Coronavirus Response and Relief Supplemental Appropriations Act 2021
Cranbrook Academy of Art signed and returned the Certification and Agreement to the Department of Education in July 2021. The Academy received $44,629, which was used and distributed under the CARES Act providing Emergency Financial Aid grants to eligible students.
59 second-year students were eligible, and 59 students received CARES Act funding under Section 484 in Title IV of the Higher Education Act of 1965. Each student was determined eligible based on their completion of the 2019-2020 Free Application for Federal Student Aid (FAFSA) . Each student received an Emergency Financial Aid Grant under the CARES Act of $760 per student.
The amount awarded was determined by taking the amount received ($44,629) and dividing by the number of eligible students (59). We then rounded the figure up to $760 which was awarded to the eligible students.
All eligible students were notified and received funds in July 2021.
HEERF Part III Report
Cranbrook Academy of Art has received $48,193 of funding as part of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law on Dec. 27, 2020. Our first distribution $20,514 was immediately used for Emergency Financial Aid grants to eligible students.
98 students were eligible, and 98 students received CRRSAA funding. Each student was determined eligible based on their completion of the 2020-2021 Free Application for Federal Student Aid (FAFSA). Each student received an Emergency Financial Aid Grant of $225 per student.The amount awarded was determined by taking the amount received for the first distribution ($20,514) and dividing by the number of eligible students 98. We then rounded the figure up to $225 which was awarded to eligible students.
In addition to the amount awarded to eligible students, the Academy provided a matching fund through institutional dollars to our remaining students not eligible for CRRSAA funds. All students at the Academy received $225.
HEERF Part II Report
Cranbrook Academy of Art signed and returned the Certification and Agreement to the Department of Education on April 16, 2020. The Academy to date has received $41,027, 50% of which was used and distributed under the CARES Act providing Emergency Financial Aid grants to eligible students.
92 students were eligible and 92 students received CARES Act funding under Section 484 in Title IV of the Higher Education Act of 1965. Each student was determined eligible based on their completion of the 2019-2020 Free Application for Federal Student Aid (FAFSA) . Each student received an Emergency Financial Aid Grant under the CARES Act of $225 per student.
The amount awarded was determined by taking the amount received ($20,514) and dividing by the number of eligible students (92). We then rounded the figure up to $225 which was awarded to the eligible students.
In addition to the amount awarded to eligible students, the Academy provided a CARES Act match funded through a special Director’s Emergency Relief Fund to our remaining students not eligible to receive funding through the CARES act. All students at the Academy received funding of $225 through the CARES Act or CARES Act Match. All students were notified of the funding as part of the April 29, 2020, Hotline newsletter distributed to all students by email.
