ARP Higher Education Emergency Relief Fund Program

Fall 2021

LIM College (OPEID: 007466) received education stabilization funds designated exclusively for emergency financial aid grants to students under the Higher Education Emergency Relief Fund III (HEERF III) as authorized by the American Rescue Plan (ARP), Public Law 117-2, signed into law on March 11, 2021, providing $39.6 billion in support to institutions of higher education to serve students and ensure learning continues during the COVID-19 pandemic.

ARP funds are in addition to funds authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260 and the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, Public Law 116-136.

The ARP Act provides the same provisions for approved use of funds and covered expenses as was stipulated under section 314(c)(3) of the CRRSAA Act: “Recipient [LIM College] must make financial aid grants to students (including students exclusively enrolled in distance education), which may be used for any component of the 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 child care.”

The institution is making the following information available for transparency purposes and in compliance with the U.S. Department of Education’s (“Department”) HEERF guidance. For questions or concerns regarding this Fund Report, please contact Christopher E. Barto, Vice President of Government Relations and Community Affairs, at christopher.barto [at] limcollege.edu.

 

Updates/Reporting

April 10, 2022

This Quarterly report reflects the student portion of Higher Education Emergency Relief Fund (HEERF III) ARP Act financial aid grants to students for the first quarter of 2022 (through March 31, 2022) and is inclusive of the cumulative award activity that has occurred since the College’s initial receipt of these funds.

1.  On August 11, 2021, LIM College signed and returned to the Department the Certification and Agreement (CFDA 84.425Q) ((a)(4) Program) to accept allocated funds from the American Rescue Plan (ARP), Public Law 117-2, and the institution has or will use 100% of the Higher Education Emergency Relief Fund III (HEERF III) funds received in the ARP Program for Emergency Financial Aid Grants to Students as authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA).

2.  The total amount of funds that LIM College will receive or has received from the Department under the HEERF I ($646,941), HEERF II ($983,049), and HEERF III ($601,520) programs and that are pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students = $2,231,510. Please note, the College’s HEERF I and HEERF II allocations have been fully expended in previous quarters and only the ARP HEERF III allocation = $601,520 is available in this quarter.

3.  The total amount of emergency financial aid grants distributed to students under the ARP (HEEERF III) Program as of the date of this Fund Report is $601,250.

4.  The estimated total number of students at LIM College 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 under the ARP (HEEERF III) Program as of the date of this Fund Report is 1027.

5.  The total number of students who have received an emergency financial aid grant under the ARP (HEEERF III) Program as of the date of this Fund Report is 520.

6.  The methods used by LIM College to determine which students receive emergency financial aid grants and how much they would receive under the ARP (HEEERF III) Program are provided at Attachment A.

7.  The instructions, directions, or guidance provided by LIM College to students concerning the ARP (HEEERF III) Program emergency financial aid grants are provided at Attachment B.

January 10, 2022

 

This Quarterly report reflects the student portion of Higher Education Emergency Relief Fund (HEERF III) ARP Act financial aid grants to students for the fourth quarter of 2021 (through December 31, 2021) and is inclusive of the cumulative award activity that has occurred since the College’s initial receipt of these funds.

 

  1. On August 11, 2021, LIM College signed and returned to the Department the Certification and Agreement (CFDA 84.425Q) ((a)(4) Program) to accept allocated funds from the American Rescue Plan (ARP), Public Law 117-2, and the institution has or will use 100% of the Higher Education Emergency Relief Fund III (HEERF III) funds received in the ARP Program for Emergency Financial Aid Grants to Students as authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA).
  2. The total amount of funds that LIM College will receive or has received from the Department under the HEERF I ($646,941), HEERF II ($983,049), and HEERF III ($601,520) programs and that are pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students = $2,231,510. Please note, the College’s HEERF I and HEERF II allocations have been fully expended in previous quarters and only the ARP HEERF III allocation = $601,520 is available in this quarter.
  3. The total amount of emergency financial aid grants distributed to students under the ARP (HEEERF III) Program as of the date of this Fund Report is $275,550.
  4. The estimated total number of students at LIM College 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 under the ARP (HEEERF III) Program as of the date of this Fund Report is 1027.
  5. The total number of students who have received an emergency financial aid grant under the ARP (HEEERF III) Program as of the date of this Fund Report is 373.
  6. The methods used by LIM College to determine which students receive emergency financial aid grants and how much they would receive under the ARP (HEEERF III) Program are provided at Attachment A.
  7. The instructions, directions, or guidance provided by LIM College to students concerning the ARP (HEEERF III) Program emergency financial aid grants are provided at Attachment B.

October 10, 2021

This Quarterly report reflects the student portion of Higher Education Emergency Relief Fund (HEERF III) ARP Act financial aid grants to students for the fourth quarter of 2021 (through December 31, 2021) and is inclusive of the cumulative award activity that has occurred since the College’s initial receipt of these funds.

  1. On August 11, 2021, LIM College signed and returned to the Department the Certification and Agreement (CFDA 84.425Q) ((a)(4) Program) to accept allocated funds from the American Rescue Plan (ARP), Public Law 117-2, and the institution has or will use 100% of the Higher Education Emergency Relief Fund III (HEERF III) funds received in the ARP Program for Emergency Financial Aid Grants to Students as authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA).
  2. The total amount of funds that LIM College will receive or has received from the Department under the HEERF I ($646,941), HEERF II ($983,049), and HEERF III ($601,520) programs and that are pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students = $2,231,510. Please note, the College’s HEERF I and HEERF II allocations have been fully expended in previous quarters and only the ARP HEERF III allocation = $601,520 is available in this quarter.
  3. The total amount of emergency financial aid grants distributed to students under the ARP (HEEERF III) Program as of the date of this Fund Report is $0.
  4. The estimated total number of students at LIM College 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 under the ARP (HEEERF III) Program as of the date of this Fund Report is 1027.
  5. The total number of students who have received an emergency financial aid grant under the ARP (HEEERF III) Program as of the date of this Fund Report is 0.
  6. The methods used by LIM College to determine which students receive emergency financial aid grants and how much they would receive under the ARP (HEEERF III) Program will be provided in Attachment A upon finalization.
  7. The instructions, directions, or guidance provided by LIM College to students concerning the ARP (HEEERF III) Program emergency financial aid grants will be provided in Attachment B upon availability.

