CARES ACT

Stacey James Institute

16534 Keystone Blvd.

Parker, CO 80134

Higher Education Emergency Relief Funds

Emergency Financial Aid Grants to Students

Stacey James Institute acknowledges that the institution signed and returned to the Department the Certification and Agreement and the assurance that 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.

$29085.00 is the total amount of funds that the Institution has received from the Department pursuant to the Institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.

Stacey James Institute was also given $29,085.00 to the Institution for institutional cost.

WHO: The institution determined that all students were equally affected by the pandemic, since all education was campus based. The method used by the institution to determine which students should receive Emergency Financial Aid Grants was calculated by the total amount of funds available to students divided by the number of eligible students. Based on this calculation each student could receive up to $382.69 under the CARES Act.

Guidance to Students: The money will be made available to ALL active eligible students, regardless of previously qualifying for Financial Aid, that have incurred cost related to the disruption of campus operations due to the Coronavirus Pandemic. To be eligible for these funds, you will have to have completed a current year FAFSA, or complete one before submitting your request for reimbursement of those costs related to the disruption of campus operations due to the Coronavirus Pandemic. Please submit the request form completed with your current address. The completed form should be sent to patty@staceyjamesinstitute.com

CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19. One section of the CARES Act established the Higher Education Emergency Relief fund and sent money to schools to use for emergency financial aid grants to students for expenses related to the disruption of campus operations due to the pandemic.

Request for Emergency Aid

Student Name:_________________________________________________________________________

Mailing Address:_______________________________________________________________________

City, State, Zip Code:____________________________________________________________________

Phone Number:________________________________________________________________________

Date:___________________________________

I,______________________________________, am requesting and emergency financial aid grant, CARES Act in the amount of $_______________ for expenses related to the disruption of campus operations due to the Coronavirus Pandemic. I certify that monies provide to me will be used for food, housing, course materials, educated related technology, health care and child care.

I also acknowledge that I can only submit this request once.

Student Signature:______________________________________________________________________

FAQ’s

Q: What is the CARES Emergency Grant?

A: The United States Government has allocated funds to Stacey James Institute for us to help our students who have an emergency situation due to the COVID-19 pandemic and the transition to going to school online:
These items could be the cost of food and housing due to a loss of income, needing to overcome technology challenges to be able to continue school online, childcare challenges due to school being out of school for the remainder of the year, or other situations due to the pandemic.

Q: Am I eligible to receive an Emergency grant?

A: You must be eligible for Title IV Financial Aid.
If you completed a FAFSA and have received a Pell grant and/or a Direct student loan, you are likely eligible for this grant.
If you have not completed a FAFSA, you still may complete one in order to see if you are eligible.
If you complete a FAFSA or have completed a FAFSA and are ineligible for Title IV aid, you will not be eligible for this grant.

Q: Do I have to be PELL Grant eligible to be qualify for the Cares Emergency Grant?

A: No. You can be eligible for the Cares Emergency Grant even if you are not PELL Grant eligible.

Q: How do I apply for this grant?

A: Contact the Director or Financial Aid.

Q: When will these funds be available?

A: These funds will become available approximately 10 business days after your application is processed.

Q: How will I know if I will receive the grant and how much it is?

A: You will receive an email letting you know you were approved and the amount.

Q: Are the grant funds taxable income?

A: No, according to the IRS website, this is not included in your gross 2020 income.

Q: Are there fees associated with the grant funds?

A: There is not a fee for receiving the grant funds, however there may be a fee imposed by your bank or retailer when cashing the check.

Q: Do I have to pay these funds back later?

A: No, these funds are considered grant funds and do not need to be repaid.

Q: Can this be applied towards my balance at Stacey James Institute?

A: No, these funds are designated by the U. S. Government to be used by our students for emergency situations caused by COVID-19 and are not to be retained as payment on your account.

Q: Who do I contact if I have additional questions?

A: You may contact the Financial Assistance Department with additional questions by email at patty@staceyjamesinstitute.com.

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