HEERF

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law.  Included in the CARES Act is the Higher Education Emergency Relief Fund (HEERF), which are funds to be distributed to institutions of higher education. A minimum of 50% of the funds are to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare and childcare (the “Student Portion”). In addition, up to 50% of the funds may be used by SAE Institute of Technology and SAE Expression College to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus  so long as such costs do not include payment to contractors for the provision of pre-enrollment recruitment activities, including marketing and advertising; endowments; or capital outlays associated with facilities related to athletics, sectarian instruction, or religious worship (the “Institutional Portion”). 

SAE Institute of Technology (OPEID 03830300), which includes Atlanta, Chicago, Miami, Nashville and New York, received a total of $2,892,306 and SAE Expression College (OPEID 03973300) received a total of $875,264, under the HEERF.  No less than 50% of those funds will be distributed to eligible students.  SAE Institute of Technology has signed and returned the Funding Certification and Agreement for the Student Portion of HEERF.  SAE Expression College has signed and returned the Funding Certification and Agreement for the Student Portion of HEERF.  The funds are distributed by OPEID by the U.S. Department of Education (“ED”) using the Department’s G5 system.  

On April 27, 2020, SAE Institute of Technology received the Student Portion of the HEERF.  

SAE Institute of Technology distributed $1100 to each student with expenses related to the disruption of campus operations due to coronavirus who are participating in courses actively as of May 20, 2020 and at the time of distribution of the funds.  SAE Institute of Technology had a second disbursement for any active, eligible student who did not receive funds during the first disbursement and were actively participating in classes the week of August 3, 2020 and the week of August 17, 2020.  These funds are to be used for expenses related to the disruption of campus operations due to coronavirus.  

The estimated total number of students eligible to receive the Student Portion for SAE Institute of Technology is 1355.  The total number of students who have received the grant is 1190.  As of December 1, 2020, $1,321,100 has been distributed to students.  The remaining balance of $125,053 was applied to an emergency grant fund.  

Students interested in receiving the emergency grant fund completed the CARES HEERF Emergency Student Grant Application.  The completed application was received by January 15, 2021.  The CARES HEERF Emergency Student Grant Committee consisted of the Chief Academic and Compliance Officer, Associate Dean of Academics, Associate Dean of Career Services and the Manager of Compliance and Academics.  The committee reviewed each application and determined the funds to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare and childcare.  There were 127 active students who each received $1317 award from the emergency grant.  

In summary, SAE Institute of Technology (OPEID 03830300), which includes Atlanta, Chicago, Miami, Nashville and New York, received a total of $2,892,306 under the CARES Act Higher Education Emergency Relief Fund (HEERF).  No less than 50% of those funds were required to be distributed to eligible students, which totaled $1,446,153.  SAE Institute of Technology distributed $1,487,259 of the grant, which represents 51.4% of the total funds that were received.

On June 9, 2020, SAE Expression College received the Student Portion of the HEERF.  The estimated total number of student eligible to receive the Student Portion for SAE Expression College is 231.  The total number of students who have received the grant is 211.  As of December 1, 2020, $337,600 has been distributed to students.

SAE Expression College distributed $1600 to each student with expenses related to the disruption of campus operations due to coronavirus who are participating in courses actively as of June 15, 2020 and at the time of distribution of the funds.  Active, eligible students who did not receive the first disbursement are eligible to receive $1600 and must be actively participating in courses the week of August 3, 2020 and the week of August 17, 2020. The remaining balance of $100,032 was been applied to an emergency grant fund.

Students interested in receiving the emergency grant fund completed the CARES HEERF Emergency Student Grant Application.  The completed application was received by January 15, 2021.  The CARES HEERF Emergency Student Grant Committee consisted of the Chief Academic and Compliance Officer, Associate Dean of Academics, Associate Dean of Career Services and the Manager of Compliance and Academics.  The committee reviewed each application and determined the funds to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare and childcare.  There were 26 active students who each received $4,039 award from the emergency grant.  

In summary, SAE Expression College (OPEID 03973300), received a total of $875,264 under the CARES Act Higher Education Emergency Relief Fund (HEERF).  No less than 50% of those funds were required to be distributed to eligible students, which totaled $437,632.  SAE Expression College distributed $442,614 of the grant, which represents 50.5% of the total funds that were received.

The Higher Education Emergency Relief Fund II (HEERF II) is authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law by President Donald J. Trump on Dec. 27, 2020. In total, the CRRSAA authorizes $81.88 billion in support for education, in addition to the $30.75 billion former Secretary DeVos expeditiously provided last spring through the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, Public Law 116-136.  

Under section 314(c)(3) of the CRRSAA, SAE Institute must make financial aid grants to students (including students exclusively enrolled in distance education), which may be used for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care.  

SAE Institute acknowledges that it retains discretion to determine the amount and availability of each individual financial aid grant consistent with all applicable laws, including nondiscrimination laws. SAE Institute further acknowledges that under section 314(c)(3), it must prioritize grants to students with exceptional need, such as students who receive Pell Grants. However, students do not need to be Pell recipients or students who are eligible for Pell grants in order to receive a financial aid grant

SAE Institute acknowledges that it may not condition the receipt of such a financial aid grant on continued or future enrollment with SAE Institute. SAE Institute also acknowledges that it may not require a student to consent to the application of the financial aid grant to the student’s outstanding account balance with SAE Institute as a condition of receipt of or eligibility for the financial aid grant. 

