C.A.R.E.S Act GRANT

CARES ACT EMERGENCY RELIEF GRANT

 The US Department of Education has released to Elite Cosmetology School Emergency Grant funds for students impacted by Coronavirus and authorized in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).

Elite Cosmetology School will be awarding these funds to eligible students in order to provide emergency aid grants to students for expenses related to the disruption of onsite 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.)

Elite has developed the following eligibility criteria for determining the awarding of the student emergency aid grants:

As stated in the CARES Act, this grant should only be awarded to students who are or could be Title IV eligible (Federal Financial Aid) Students that are unsure if they are Title IV eligible, should contact Melissa Ramirez via email immediately.

As stated in the CARES Act, this grant should only be awarded to student’s that display a financial need for the emergency grant funds.

Only active students who are participating in courses actively and who are in good standing will be eligible to receive this grant at this time.

Only students that were enrolled and attending Elite Cosmetology School PRIOR to the COVID-19 related disruption of on campus operations (3/20/20) are eligible to receive this grant.

Elite has developed the following process for determining the amount of each student’s award:

Each enrolled and actively attending student that began their course prior to the Schools temporary distance education program will receive an application (via DocuSign) for these grant funds. Students on LOA at the time of awarding will receive the application upon returning from LOA.

Once the number of eligible students has been determined, the Grant Awards will be calculated and awarded based on the number of scheduled hours each student has remaining in their contract (As of 4/29/20).

The Grant amount per scheduled hours remaining will be calculated by dividing the amount of CARES Act Grant funds (Student Award) received by Elite by the total amount of potentially eligible student remaining scheduled hours.

Students will receive a Grant Award notification (via DocuSign) indicating if they are an eligible recipient, the CARES Act Grant Award methodology for award calculation, amount of award, and the timeline for release of funds.

Calculated awards that are greater than $500.00 will be released in 3 scheduled phases. (Check release schedule below)

Calculated Awards that are less than $500.00 will be released in one phase. (Scheduled date below)

Students that withdraw prior to the issuance of all awarded funds, will forfeit their remaining award and the funds will be re-distributed to the remaining student body.

Funds will not be released to students that are not actively attending. Should a student take a Leave of Absence prior to receiving all awarded funds, the remaining awarded funds will be retained until the student returns, at which time, an updated release schedule will be issued to the student and funds will be released accordingly.

Students are advised to contact the Institutions Director of Financial Aid and Compliance with any questions regarding student eligibility, application process, awarding process and funds distribution process. Melissa Ramirez melissa@eliteschools.edu

5/28/2020 C.A.R.E.S Act Grant: 30 DAY REPORT (HERE)

7/14/2020 C.A.R.E.S Act Grant: 30 DAY REPORT (HERE)