number of credits registered.  The award will not be distributed to students until the attendance has posted.  Recipients will receive an email instructing them to log in and select their distribution choice for the award.

In accordance with Government Reporting Policies for Federal HEERF II Funds:

As of 5/31/2021 a total of 723 students have received $425,483.

As of 6/30/2021 a total of 726 students have received $423,596.

As of 7/31/2021 a total of 733 students have received $429,346.

As of 8/31/2021 a total of 742 students have received $438,508.

As of 9/30/2021 a total of 1390 students have received $1,006,934.

As of 10/30/2021 a total of 1465 students have received $1,143,258.

As of 11/30/2021 a total of 1468 students have received $1,609,265.

As of 12/15/2021 a total of 1507 students have received $1,668,508.  This completely expends UMO’s HEERF II Grant Funds.

 FTHTLTHT
O EFC1000650500
1-5846 EFC750450250
5847-16,000 EFC500250150

HEERF I

The Federal Government has established the Higher Education Relief Fund (HEERF) under the CARES Act which was signed by President Trump on March 27, 2020. This fund will allow the University of Mount Olive to provide emergency grants to students experiencing financial hardship specifically due to the disruption of campus operations as a result of the COVID-19 pandemic. The University of Mount Olive has completed the Certification and Agreement for this funding with the assurance that we will use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency grants for students. Here are some facts regarding this funding.

We have identified 898 students with potential eligibility. Of these students, 828 with confirmed eligibility have received an email with notification of a preliminary award. The preliminary award will not be distributed to students until the award is accepted in MyFinancialAid. By accepting the award, the student is certifying he has incurred additional educational expenses as a result of the campus closure.


Incurred allowable expenses may include:

Food

Housing

Course materials

Technology

Healthcare

Other


Eligibility

Student must be in seated, face-to-face classes.

Student must have expenses incurred specifically due to the disruption of campus operations as a result of the COVID-19 pandemic.

Student must be eligible to receive Title IV (federal) financial aid. If you were awarded and declined Stafford Loans you are still Title IV eligible.

Title IV Eligibility includes:

US Citizen or eligible non-citizen

Meets Satisfactory Academic Progress (SAP) requirements (after Fall 19)

Not in default on federal student loans

FAFSA filed and processed and all required documentation received.

Passed all FAFSA database checks.

Student must have expenses incurred specifically due to the disruption of campus operations as a result of the COVID-19 pandemic.

In accordance with Government Reporting Policies for Federal HEERF I Funds:

As of 5/12/2020 a total of 435 students have received $734,000.

As of 5/22/2020 a total of 562 students have received $933,045.

As of 6/30/2020 a total of 616 students have received $1,008,495.

As of 7/30/2020 a total of 630 students have received $1,034,795.

As of 8/30/2020 a total of 651 students have received $1,072,895.

As of 9/30/2020 a total of 654 students have received $1,081,395.

As of 10/31/2020 a total of 659 students have received $1,090,595.

As of 11/30/2020 a total of 660 students have received $1,097,095.

As of 12/31/2020 a total of 660 students have received $1,118,155.

As of 1/31/2021 a total of 692  students have received $1,211,342.

As of 2/28/2021 a total of 859 students have received $1,455,016.

As of 3/29/2021 a total of 1130 student have received $1,668,508.


Determination of Award Amounts

Preliminary awards for students eligible for CARES Act funding were awarded according to the following table using the Expected Family Contribution and the number of hours for which a student was enrolled. The award was increased by $1,000 if the student was residing on campus.

EFC Range Full time 3/4 time 1/2 time LTH Time Plus On Campus
0-2500 $1,300 $975 $650 $325 $1,000
2501-5576 $1,100 $825 $550 $275 $1,000
5577-15000 $900 $675 $450 $225 $1,000
15001 and up $700 $525 $350 $175 $1,000

 

How to Apply

Students who did not receive a preliminary award, or who have expenses above what they were awarded can appeal. The application to appeal, should be submitted via email to financialaid@umo.edu. Applications and supporting documentation be will reviewed and students will be awarded based on the above chart or the documentation provided.


Impact on Existing Financial Aid

This funding will not have any effect on your current or future financial aid eligibility.


Repayment

You do not need to repay a Federal CARES emergency grant.


Additional CARES Act Questions?

Please submit questions and/or requested documentation to the following email financialaid@umo.edu.