Emergency Financial Aid Grants (HEERF)

Since spring 2020, the federal government has issued several rounds of funding to colleges and students via the Higher Education Emergency Relief Fund (HEERF).
HEERF has provided funding in three main cycles: the CARES Act, signed in March 2020; the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), signed in December 2020; and the American Rescue Plan (ARP), signed in March 2021. Below, you'll find details about how funds were distributed to Wells students, and how their eligibility was calculated.

About the Higher Education Emergency Relief Fund (HEERF)

Since the beginning of the pandemic, there have been three major rounds of Higher Education Emergency Relief Fund appropriations authorized by the federal government:

  1. Cares Act, March 2020 (HEERF I)
  2. Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), December 2020 (HEERF II)
  3. American Rescue Plan (ARP), March 2021 (HEERF III)

Each of these three HEERF distributions were done under the oversight of the U.S. Department of Education's Office of Postsecondary Education. For more information, please visit the Department of Education's HEERF website.

Cares Act (HEERF I)

How Eligibility for CARES Act Payments Was Calculated

Eligiblity and funding amounts for CARES Act payments for Wells College students — i.e., the "student portion" under Section 18004(a)(1) of the CARES Act — were calculated on a sliding scale, based on each student's Expected Family Contribution (EFC) for spring 2020. 

Grant amounts per student ranged from $400 (for students with no EFC on file) to $970 (for students with an EFC of $2,500 or less). The table below shows how the College's $311,518 in CARES Act funding would be allocated to eligible students, and how many of those students were enrolled for each EFC range:

EFC Range # of Students Enrolled, Spring 2020 CARES Grant Amount, Per Student Total Amount
$0-$2,500 136 $970 $131,920
$2,501-$5,576 39 $900 $35,100
$5,577-$15,000 81 $800 $64,800
$15,001 and up 106 $650 $68,900
No EFC on file 8 $400 $3,200
Reserved for appeals n/a n/a $7,598
TOTAL 370   $311,518

How CARES ACT Funds WERE Distributed

The table below shows the amount of months that have been distributed by each date listed. 

Amount Distributed As Of ... Amount # of Students Percentage of Student Body %
5/30/2020 $156,540.00 184 50%
6/30/2020 $28,680.00 36 10%
7/30/2020 $1,300.00 2 1%
8/30/2020 n/a 0 n/a
9/30/2020 $2,900.00 4 1%
10/31/2020 $650.00 1 0.1%
11/30/2020  $112,180.00 141 38%
11/30/2020 (appeals) $3,350.00 4  
12/31/2020 (appeals) $500.00 1  
1/31/2021 $1,000.00 2  n/a
2/28/2021 $0 n/a  n/a
3/31/2021 $0 n/a  n/a
4/30/2021 $4,418.00 3  n/a
# of students who declined funding n/a 3 0.1%
TOTAL $311,518.00 376 (not including 3 who declined and 5 appeals) 100%

CRRSAA Funding (HEERF II)

HOW ELIGIBILITY FOR CRRSAA PAYMENTS WAS CALCULATED

 

EFC Range # of Students Enrolled, 2020-21 Year CRRSAA Grant Amount, Per Student Total Amount
$0 70 $1,500 $105,000
$1 - $5,800 88 $1,300 $109,968
$5,801 - $15,000 55 $900 $49,500
$15,001 - $49,500 58 $650 $37,700
$49,501 and up 12 $500 $6,000
No FAFSA on file 5 $250 $1,250
Part-time Students 4 $300 to $700 $2,100
TOTAL 292   $311,518

HOW CRRSAA FUNDS WERE DISTRIBUTED

The table below shows the amount of months that have been distributed by each date listed. 

Amount Distributed As Of ... Amount # of Students
4/15/2021 $105,450 92
4/20/2021 $206,068 200
TOTAL $311,518 292

ARP Funding (HEERF III)

HOW ELIGIBILITY FOR ARP PAYMENTS WAS CALCULATED

 

EFC Range # of Students Enrolled, Spring 2021 and Fall 2021 ARP Grant Amount, Per Student Total Amount
$0 114 $3,025 $344,850
$1 - $5,711 125 $2,600 $325,000
$5,712 - $15,000 82 $1,325 $108,650
$15,001 - $50,000 96 $950 $91,200
$50,001 and up 22 $650 $14,300
No FAFSA on file 14 $290 $4,060
Part-time Students 3 $40 to $915 $1,005
TOTAL 456   $889,065

HOW ARP FUNDS WERE DISTRIBUTED

The table below shows the amount of months that have been distributed by each date listed. 

Amount Distributed As Of ... Amount # of Students
11/30/2021 $228,241 126
12/6/2021 $218,332.25 101
12/8/2021 $263,798.50 139
12/9/2021 $128,900 74
Amount applied fully/partially to tuition account* $49,793.25 16
TOTAL $889,065 456

* Of this amount, $42,075.00 represents 16 students who requested full distribution directly to their tuition account, and $7,718.25 represented 8 students who requested partial distribution to their tuition account. 

QUARTERLY BUDGET AND EXPENDITURE REPORTING

Per federal government regulations, all institutions of higher education that received Higher Education Emergency Relief Fund (HEERF) distributions from the federal government via the CARES Act are required to post quarterly updates regarding budget and expenditure reporting. The first report, dated Sept. 30, 2020, covers the period from the initial HEERF I grant award — i.e., the "institutional portion" under Sections 18004(a)(1), (a)(2) and (a)(3) of the CARES Act — from spring 2020 through Sept. 30, 2020.

Subsequent updates, which report on both HEERF I and HEERF II fund distribution, cover each subsequent three-month calendar quarter through September 2022 or when the College has expended and liquidated all HEERF funds, whichever comes first.

CARES ACT (HEERF I) + CRRSAA (HEERF II) COMBINED

American rescue plan (HEERF III)

Need More Information?

For more information on CARES Act reporting, please contact our business office at accounting@wells.edu.


Page last updated Jan. 6, 2022.

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