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CARES Act- Emergency Financial Aid Grants

 

Quarterly Reporting

Section 18004(a)(1) of the CARES Act, also known as the funds for “Recipient’s Institutional Costs.” awards funds to institutions  to cover any costs associated with significant changes to the delivery of instruction due to COVID-19.

Rabbinical College of America, located at  226 Sussex Avenue, Morristown, NJ  07960, received $173,628 for the institutional portion of the CARES Act Section 18004(a)(1).

CFDA: 84.425F 

Congressional District: 11

EIN: 226017975

 

Initial Report 

Rabbinical College of America has signed and returned the Certification and Agreement and the assurance 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.

Rabbinical College of America will receive or has received a total of $173,628 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.

Rabbinical College of America has disbursed $81,000 to 108 students under Section 18004(a)(1) of the CARES Act as of June 4, 2020.

The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act as of June 8, 2020 is 157.

The method used by Rabbinical College of America to determine which students receive Emergency Financial Aid Grants and how much they would receive is based on the total allocation and the number of Title IV eligible students as well as on a budget for expenses for food, course material, equipment needed to participate in the educational program due to the disruption of campus operations, travel home expenses and health care related expenses. $750  has been awarded to each student.

Students received the following instructions with their grants: “As per the CARES Act, these grants are to be used for expenses that are related to the disruption of campus operations due to COVID-19, including things like course materials and technology as well as food, housing, health care, and childcare.