CARES ACT Emergency Funds
New England Culinary Institute has received federal funding from the CARES Act, which provides assistance for student expenses related to the disruption of campus operations due to the coronavirus.
The New England Culinary Institute acknowledges that the institution has signed and returned to the Department, the Certification and Agreement. The College also acknowledges 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.
What is the CARES ACT?
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is federal legislation that provides a variety of financial support to individuals and organizations affected by the COVID-19 (novel coronavirus) pandemic.
The CARES Act includes a Higher Education Emergency Relief Fund (HEERF) that provides more than $14 billion in emergency funding to higher education. Of those funds, more than $6 billion must go directly to students in the form of emergency financial aid grants (HEERF-student share) for expenses related to the disruption of campus operations due to the COVID-19 crisis.
The New England Culinary Institute will receive a total of $49,032 of which will be entirely provided directly to students for their expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, health care, and child-care.
Am I eligible?
Currently enrolled students that are enrolled in eligible Title IV non-exclusively distance education programs that experienced interruptions to their education at NCC due to the coronavirus pandemic of 2020. These students are awarded disbursement amounts of emergency funding based upon data provided by FAFSA. Funding is awarded at a first come first serve basis. If eligibility is not fulfilled according to calculated allocations it is because funds have been exhausted. Please note that some students will not receive the full amount calculated due to first come first serve basis and/or demonstrating less need on the FAFSA.
How Will I Receive This Money?
All emergency grants will be processed through the Financial Aid Department. Emergency grants will be mailed to the address on file.
**Please note that although the emergency grant will be processed through the financial aid department, it will not affect your current financial aid award**
Do I need to repay the money?
No, you will not need to repay any money received through this fund.
Does this funding affect my other financial aid?
No. This is an emergency grant to help you manage unexpected expenses related to the coronavirus, and it will not have any impact on other financial aid you may be eligible to receive.
What if I still have an account balance?
Any CARES Act funding awarded to you will be paid to you directly, and it will not cover any outstanding balances owed to The New England Culinary Institute. Any outstanding balance owed to NECI will remain the responsibility of the student.
Are Emergency grants taxable?
For more information, please visit this IRS site - FAQs: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act.
The estimated total number of students at the institution who are or could be eligible 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 are total estimated number of 30 students at the institution who are or could be eligible to participate in the 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.
The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
As of August 31, 2020, approximately 24 students have been awarded the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.