Quarterly Budget and Expenditure Reporting for all HEERF I, II, and Ill grant funds
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A. Eastwick Education Inc 7/5/22 J 30
Institution Name: Date of Report: Covering Quarter Ending: une
PR/Award Number(s): P425E 200 P42SF201P425J P425K P425L P425M P425N P425Q 21P42SS P42ST
Final Report? l!l (Only if you have exhausted ALL HEERF Grants)
Total Amount of Institutional Funds Awarded: Section (a)(1): $ 241,663.1 Section(a)(2): $ 0.00 Section (a)(3): $ 0.00
Total Amount of Student Funds Awarded: Section (a)(1): $ 241,664.01Section (a)(4): $ 352,690.0
1) Please provide a link to your annual report located on the ESF transparency portal so the public can review the full details of your HEERF grant usage over the last calendar year, including methodologies used to award HEERF funds to students, academic success of HEERF recipients, and other details:
https://eastwick.edu/financial-aid
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2) What percentage of students received emergency grants and how much did students receive by student type and fund type? a) How much of your HEERF student funds remain left to be disbursed at the end of the reporting period? _,$'--"0 .0!.":0 -- b) Complete the following table 1
Emergency Financial Aid Grants Awarded to Students this quarter:report only disbursements related to Emergency Financial Aid Grants including using those grants to satisfy outstanding accounts.Any disbursements unrelated to Emergency Financial Aid Grants should not be included in the reported expenditures | |
| | Total students | Undergraduates' | Graduates | |
Number of HEERF Student Recipients- Emergency Grants to Students | How many students received HEERF emergency financial aid grants using (a)(l)Student Aid Portion? | 0 | 0 | 0 | |
Number of HEERF Student Recipients- Emergency Grants to Students | How many students received HEERF emergency financial aid grants using (a)(l) Institutional Portion? | 0 | 0 | 0 | |
HEERF (a)(l) Student Aid Portion Amount Disbursed | What was the amount disbursed directly to students as Emergency Financial Aid Grants this quarter? | $0.00 | $0.00 | $0.00 | |
HEERF (a)(l) Student Aid Portion Amount Disbursed | What was the amount disbursed directly to students as Emergency Financial Aid Grants this quarter? | $0.00 | $0.00 | | |
HEERF (a)(l) Student Aid Portion Amount Disbursed | What was the amount disbursed directly to students as Emergency Financial Aid Grants to date using HEERF? | $241,664.( | $0.00 | $ 241,664.00 | |
1 For the initial report and each report thereafter, institutions should use data suppression or other statistical methodologies to protect the personally identifiable information from student education records consistent with the Family Educational Rights and Privacy Act (20 U.S.C. 1232g; 34 CFR part 99) and any applicable state laws. For this report when the total number of students who received HEERF emergency financial aid grants as undergraduates, graduates, or in total is Jess than 10, but not 0, then the institution should display the total number of students as less than 10 ("<10") on the publicly available websites controlled by the institution. Additionally, IHEs should use complementary suppression to protect values that could be inferred otherwise. For example,if the total student count is equal to 25, the undergraduate amount ·Is equal to 20, and the graduate amount equal to
5, IHEs should report both the undergraduate and graduate amount as'-'. The total student count can remain displayed as is.
2 For students in both undergraduate and graduate categories, classify as a graduate student.
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| What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balance upon receiving affirmative written consent from students to do so? If funds were not used for this purpose, report $0. Include only amounts that benefited students who did directly receive Emergency Financial Aid Grants. | $0.00 | $0.00 | $0.00 | |
HEERF (a)(l) Institutional Portion Amount Disbursed | What was the amount disbursed directly to students as Emergency Financial Aid Grants? | $0.00 | $0.00 | $0.00 | |
HEERF (a)(l) Institutional Portion Amount Disbursed | What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balances? If funds were not used for this purpose,report $0. Include only amounts that benefited students who did directly receive Emergency Financial Aid Grants. | $0.00 | $0.00 | | |
HEERF (a)(l) Institutional Portion Amount Disbursed | What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balances? If funds were not used for this purpose,report $0. Include only amounts that benefited students who did directly receive Emergency Financial Aid Grants. | $0.00 | $0.00 | $0.00 | |
HEERF (a)(2) Amount Disbursed (HBCUs, TCCUs, MSis, and SIP) | What was the amount disbursed directly to students as Emergency Financial Aid Grants? If funds were not used forthis purpose, report $0. | $0.00 | $0.00 | $0.00 | | |
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| What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balances? If funds were not used for this purpose, report $0. Include only amounts that benefited students who did directly receive Emergency Financial Aid Grants. | $0.00 | $0.00 | $0.00 |
HEERF (a)(3) Amount Disbursed (FIPSE & SAIHE & SSARP)' | What was the amount disbursed directly to students as Emergency Financial Aid Grants? If funds were not used for this purpose,report $0. | $0.00 | $0.00 | $0.00 |
HEERF (a)(3) Amount Disbursed (FIPSE & SAIHE & SSARP)' | What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balances? If funds were not used for this purpose, report $0. Include only amounts that benefited students who did directly receive Emergency Financial Aid Grants. | $0.00 | $0.00 | $0.00 |
HEERF (a)(4) Amount Disbursed (Proprietary Institutions Grant Funds for Students) | What was the amount disbursed directly to students as Emergency Financial Aid Grants? If funds were not used for this purpose, report $0. | $ 128,624.1 | $ 128,624.00 | $0.00 |
HEERF (a)(4) Amount Disbursed (Proprietary Institutions Grant Funds for Students) | What was the amount of Emergency Financial Aid Grants applied to satisfy student's outstanding account balance | $0.00 | $0.00 | $0.00 |
3 Do NOT include funds from the Institutional Resilience and Expanded Postsecondary Opportunity (IRE PO) funds as part of this annual performance report.
