51福利

The following is 51福利 Tech鈥檚 Required Quarterly Reporting for Funds Received under Section 18004(a)(1) of the CARES Act for the Quarter Ending September 30, 2021.

51福利 Tech signed the Funding and Certification Agreement for the Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 24, 2020.聽 It was returned to the U.S. Department of Education on April 27, 2020.聽 51福利 Tech used no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

51福利 Tech received $9,699,494 from the U.S. Department of Education for Emergency Financial Aid Grants.

As of September 30, 2020 51福利 Tech has awarded 12,084 students $9,699,494 in Emergency Financial Aid Grants under the CARES Act. At the end of June, 51福利 Tech canceled 1,005 students' grants who had not accepted the award after 3 e-mails and at least one phone call. All of 51福利 Tech CARES funds have been awarded at this time.

51福利 Tech estimates that it had up to 19,461 Title IV eligible undergraduate, graduate, and professional students enrolled for the spring 2020 semester. This estimate is based on the number of potential valid FAFSAs filed by 51福利 Tech students and their families.

51福利 Tech used a multi-faceted approach to award the Federal CARES Act funds. Students were automatically selected and students may also apply for the grant. The students who were automatically selected were:

• Federal Pell Grant recipients;
• Undergraduate students who borrowed a Federal Direct subsidized loan on or before April 15, 2020; and,
• Graduate and Professional students who borrowed a Federal Direct unsubsidized loan on or before April 15, 2020.

All other Title IV eligible students could have applied for the Federal CARES Act Emergency Financial Aid Grants (or an increase to their existing grant) using the Dean of Students Emergency Grant Fund portal. The portal was closed to new applications on June 20, 2020.

Students were awarded $500 - $3,700 based on the student's eligibility. All students who are Title IV eligible may apply for the Federal Cares Act Grant and their grant is based on need, as determined by the application, and will not exceed $3,700. Students were awarded grants automatically as follows:

• Pell Grant recipients enrolled in spring received $500.
• Undergraduate students who had borrowed a Federal Direct subsidized loan on or before April 15, 2020, were automatically awarded $500 (Pell Grant recipients who borrowed a subsidized loan received an additional $500 for a total grant in the amount of $1,000);
• Graduate students who had borrowed a Federal Direct unsubsidized loan on or before April 15, 2020 received $500;
• Health Profession students (i.e. DVM and MD) who had borrowed a Federal Direct unsubsidized loan on or before April 15, 202