KEHILATH YAKOV RABBNICAL SEMINARY - RE: Award # P425E205367
– Qtr. Ending 12/31/2021
CARES Act Higher Education Emergency Relief Fund
The CARES Act Higher Education Emergency Relief
Fund-IHE/Student Aid provides funding to institutions to ease the pressing
financial need of students due to the disruption of campus operations from
coronavirus, (including eligible expenses under a students cost of attendance
such as food, housing, course materials, technology, health care, and child
care), pursuant to the authority duly delegated to the Secretary under the
CARES Act and associated with the coronavirus emergency, as stated in
Proclamation 9994 of March 13, 2020, “Declaring a National Emergency Concerning
the Novel Coronavirus Disease (COVID-19).
On December 27, 2020, the President signed the
Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA)
(P.L. 116-260). This new law gives the U.S. Department of Education
(Department) additional funding to distribute for institutions of higher education.
Students cannot apply for assistance directly from the U.S.
Department of Education but should contact their institutions for further
information and guidance.
In order to enable Kehilath Yakov RABBINICAL SEMINARY (KYRS)
being an institution of higher education to provide grants, KYRS was obligated
to submit a Recipient's Funding Certification and Agreement for Emergency
Financial Aid Grants to Students under the Coronavirus Aid, Relief, and
Economic Security (CARES) Act, Section 18004(a)(1) of the CARES Act, which authorizes
the Secretary of Education (“Secretary”) to allocate formula grant funds.
The Certification and Agreement that the institution
signed and returned to the Department did certify that the institution has
used, or intends to use, no less than 50 percent of the funds received under
Section 18004(a)(1) of the CARES Act for the sole purpose to provide Emergency
Financial Aid Grants to students.
The total approved amount of funds that the
institution will receive from the Department pursuant to the institutions submission
of the Certification and Agreement for Emergency Financial Aid Grants to
Students including the additional CRRSAA (HEERF II) and also ARP (HEERF III) funds
totals to $780,078 to provide emergency financial aid grants to students.
The total amount of Emergency
Financial Aid Grants distributed to students under Section 18004(a)(1) of the
CARES Act as of 12/31/2021 totals $451,750.
The estimated total number of
students at the institution 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 are about 159.
The total number of students who have
received an Emergency Financial Aid Grant to students under Section 18004(a)(1)
of the CARES Act are 159.
Specific methods are used by KYRS
to determine which students receive Emergency Financial Aid Grants and how much
they are eligible to get under Section 18004(a)(1) of the CARES Act. First is
to ensure that students receiving grants meet eligibility to receive an
emergency grants. Many other factors were utilized to determine how much, such
as expense budgets, total allocation, and total number of eligible students. KYRS
did disburse funds of between $750 - $ 2500 per student.
Instructions were provided by the
institution to students that the sole and
exclusive purpose of providing emergency financial aid grants are for their
expenses related to the disruption of campus operations due to coronavirus,
such as food, housing, course materials, technology, health care, and