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| upon receiving affirmative written consent from students to do so? lffunds were not used for this purpose, report $0. | | | |
HEERF Amount of Grants Disbursed | What was the amount of grants disbursed to students through all HEERF funds? | $594,354.1 | $ 128,624.00 | $ 465,730.00 |
Average HEERF Amount Awarded | Among students who received HEERF emergency financial aid grants, what was the average award amount per student? | $ 1,590.00 | $ 1,590.00 | $ 1,590.00 |
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3) Institutional expenditures
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a) Has your institution designated HEERF program funds for a specific purpose or budget objective in future quarters (for example, operation and maintenance of plant, academic programs, residential programs, future institutional aid)? -'-N-"0=-----:-:--
i) If no,are HEERF program funds being held in the institution's general fund for use as needed? -'N_,_o --
1.1. If no HEERF program funds are being held in the institution's general fund, explain your institution's approach (1,000 characters maximum):
institutional funds were received only through one grant and then fully expended and never used for
student aid
ii) If yes, provide the amount designated for a specific purpose or budget objective by calendar year and HEERF program fund:
HEERF program fund | Calendar year 2022 | Calendar year 2023 | Calendar year 2024 | |
(a)(l)Institutional Portion | $0.00 | $0.00 | $0.00 | | |
(a)(2) HBCUs,TCCUs, MSis, SIP | $0.00 | $0.00 | $0.00 | | |
(a)(3) FIPSE, SAlHE, and | SSARP | $0.00 | | $0.00 | $0.00 | |
b) Provide the total amount of HEERF funds expended during the reporting period on each of the following categories:
Category | Amount in (a)(l) institutional dollars | Amount in (a)(2) dollars,if applicable | Amount in (a)(3) dollars,if applicable | Explanatory Notes . |
Providing additional emergency financial aid grants to students.4 | $0.00 | $0.00 | $0.00 | |
Covering student outstanding account balances for costs such as debt forgiveness, room, board, tuition,or fees. | $0.00 | $0.00 | $0.00 | |
Covering student outstanding account balances for costs such as debt forgiveness, room, board, tuition,or fees. | $0.00 | $0.00 | $0.00 | |
Indirect cost re on the grants. | covery/facilities and administrative costs charged | $0.00 | $0.00 | $0.0 | 0 | |
4 To support expenses related to the disruption f campus operations due to coronavirus consistent with applicable law. This includes eligible expenses under a student's cost of attendance under CARES Act Section 18004(c), or any component of a 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 childcare,per Section 314(c) of the Coronavirus Response and Relief Supplemental Appropriations Act,2021(CRRSAA), and Section 2003 of the American Rescue Plan Act of 2021(ARP).
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5 The Consolidated Appropriations Act, 2022 (P.L. 117-103), signed into law by President Biden on March 15, 2022, expanded the allowable uses of funds for IHEs that received funds under the HEERF (a)(2) programs (ALN 84.425J;T84.425K; 84.425L; 84.42SM). Specifically,IHEs that received HEERF (a)(2) grant funds now may expend them on the acquisition of real property, renovations, or construction related to preventing, preparing for, and responding to the coronavirus. Before commencing any renovations,
construction, or real property projects supported by HEERF (a)(2) grant funds, grantees must receive approval for the project from the Department.
6 Including funding to cover the cost of vaccine distribution.
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1 Total of Quarterly Expenditures 1$301.00 I
7 Note: Section 2003(5}(8) of the American Rescue Plan (ARP) requires that an institution use a portion of funds received under such Act to conduct direct outreach to financial aid applicants about the opportunity to receive a financial aid adjustment due to the recent unemployment of a family member or independent student, or other circumstances, described in section 479A of the Higher Education Act of 1965 (20 U.S.C. 1087tt). Institutions do not need to report an expense under this category every quarter but must do so at least once during the life of their HEERF grants. Please see the HEERF ARP FAQs for more information.
8 Please include funding provided to cover the cost of vaccine distribution in this line. Note: Section 2003(5)(A) of the ARP requires that an institution use a portion of funds received under such act to implement evidence-based practices to monitor and suppress caronavirus in accordance with public health guidelines. Institutions do not need to report an expense under this category every quarter but must do so at least once during the life of their HEERF grants. Please see the HEERF ARP FAOs for more information.
9 Please see the Department's HEERF Lost Revenue FAQs (March 19, 2021) for more information regarding what may be appropriately included in an estimate of last revenue.
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c) Estimate how much of the lost revenue reported above came from each of the following sources (if applicable):
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