CARES Act: Higher Education Emergency Relief Fund
Bella Academy Of Cosmetology acknowledges that the institution signed and returned the Certification and Agreement for Emergency Financial Aid Grants to Students under the CARES Act to the Department of Education. Per the agreement, Bella Academy will use no less than 50 percent of the funds received under Section 18004(a)(1) to provide Emergency Financial Aid grants to students.
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.
For the initial awarding of HEERF funding, Bella Academy determined eligible students must meet the following criteria:
FAFSA on file and eligible for Title IV funding
Must be maintaining Satisfactory Academic Progress
Cannot be in Default on a Title IV Loan or owe an Overpayment on a Title IV Grant
Enrolled in an eligible program
In attendance at any time between March 13, 2020 and June 1, 2020
Award amounts range from $300.00 to $2000.00
Q: What is the CARES Emergency Grant?
A: The United States Government has allocated funds to Bella Academy of Cosmetology 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: To apply for the CARES Emergency Grant:
Contact Bella Academy at 920-684-1971, an application can be emailed to you.
Your request will be reviewed for eligibility.
Q: When will these funds be available?
A: These funds will become available approximately 30 after you’re your start date of your first class.
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 Bella Academy of Cosmetology?
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 calling 920-684-1971. If you feel you need additional funds due to COVID-19, we suggest applying even if you are not sure if you are eligible.
OPEID # 04231400
Bella Academy Of Cosmetology Minimum Allocation to be Awarded for Emergency Financial Aid Grants to Students
CARES ACT HEERF INSTITUTIONAL GRANT REPORTS