Brookline College CARES Act Student Funding
Brookline College has been allocated $1,890,270 by the Department of Education for funding that has been designated to institutions of higher education by Congress. Of the $1,890,270, exactly half of that allocation, $945,135, is specifically designated for disbursement to students. Brookline College is dedicated to getting this funding to providing need based emergency grants based on Title IV eligibility.
Brookline College will award emergency grants from the CARES Act funding to students who were actively attending Brookline College in programs that were not previously online-focused, prior to April 27, 2020. Grants will be awarded to Title IV eligible students and will be based on categories created to prorate award amounts that take into consideration the Pell awarded to the student, and the length of the student’s program.
Brookline College will then validate the eligibility of each application against Title IV eligibility. The students will then be asked to sign a certification that they will use these funds for expenses related to the disruption of campus operations due to coronavirus. These expenses include eligible expenses under a student’s cost of attendance in the calculation of Federal Financial Aid, such as food, housing, course materials, technology, health care, and childcare.
All CARES Act funds will be held in a separate bank account and funding will be processed through campus nexus creating a disbursement roster. The roster will then be used to generate paper checks, which will then be mailed to the students.
Brookline College will remain apprised of all updates and changes regarding the Department of Education’s guidance on this funding and will make any necessary adjustments to this policy as the situation changes, and more guidance is released.
- Students who meet the criteria for CARES act student grant funding will be identified and placed into one of the disbursement categories
- A check roster will be created by the batch process after posting in Nexus is complete
- Checks will be mailed to student address that is on file, students will have the opportunity to change their address on the initial student acknowledgement form
- Any returned check will be treated in the same manner as a returned Title IV disbursement check
- All accounting entries will be recorded consistently with GAAP
For additional details on the awarding methodology, please refer to the Methodology for Awarding and disbursement of CARES Act Student Grant Funds.
Quarterly Budget and Expenditure Reporting under CARES Act – As of 12/31/20