CARES Act/Higher Education Emergency Relief Fund

CARES Act/Higher Education Emergency Relief Fund - Student Aid:

Updated 1/9/2024

The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides funding to institutions to provide emergency financial aid grants to students whose lives have been disrupted, many of whom are facing financial challenges and struggling to make ends meet.

Louisburg College has signed and returned to the Treasury Department the Certification and Agreement along with the assurance that the institution has used, or intends to use, the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.

We will receive or have received $3,172,333 from the Treasury Department according to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students. There were approximately 395 Louisburg College students eligible to receive funds.

As of December 31, 2023, we have distributed $3,029,979 of the Emergency Financial Aid Grants to students under the CRRSAA and ARP (a)(1) and (a)(4); as of the date of submission, 1,716 Emergency Financial Aid Grants have been distributed.

To receive funds from the CRRSAA and ARP programs Louisburg College must have enrolled the students at, on, or after March 13, 2020. The award was formula-based using EFC need and awarded institutional aid. The college used the system to determine the amount of Emergency Financial Aid Grants under the CRRSAA and ARP (a)(1) and (a)(4) programs. Louisburg College also retained a portion of the aid to award students in emergency circumstances.

HEERF I
Total Student Portion of Cares Funding			$671,352
CARES Act / Higher Education Emergency Relief Fund Distribution
Attended Both Fall 2019 & Spring 2020 semesters:
Estimated Family Contribution	CARES Act Amount	Number of Students	Total Amount Awarded
$0-$9999	$1,500	339	$508,500
$10,000-29999	$1,000	50	$50,000
Over $30,000	$750	21	$15,750
		410	$574,250
Attended spring 2020 semester only:
Estimated Family Contribution	CARES Act Amount	Number of Students	Total Amount Awarded
$0-$9999	$1,200	30	$36,000
$10,000-29999	$800	2	$1,600
Over $30,000	$600	3	$1,200
		35	$38,800
Total		445	$610,550
Amount to be Award via Application			$60,802

HEERF II
Total Student Portion of Cares Funding			$671,352
EFC Range	Grant Amounts	# of Students	Total Amount
$0 - $1,999	$2,100	227	$476,700
$2,000 - $3,999	$2,000	36	$72,000
$4,000 - $5,699	$1,800	13	$23,400
$10,000 - $19,999	$1,000	33	$33,000
$5,700 - $9,999	$1,600	21	$33,600
$20,000 - $40,000	$800	25	$20,000
$40,000+	$500	15	$7,500
		370	$666,200
No FAFSA	$500	11	$5,500
Total		381	$671,700
International	$0	7	$0

HEERF III Distribution - Fall 2021
EFC	Grant Amount	# of Students	Total Amount
$0	$2,500	193	$482,500
$1 - $4,999	$2,300	100	$230,000
$5,000 - $9,999	$2,100	35	$73,500
$10,000 - $19,999	$1,500	16	$24,000
$0-$20K EFC & Inst Aid > $9K	$1,000	59	$59,000
$20,000 - $40,000	$800	29	$23,200
$40,000+	$500	27	$13,500
		459	$905,700
No FAFSA	$500	15	$7,500
International	$300	5	$1,500
Part-Time	Varies	12	$6,675
		491	$921,375

HEERF III Distribution - Spring 2022
EFC	Grant Amount	# of Students	Total Amount
$0	$2,500	168	$420,000
$1 - $4,999	$2,300	85	$195,500
$5,000 - $9,999	$2,100	26	$54,600
$10,000 - $19,999	$1,500	13	$19,500
$0-$20K EFC & Inst Aid > $9K	$1,000	35	$35,000
$20,000 - $40,000	$800	20	$16,000
$40,000+	$500	22	$11,000

No FAFSA	$500	12	$6,000
International	$500	1	$500
Part-Time	Varies	13	$7,800
Total Disbursed to Students		395	$765,900