March 23, 2021
As part of the U.S. Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, Endicott College has been awarded Higher Education Emergency Relief Funds (HEERF II) to be used for direct emergency financial assistance for eligible undergraduate students. Endicott will distribute this funding to eligible students as soon as practicable following receipt of the funds from the U.S. Department of Education.
Funding will be provided to eligible undergraduate students enrolled at Endicott during the Spring 2021 semester. CRRSA Act grants are being distributed to the students with the most demonstrated financial need.
Endicott students must meet certain eligibility requirements to receive CRRSA Act HEERF II funding:
- Degree seeking
- Continued enrollment for the Spring 2021 semester
- Demonstrated financial need
- Met satisfactory academic progress standards
- Funds will not be awarded to non-degree students and international students
Endicott has signed and returned to the U.S. Department of Education the required Certification and Agreement to receive monies under Section 314(a)(1) of the CRRSA Act. Endicott assures that it has used, or intends to provide the “same amount” in financial aid grants to students from the new CRRSA funds, consistent with its original CARES Act Student Aid Portion award requirements.
The total amount of funds that Endicott will receive from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $1,031,504. As of March 23, 2021, Endicott has yet not distributed the funds to the students. (This information will be updated every 45 days as required.)
The estimated total number of Endicott students 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 the CRRSA Act is 2,310. Endicott anticipates that 557 students will receive grants based on its distribution in accordance with CRRSA Act requirements.
The method used by Endicott to determine which students will receive grants and how much they will receive under Section 314(a)(1) of the CRRSA Act is as follows:
a) Endicott estimated that a typical student incurred at least $1,000 due to the COVID-19 closing (lost wages, travel, supplies, etc.).
b) Endicott decided to allocate the funds in a way that would most benefit the most financially-needful students.
c) Awards were made in five tiers of flat dollar amount grants.
d) Grant amounts were calculated based on the demonstrated financial need of eligible students as reported on FAFSA submissions for the current academic year (expected family contribution).
Students who have been awarded a grant will receive emails notifying them of the award.