As part of the agreement 四色AV signed with the U.S. Department of Education, 四色AV pledged
to use no less than 50 percent of the funds received under听CRRSAA and ARP (a)(1) and
(a)(4) programs to provide Emergency Financial Aid Grants to Students.听
A total of听$11,916,539.00 (听$2,888,882.00 HEERF II and听$9,027,657 HEERF III)听has been
designated for distribution to students in the form of Emergency Financial Aid Grants
under听CRRSAA and ARP (a)(1) and (a)(4) programs.听
On February 9th, 2022,四色AV awarded additional American Rescue Plan Act aid in the amount
of $3,530,650.00 to 6466 students bringing the total disbursed to current 四色AV students
to $8,975,150.00 for the fall 2021 and spring 2022 terms. $60,082.00 of the fall disbursement
completed the awarding of the $2,888,882.00 awarded as HEERF II.听 $8,915,068.00 of
the $9,027,657 HEERF III funds awarded to 四色AV have also been disbursed. Because funds
were limited, aid was distributed to eligible students with the greatest financial
need based on current financial aid information.听
四色AV currently has $112,589.00 unexpended in HEERF II funds.听听These funds are expected
to be disbursed during the Fall 2022 semester.听
No funds were disbursed for the July 1, 2022- September 30, 2022, quarter.听
