Clict heare for Quarterly Budget and Expenditure Report
Yeshivas Maharit has signed and returned 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.
Yeshivas Maharit has received a total of $87,257.00 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.
Yeshivas Maharit has disbursed $87,257 to 62 students under Section 18004(a)(1) of the CARES Act as of 7/02/2020.
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 as of 7/2/2020 is about 75.
The method used by Yeshivas Maharit to determine which students can receive Emergency Financial Aid Grants and how much they would receive is based on the students need how he was affected by the covid19. Yeshivas maharit has awarded all undergraduate students who have completed a FAFSA as of this date, the amount of $250, additionally, students who had extra need have gotten extra award.
As per guidance we have received from the department of education in a letter dated May 06 2020, we cannot publicly disclose the groups or the amounts for the students in the extra need group, since the groups of students with extra need, resulted in 2 groups that each group is 10 or less than 10 recipients, which according to “the Family Educational Rights and Privacy Act (20 U.S.C. § 1232g; 34 CFR Part 99)” we may not disclose this information.
Students received the following instructions with their grants: “As per the CARES Act, these grants are to be used for expenses that are related to the disruption of campus operations due to COVID-19, including things like course materials and technology as well as food, housing, health care, and childcare.”