CARES Act: Higher Education Emergency Relief Fund (HEERF)
The Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, was passed by Congress on March 27th, 2020. This bill allotted $2.2 trillion to provide fast and direct economic aid to the American people negatively impacted by the COVID-19 pandemic. Of that money, approximately $14 billion was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund, or HEERF.
CRRSAA: Higher Education Emergency
Relief Fund (HEERF II) & American Rescue Plan (HEERF III)
The Higher Education Emergency Relief Fund II (HEERF II) is authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law on Dec. 27, 2020. In total, the CRRSAA authorizes $81.88 billion in support for education, in addition to the $30.75 billion expeditiously provided last spring through the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, Public Law 116-136.
ARP: American Rescue Plan (HEERF III)
The Higher Education Emergency Relief Fund III (HEERF III) is 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. Emergency funds available to institutions and their students under all emergency funds total $76.2 billion.
HEERF I, II, and III Reporting
The following information is provided by First Institute as required by the Department of Education and to comply with the reporting requirements under the CARES Act. For questions or assistance, please contact Michael Reynolds at 815-459-3500 or email@example.com.
HEERF I – Monthly Reporting 05/2020 – 05/2021
09/30/2020 – HEERF I
12/31/2020 – HEERF I
3/31/2021 – HEERF I
6/30/2021 – HEERF II
9/30/2021 – HEERF II
12/31/2021 – HEERF II
3/31/2022 – HEERF III
06/30/2022 – Final HEERF I, II and III