SAE Institute acknowledges that the Secretary of Education recommends (a) the maximum Federal Pell Grant for the applicable award year as an appropriate maximum amount for a student’s financial aid grant in most cases, and (b) that the Recipient should consider each student’s particular socioeconomic circumstances in the administration of these grants. 

The funds are distributed by OPEID by the U.S. Department of Education (“ED”) using the Department’s G5 system. SAE Institute of Technology’s OPEID, which includes Atlanta, Chicago, Miami, Nashville, and New York, received $2,001,994 and SAE Expression College’s OPEID received $653,716, as determined by the CRRSAA, to be used for the HEERF 2.

The first distribution of the funds will be to each active student who has been identified with a 0 Estimated Family Contribution (EFC) as determined by the 2020-2021 Free Application for Federal Student Aid (FAFSA).  The second distribution will take place to those active students with a 1-5711 EFC as determined by the 2020-2021 FAFSA .  The third distribution will be distributed to the active students with a 5712-9999 EFC as determined by the 2020-2021 FAFSA. The remaining funds will be evenly distributed to the active students with a 0-9999 EFC as determined by the 2020-2021 FAFSA.

For the SAE Institute of Technology’s OPEID in Atlanta, Chicago, Miami, Nashville and New York, the first distribution will be in the amount of $2750 for each active student who has been identified with a 0 EFC as determined by the 2020-2021 FAFSA. The second distribution to SAE Institute of Technology’s students in Atlanta, Chicago, Miami, Nashville and New York will be in the amount of $1500 for each active student with a 1-5711 EFC as determined by the 2020-2021 FAFSA . The third disbursement will be in the amount of $1400 and will be distributed to active students at the SAE Institute of Technology in Atlanta, Chicago, Miami, Nashville and New York with a 5712-9999 EFC as determined by the 2020-2021. FAFSA. The remaining funds will be evenly distributed to active students in the amount of $140.47 at the SAE Institute of Technology in Atlanta, Chicago, Miami, Nashville and New York with a 0-9999 EFC as determined by the 2020-202 FAFSA.

For SAE Expression College OPEID the first distribution will be in the amount of $4,250 for each active student who has been identified with a 0 EFC as determined by the 2020-2021 FAFSA.  The second distribution to SAE Expression College’s students will be in the amount of $3,000 for each active student with a 1-5711 EFC as determined by the 2020-2021 FAFSA. The third distribution to SAE Expression College’s students will be in the amount of $2,000 for each active student with a 5711-9999 EFC as determined by the 2020-2021 FAFSA.  The remaining funds will be evenly distributed in the amount of $267 to active students with a 0-9999 EFC as determined by the 2020-2021 FAFSA.

Students who are eligible will be sent an electronic acknowledgement form to be completed and submitted within 3 days.  The eligible student must electronically sign the form in order to receive the funds. No student will receive the funds prior to signing the document. A copy of the completed document will be automatically emailed to the student via DocuSign. There will be no exceptions to the deadlines.

The Director of Finance will forward the completed list of all students who will be receiving the funds to Bank of America so they can create a debit card for each student. Any SAE Institute and SAE Expression College eligible student who has not submitted the completed acknowledgment form by the due date will not be eligible for the funds. 

Bank of America will forward the debit cards to each campus for distribution to the students.   Students will be notified by the Campus Director when to pick up the debit cards at the school.  Each student will sign the SHEERF 2 Grant Acknowledgement of Receipt of Funds Form, as well as the SAE employee distributing the card. The debit card must be picked up on campus by the student within the timeline provided by the Campus Director.  There will be no exceptions. 

Students must activate the card the day the card is picked up order for the money to be transferred. Any student who does not activate their cards timely will not receive the funds. The funds will be transferred onto the debit card two days after the last day to pick up the cards.  Any debit cards that are not picked up in the time provided by the Campus Director will be deactivated. Those funds will be added back to the funds to be distributed for the third disbursement.

Between June 4, 2021 and July 7, 2021, the SAE Institute of Technology OPEID distributed the entire HEERF 2 grant of $2,001,994 to active students with an EFC between 0-9999 who followed the process outlined above.  Between June 4, 2021 and July 7, 2021, the SAE Expression College OPEID distributed the entire HEERF 2 grant of $653,716 to active students with an EFC between 0-9999 who followed the process outlined above.

 

HEERF Institutional Grant 

SAE Expression College HEERF Quarter 1 Report 10-30-20

SAE Institute of Technology HEERF Quarter 1 Report 10-30-20

SAE Expression College HEERF Quarter 2 Report 1-8-21

SAE Institute of Technology HEERF Quarter 2 Report 1-8-21

SAE Expression College HEERF Quarter 3 Report 3-31-21

SAE Institute of Technology HEERF Quarter 3 Report 3-31-21