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 1152.  The total number of students who have received the grant is 0.  As of today, no money has been distributed to students. 

On June 9, 20202 SAE Expression College received the Student Higher Education Emergency Relief Fund.  The estimated total number of students eligible to receive the Student Portion for SAE Expression College is 224. The total number of students who have received the grant is 0.

SAE Institute of Technology will distribute $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.  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. SAE Expression College will distribute $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.

Each eligible student at an SAE Institute school will need to complete the Student Higher Education Emergency Relief Fund Form electronically via DocuSignby May 27, 2020.  Each eligible student at an SAE Expression College will need to complete the Student Higher Education Emergency Relief Fund Form electronically via DocuSign by June 19, 2020The eligible student must certify to and electronically sign the form in order to receive the funds. A copy of the completed document will be automatically emailed to the student via DocuSign.

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.