CARES Act Grant- Moler Hollywood Beauty Academy
Higher Education Emergency Relief Fund Reporting
Emergency Financial Aid Grants to Students
On 5/12/20 Moler Hollywood Beauty Academy signed and submitted the student’s portion application for the Cares Act Grant. Moler Hollywood Beauty Academy intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES act to provide Emergency Financial Aid Grants to students.
Moler Hollywood Beauty Academy has received $39,539.00 from the Department of Education in Emergency Financial Aid Grants for students.
Moler Hollywood Beauty Academy has distributed $35,001.72 in Emergency Financial Aid Grants (CARES Act) to the students.
There was a total of 60 students enrolled and eligible at Moler Hollywood Beauty Academy to participate in the Federal student financial aid programs under Section 484 of the Higher Education Act of 1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
There has been a total of 54 students who have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
Eligible students were made aware in a student meeting regarding the available funding provided by the Department of Education through the CARES Act.
The method used by Moler Hollywood Beauty Academy to determine which students would receive Emergency Financial Aid Grants.
– In accordance with guidance published by the U.S. Department of Education, student grants will be distributed only to students who are Title IV eligible. An eligible enrolled student includes any student who has not been withdrawn, to include students progressing via temporary distance education. Students who are on an approved Leave of Absence due to issues related to COVID19 that began on or after March 16, 2020 are considered actively enrolled and are eligible to receive their share(s) of the Grant Fund. The currently attending student roster will be determined by taking a census of the student body as of March 16, 2020. Any student withdrawn from the Institute prior to March 16, 2020 is not an eligible student and will not receive a grant award under this plan. Students who have filed a Free Application for Federal Student Aid (FAFSA) and for which the Institute has a current Institutional Student Information Record (ISIR) demonstrating Title IV eligibility will be considered Title IV eligible for purposes of the grants to be disbursed under this plan. Students enrolled as of March 16, 2020 who did not previously file a FAFSA but are U.S. citizens, or eligible non-citizens, may certify to the Institute that they are eligible to participate in the Title IV Federal Student Aid programs and therefore eligible to receive an emergency financial aid grant.
– Students must be 18 years or over, or if younger, currently receiving Title IV assistance.
– Must have a graduation date on or after March 16, 2020.
– The school will distribute the funds in two different separate disbursements and will divide the funds available equally among the students who meet the above criteria.