COVID-19 Resources & Information

CARES Act/Higher Education Emergency Relief Fund - Student Aid:

Updated 4/7/2022

The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides
funding to institutions to provide emergency financial aid grants to students whose lives
have been disrupted, many of whom are facing financial challenges and struggling to make ends meet.

Louisburg College has signed and returned to the Treasury Department the Certification and Agreement along with the assurance that the institution has used, or intends to use, the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.

We will receive or have received $3,172,333 from the Treasury Department according to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students. There are approximately 393 Louisburg College students eligible to receive funds.

As of March 31, 2022 we have distributed $2,264,079 of the Emergency Financial Aid Grants to students under the CRRSAA and ARP (a)(1) and (a)(4); as of the date of submission, 1,321 Emergency Financial Aid Grants have been distributed.

To receive funds from the CRRSAA and ARP programs Louisburg College must have enrolled the students at, on, or after March 13, 2020. The award was formula-based using EFC need and awarded institutional aid. The college used the system to determine the amount of Emergency Financial Aid Grants under the CRRSAA and ARP (a)(1) and (a)(4) programs. Louisburg College also retained a portion of the aid to award students in emergency circumstances.

 

HEERF I

 

 

 

 

Total Student Portion of Cares Funding

$671,352

 

CARES Act / Higher Education Emergency Relief Fund Distribution

Attended Both Fall 2019 & Spring 2020 semesters:

 

Estimated Family Contribution

CARES Act Amount

Number of Students

Total Amount Awarded

 

$0-$9999

$1,500

339

$508,500

 

$10,000-29999

$1,000

50

$50,000

 

Over $30,000

$750

21

$15,750

 

 

 

410

$574,250

 

Attended spring 2020 semester only:

 

 

 

 

Estimated Family Contribution

CARES Act Amount

Number of Students

Total Amount Awarded

 

$0-$9999

$1,200

30

$36,000

 

$10,000-29999

$800

2

$1,600

 

Over $30,000

$600

3

$1,200

 

 

 

35

$38,800

 

Total

 

445

$610,550

 

Amount to be Award via Application

 

 

$60,802

 

       

 

HEERF II

 

 

 

 

Total Student Portion of Cares Funding 

$671,352

 

EFC Range

Grant Amounts

# of Students

Total Amount

 

$0 - $1,999

$2,100

227

$476,700

 

$2,000 - $3,999

$2,000

36

$72,000

 

$4,000 - $5,699

$1,800

13

$23,400

 

$10,000 - $19,999

$1,000

33

$33,000

 

$5,700 - $9,999

$1,600

21

$33,600

 

$20,000 - $40,000

$800

25

$20,000

 

$40,000+

$500

15

$7,500

 

 

 

370

$666,200

 

No FAFSA

$500

11

$5,500

 

Total

 

381

$671,700

 

International

$0

7

$0

 

 

 

HEERF III Distribution - Fall 2021

     

EFC

Grant Amount

# of Students

Total Amount

$0

$2,500

193

$482,500

$1 - $4,999

$2,300

100

$230,000

$5,000 - $9,999

$2,100

35

$73,500

$10,000 - $19,999

$1,500

16

$24,000

$0-$20K EFC & Inst Aid > $9K

$1,000

59

$59,000

$20,000 - $40,000

$800

29

$23,200

$40,000+

$500

27

$13,500

   

459

$905,700

No FAFSA

$500

15

$7,500

International

$300

5

$1,500

Part-Time

Varies

12

$6,675

   

491

$921,375

       
       

Total HEERF III Funds Allocated to College:

 

$1,829,629

 

Remaining HEERF Funds:

 

$908,254

 

 

Current students can fill out an application form through their student Dynamic Forms account.  This is the link is available through the Financial Services office. Please contact FinAid@louisburg.edu for the link to the most recent available funds.

See link below for additional information and resources:
FAQs: Higher Ed. Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act

 

 

CARES ACT Reports

 

2020 Quarter 3

2020 QUARtEr 3 Institutional Portion

2020 Quarter 3 Student Portion

2020 Quarter 4

2020 QUARTER 4 Institutional Portion

2020 Quarter 4 Student Portion 

2021 Quarter 1

2021 Quarter 1 Institutional Portion

2021 Quarter 1 STudent Portion 

2021 Quarter 2

2021 Quarter 2 Institutional Portion

2021 Quarter 2 Student Portion

2021 Quarter 3

2021 Quarter 3 Institutional Portion

2021 Quarter 3 Student Portion

2021 Quarter 4

2021 Quarter 4 Institutional Portion

2021 Quarter 4 Student Portion

2022 Quarter 1

2022 Quarter 1 Institutional Portion

2022 Quarter 1 Student Portion

 

 

ADDITIONAL REPORTING REQUIREMENTS AS OF JULY 09, 2020

COVID Fund HEERF III Acceptance Form

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