Funding Under CARES Act

AMG School of Nursing Funding under CARES Act Update

AMG School of Nursing has received funding

from the federal government for a grant under the CARES Act as part of the Higher Education Emergency Relief Fund (HEERF). AMG signed and returned the Certification and Agreement required under the CARES Act with its assurance that the Institution will use no less than 50% of the CARES Act funds for Emergency Financial Aid Grants to students.

Funding under the CARES Act is required to be distributed as emergency grants to eligible students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care).

The Certification and Agreement directs each institution to comply with Section 18004(e) of the CARES Act and submit an initial report (the “30-day Fund Report”) that provides the following information:

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1. An acknowledgement 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.

AMG School of Nursing has signed and returned to the Department the Certification and Agreement.

AMG School of Nursing has distributed emergency financial aid grants to students and 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 Grants to students.

2. The total amount of funds that the institution has received from the Department in accordance with the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.

​$245,715

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3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of December 30, 2020 (i.e., as of the 45-day Report).

​$245,715

4. The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.

​210 students​

5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act, through March 1, 2020.

• ​210 students
• Emergency financial aid grants have/will not be applied against existing account balances. A copy of money sent to student will be placed in student folder.

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6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.

In accordance with federal requirements, only students who are Title IV eligible (those who are eligible for federal student financial aid) have an opportunity to receive a grant.

Grants will not be awarded to non-Title IV eligible students and students who are not pursuing a degree or approved certificate program, or students who are not enrolled as fulltime students in our nursing program prior to March 13 and therefore are not impacted by the disruption to campus operations.

• The Department of Education has given schools, colleges, and universities discretion to determine how this emergency assistance will be disbursed to eligible students. In accordance with the directive from the Secretary of Education Betsy DeVos, institutions are to prioritize funding for those students with the greatest need, while distributing grants as widely as possible for maximum impact.

AMG’s developed three tiers guidelines for distributing grants to eligible students is as follows:

• Pursued communications to all eligible students directing them to an online application for emergency financial aid assistance grants
• Two-week application process, with required student certification of need.
• Tier I Student will be granted a maximum of $1500.00 by demonstrating the greatest emergency need include, but are not limited to:
• Homelessness due to loss of housing or threat of eviction
  • Domestic violence
  • Destruction of living quarters due to fire or natural disaster (primary residence)
  • Theft of computer, clothing, or other essential belongings
  • Overdue bills (medical, rent, utility turn-off notice)
  • Temporary or permanently loss of employment of the student or student spouse for independent student, loss of employment of parent for dependent student
• Unexpected expenses due to illness or death in the immediate family
• Tier II Will be based on student’s EFC reported on your FAFSA. A low EFC of 0-300 will be granted a maximum of $1,100.
• Tier III Will be based on student’ s EFC reported on your FAFSA. A Medium EFC of 301 and greater will be granted a maximum of $1,000.

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7. As of March 1, 2021, AMG continue to accept and evaluate applications of eligible students.

• Pursued communications to eligible students regarding the availability of CARES Act Funding, with an invitation to apply for emergency student grants.
• On-line application process with required certification of need.
• Request to contact AMG Bursar Services/Office with questions or concerns.

We thank you in advance for your patience as we continue to assist our students while working remotely. We will publish more information as it becomes available and in accordance with all required disclosures.

The initial report under the CRRSAA and ARP (a)(1) and (a)(4) programs. This report is associated with the approved information collection under OMB control number 1801–0005.

Funds receive under CRRSAA and ARP                                      $381400

Amounts disburse under CRRSAA and ARP as 02/11/2022        $381400

Estimated number of students eligible to receive funds.                416

Number of students who have receive Emergency Financial Aid Grants under CRRSAA and ARP programs.     377     

Method used to determine student eligible: Students are advised to contact the Bursar’s office for information. Funds are given as per emergency need basis.

Each student will receive up to  $1500