Attachments

ARP – HEERF III – Quarterly Reporting “Attachment A” American Rescue Plan (ARP) Act of 2021 (P.L. 117-2) – ARP (a)(4) ALN 84.425Q Supplemental Agreement: Proprietary Institutions Grant Funds for Students: Higher Education Emergency Relief Fund III (HEERF III) – LIM College Student Emergency Aid Proposed Process & Criteria for Awarding Funds

July 29, 2021 – Updated: August 3, 2021 and November 4, 2021 – Below process & criteria based on U.S. Department of Education (USDOE) guidance through this date.

Project Leads:

  • Christopher E. Barto, VP of Government Relations & Community Affairs (ARP HEERF III - Institutional Grant Representative)
  • Erik Paulson, VP of Finance & Controller

Approved Use of Funds and Covered Expenses: The ARP Act provides the same provisions for approved use of funds and covered expenses as was stipulated under section 314(c)(3) of the CRRSAA Act: “Recipient [LIM College] must make financial aid grants to students (including students exclusively enrolled in distance education), which may be used for any component of the 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 child care.”

  • LIM College confirmed our total eligible Student ARP Act - Higher Education Emergency Relief Fund III (HEERF III) Federal allocation = $601,520.
  • Eligible students:
    • Consideration for ARP HEERF III award funds will be given to Title IV eligible students (based on receipt of a valid 2021-22 FAFSA by LIM) who are enrolled during fall 2021 in all LIM divisions of study. FAFSA filing priority will be given to students who have a valid 2021-2022 FAFSA on file with LIM by the end of the Fall 2021 Add/Drop period on September 15, 2021 (extended to November 4, 2021) Pending availability of remaining funds, this may extend to spring 2022 enrolled students.
    • Based on USDOE recommendations, LIM will give Priority Consideration to students with exceptional need, which LIM is currently defining as Pell Grant recipients, students with unmet financial need, or students who provide a written attestation of such need as part of their application for HEERF III funds consideration.
  • Eligible semesters: Fall 2021 and Spring 2022 (if funds remain to expend during that term)
  • Awarding plan & process:
    • Award approximately 80% of ARP HEERF III Student Emergency Grant funds in “automatic” awards divided into Two Tiers of demonstrated Exceptional Need to all eligible Pell Grant recipients (Tier I) and students with unmet financial need (Tier II) who have a valid 2021-2022 FAFSA on file with LIM by the end of the Fall 2021 Add/Drop period on September 15, 2021 (extended to Nov. 4, 2021) – in order to distribute most funds and meet student needs as quickly as possible early in fall 2021, as follows:
      • Tier I: Pell Grant Eligible Students (Priority Group #1) = 470 Students currently estimated
        • Offer Automatic Awards of $825/each = $387,750
      • Tier II: Non-Pell Eligible Students (Priority Group #2) with Unmet Need (based on 2021-22 FAFSA data) = 190 Students currently estimated
        • Offer Automatic Awards of $500/each = $95,000
      • Students offered Tier I or Tier II awards will need to complete an ARP HEERF III Certification Form within 30 days of notification of eligibility, which affirms they will use funds for approved and covered expenses, in order for the funds to be disbursed as a student refund or for students to request specific amounts to be applied towards a tuition balance. Unclaimed Tier I & II funds will be added to the Tier III available funds.
    • Award Remaining approximately 20% of allocation = $118,770 in Tier III Student Emergency Grants that will be distributed through an online application, attestation and certification process:
      • Tier III eligible students (with a valid 2021-22 FAFSA on file with LIM) will be required to attest to having exceptional need, certify which covered expenses they have, as well as write a brief impact statement (as was the case in our CARES Act HEERF 2 and CRRSAA Tier III process).
      • Members of LIM’s HEERF Emergency Fund Working Group (see below) will review each request and will make and communicate award decisions on a weekly to bi-weekly basis.
        • Standard amounts will be awarded for eligible covered expenses and requests will be reviewed on a case-by-case basis for consideration.
      • Funds will be awarded on a first come, first serve basis with priority consideration given to students who have maximized use of all other available financial aid funding and those with lower EFCs.
      • Maximum total Tier I or Tier II + Tier III awards = $4,000. All approved funds must be refunded to students or students can authorize and approve specific amounts to be applied towards open LIM College tuition balances.
  • ARP HEERF III Emergency Fund Working Group Members:
    • Vice President of Finance & Controller
    • Vice President of Government Relations & Community Affairs
    • Associate Director of Financial Aid
    • Associate Director of Student Accounts
  • Award documentation and Reporting:
    • The Student Financial Services (SFS) Office, under the direction of the VP of Finance & Controller, will maintain documentation of all ARP HEERF III Emergency Grant awards, applications, and supporting materials. Information regarding all ARP HEERF III Emergency Fund Tier III award decisions made by the Working Group will also be maintained along with the criteria used to determine award amounts.
    • The VP of Government Relations & Community Affairs and the VP of Finance & Controller will work with the SFS Office to comply with all reporting requirements from the USDOE on the expenditure of these award funds and any other required information.