CARES Act

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, will be receiving a total of $2,892,306 and SAE Expression College (OPEID 03973300) will be receiving 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.  The estimated total number of students eligible to receive the Student Portion for SAE Institute of Technology is 1261.  The total number of students who have received the grant is 1197.  As of September 16, 2020, $1,316,700 has been distributed to students.  

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 209.  As of September 16, 2020, $334,400 has been distributed to students. 

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.  These funds are to be used for expenses related to the disruption of campus operations due to coronavirus.  Active, eligible students who have not received a first disbursement are eligible to receive $1100 and must be actively participating in courses the week of August 3, 2020 and the week of August 17, 2020. If any funds are remaining, there will be an emergency grant fund established for which any eligible student could apply. 

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. If any funds are remaining, there will be an emergency grant fund established for which any eligible student could apply

Students not eligible to participate in Title IV programs are not eligible for the HEERF distribution.  Any funds left over will be put into a student emergency relief fund which all eligible active students will have the ability to apply for to be used for expenses related to the disruption of campus operations due to coronavirus.

The funds will be distributed to students in the form of a debit card from Bank of America and distributed to students at the campus, practicing social distancing. Debit cards will be picked up at the campus by each student while practicing social distancing. Each student will sign the Student Higher Education Emergency Grant Acknowledgement of Receipt of Funds Form and will need to show a valid id.  Students must be active at the time of debit card distribution.  Students will have 30 calendar days from the first day the cards are available to pick up the card.  Any funds leftover from debit cards that were not picked up within 30 days of notification will be put into a student emergency relief fund which all eligible students will have the ability to apply for to be used for expenses related to the disruption of campus operations due to coronavirus.

 

HEERF Institutional Grant 

SAE Expression College HEERF Quarterly Reporting

SAE Institute of Technology HEERF Quarterly Reporting