Hamrick School has signed and returned to the Department of Education the Certification and Agreement. 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 to provide Emergency Financial Aid Grants to students.
Hamrick School received $47,966 in CARES Act Emergency Financial Aid Grant Funding for students.
As of May 26, 2020, Hamrick School has disbursed $47,966 in CARES Act Emergency Financial Aid Grant to students. Under Section 18004(a)(1) of the CARES Act, students thus far have received awards in the amount of $1,731 per person.
A total of 28 students were or could be eligible to participate in the Federal student financial aid programs under Section 484 of the Higher Education Act of 1965 as amended, and thus were or could be eligible to receive Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
Number of Students Receiving Emergency Financial Aid Grant
A total of 28 students received an Emergency Financial Aid Grant to Students under Section 18004(a)(1) of the CARES Act as of May 26, 2020.
Methodology of Distribution
The school employed the following methodology in determining which students received Emergency Financial Aid Grants and how much each would receive.
- The school determined that each affected student was delayed in their completion date from the March 23 school closing until May 4 reopening.
- The school determined that therefore each student incurred additional costs of attendance to completion of their program for a period of 42 days.
- The school utilized its Cost of Attendance as reported on its most recent IPED’s report to determine that the additional cost of attendance for 42 days would be $2,628.
- Since the funds received by the school would not completely cover these additional expenses for all students, the funds were divided equally among the 28 eligible students.
School has returned to its full operational schedule as of 5/4/20 and therefore students who enrolled at the school after that date are not eligible for CARES Act Emergency Financial Aid Grant.
**This report is final since a 100 percent of funds was distributed to students as of 5/26/20.