CARES/COVID Grant Funds
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) to provide resources for higher education institutions, like Southwestern College. These funds were granted to alleviate the impact of the COVID-19 pandemic on our students and our college. The CARES Act distributed funds from the Higher Education Emergency Relief Fund (“HEERF”), and also in Southwestern College's case, included an Minority Serving Institutions (MSI's) allocation.
The CARES Act requires institutions to use no less than 50 percent of the 2020 HEERF allocation to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care). For information on the student aid portion of CARES funds, please visit the Student Emergency Funds page under Financial Aid.
Southwestern College accepted the funding and submitted the Certification and Agreement form on June 2, 2020. In accordance to the CARES Act, we are required to summarize the use of the institutional portion of the HEERF I, II, III funds through quarterly reports, which are posted below.
CARES Act Quarterly Budget & Expenditure Reports
2022
2021
- QE December 31, 2021 (PDF Document)
- QE September 30, 2021 (PDF Document)
- QE June 30, 2021 (PDF Document)
- QE March 31, 2021 (PDF Document)
2020
- QE December 31, 2020 - Revised (PDF Document)
- QE December 31, 2020 - Previously Reported (PDF Document)
- QE September 30, 2020 - Revised (PDF Document)
- QE September 30, 2020 - Previously Reported (PDF Document)
Description of Expenditures (Reported from March 2020 - December 2021) |
Amount |
---|---|
Financial Aid Emergency Grants to Students |
$28,268,907 |
Payments to/for Students |
$2,676,829 |
On-Site Readiness for Social Distancing |
$1,725,689 |
Technology & Equipment |
$753,276 |
Transition to Remote |
$6,966,485 |
Discharge of Student Debt |
$634,248 |
Replace Lost Revenue |
$3,973,572 |