CARES Act First Report (October 2020)

This statement provides information to comply with reporting requirements for Alvernia University’s participation in the CARES Act Higher Education Emergency Relief Fund(HEERF).

On April 9, 2020, in a letter from Secretary of Education Betsy DeVos, Alvernia learned that the university would receive an allocation from the HEERF program of $1,983,784 of which no less than $991,982 must be distributed to eligible students in the form of emergency grants related to disruption of instruction due to the Covid-19 pandemic.

On April 10, 2020, Alvernia submitted the required grant documents for the first part of the HEERF funds for student emergency grants. Alvernia submitted the required certification document at that time.

On April 22, 2020, Alvernia submitted the required grant documents for the second part of the HEERF funds for institutional grants. Alvernia submitted the required certification document at that time.

On April 28, 2020, Alvernia received notice that the HEERF emergency student funds grant of $991,892 was approved and ready for drawdown in the G5 system.

On May 1, 2020, Alvernia President John R. Loyack issued a notice to all students concerning the availability of the emergency grants and the eligibility requirements. Alvernia opened a website portal to enable students to apply for the grants.

On May 5, 2020, Alvernia drew down $991,892 in HEERF emergency student grant funds from the G5 system.

On May 6, 2020, Alvernia disbursed 823 grants totaling $1,008,175 to eligible students. The average grant size was $1,225 and was delivered to Title IV eligible residential students. The total amount meets the 50% minimum required for the HEERF grants. 

On May 7, 2020, Alvernia received notice that the HEERF institutional grant portion of $991,892 was approved and available for drawdown.

On May 8, 2020, Alvernia made a second set of awards via a student account credit of $1,225 for outstanding balances or as a credit to Summer 2020 or Fall 2020 charges. This brings the total of CARES act funding awarded to students to $1,983,784. 

On May 11, 2020, Alvernia drew down $991,892 in HEERF institutional grant funds from the G5 system.

On May 15, 2020, Alvernia awarded $99,360 in awards funding to 48 graduating students from the Federal Supplemental Educational Opportunity Grants (SEOG).

Alvernia estimates that 2,052 Title IV eligible students are enrolled in Spring 2020; the number is based on the number of students who filed a FAFSA for Spring 2020.

Alvernia has also disbursed $32,566 in emergency grants to 13 students from privately funded sources. These grants were awarded to students who are ineligible for the federal grants, allocated in the same proportions.

Hence, in total as of May 29, 2020, Alvernia has disbursed $2,115,710 to 871 students (823 CARES eligible + 48 others).