CARES Act: HEERF Grant

          GUIDANCE TO STUDENTS

• The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides emergency financial aid grants to students whose lives have been disrupted by COVID-19, many of whom are facing financial challenges and struggling to make ends meet.
• The funds must be used to cover expenses related to the disruption of school operations due to COVID-19 including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care and childcare.
• Cutting Edge Academy determined that all students were equally affected by the COVID-19 pandemic, since their education was disrupted by a school closure for in-person instruction and continuing via distance education on temporary bases.
• The award amount of the HEERF grant for each eligible student will be determined by dividing the total grant amount received by the number of eligible students.
• All students will receive a HEERF grant application via email making them aware of the opportunity.
• HEERF grants will be distributed to students in a form of checks that can be picked up in person or can be mailed upon request.

          WHO IS ELIGIBLE?

• Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive HEERF grants.
• The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship of eligible noncitizen; a valid Social Security number; registration with Selective Service for male students; a high school diploma or GED or completion of high school in an approved homeschool setting.
• If a student has filed Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 of the HEA.
• Students who have not filed a FAFSA but who are eligible to file one also may receive HEERF grant.
• Cutting Edge Academy has determined that students must meet the following criteria to receive funds from the HEERF grant:

a)   Complete Free Application for Federal Student Aid (FAFSA) before submitting a request for reimbursement of the costs related to the disruption of school operations due to the COVID-19 pandemic
b)   Must be enrolled in a Title IV eligible program (Cosmetology, Barbering or Skin Care Specialty)
c)   Must maintain satisfactory academic progress
d)   Must be in attendance at any time between March 13, 2020 and July 22, 2020
e)   Students starting school after July 23, 2020 when regular in-person instruction resumed are not eligible to apply and receive HEERF funds

CARES Act: Higher Education Emergency Relief Fund (HEERF) Report
Emergency Financial Aid Grants to Students

INITIAL 30-DAY FUND REPORT

This initial 30-day Fund Report covers the time from July 4, 2020 to August 2, 2020.

1. Cutting Edge Academy acknowledges that the institution signed and returned to the Department 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.
2. The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $42,965.00.
3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 30-day Report is $0.
4. 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 is 52 students.
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 30-day Report is <10 students.
6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act:

          ELIBILITY METHODOLOGY

• Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive HEERF grants.
• The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship of eligible noncitizen; a valid Social Security number; registration with Selective Service for male students; a high school diploma or GED or completion of high school in an approved homeschool setting.
• If a student has filed Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 of the HEA.
• Students who have not filed a FAFSA but who are eligible to file one also may receive HEERF grant.
• Cutting Edge Academy has determined that students must meet the following criteria to receive funds from the HEERF grant:

a)   Complete Free Application for Federal Student Aid (FAFSA) before submitting a request for reimbursement of the costs related to the disruption of school operations due to the COVID-19 pandemic
b)   Must be enrolled in a Title IV eligible program (Cosmetology, Barbering or Skin Care Specialty)
c)   Must maintain satisfactory academic progress
d)   Must be in attendance at any time between March 13, 2020 and July 22, 2020
e)   Students starting school after July 23, 2020 when regular in-person instruction resumed are not eligible to apply and receive HEERF funds

           AWARD METHODOLOGY

• The award amount of the HEERF grant for each eligible student will be determined by dividing the total grant amount received by the number of eligible students.

7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants:

          GUIDANCE TO STUDENTS

• The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides emergency financial aid grants to students whose lives have been disrupted by COVID-19, many of whom are facing financial challenges and struggling to make ends meet.
• The funds must be used to cover expenses related to the disruption of school operations due to COVID-19 including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care and childcare.
• Cutting Edge Academy determined that all students were equally affected by the COVID-19 pandemic, since their education was disrupted by a school closure for in-person instruction and continuing via distance education on temporary bases.
• All students will receive a HEERF grant application via email making them aware of the opportunity.
• HEERF grants will be distributed to students in a form of checks that can be picked up in person or can be mailed upon request.

CARES Act: Higher Education Emergency Relief Fund (HEERF) Report
Emergency Financial Aid Grants to Students

3rd CALENDAR QUARTER FUND REPORT

( ending September 30, 2020 )

This is a 3^rd Calendar Quarter Fund Report ending on September 30, 2020.

1. Cutting Edge Academy acknowledges that the institution signed and returned to the Department 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.
2. The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $42,965.00.
3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 3^rd Quarter Report is $0.
4. 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 is 52 students.
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 3^rd Quarter Report is <10 students.
6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act:

          ELIBILITY METHODOLOGY

• Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive HEERF grants.
• The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship of eligible noncitizen; a valid Social Security number; registration with Selective Service for male students; a high school diploma or GED or completion of high school in an approved homeschool setting.
• If a student has filed Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 of the HEA.
• Students who have not filed a FAFSA but who are eligible to file one also may receive HEERF grant.
• Cutting Edge Academy has determined that students must meet the following criteria to receive funds from the HEERF grant:

a)   Complete Free Application for Federal Student Aid (FAFSA) before submitting a request for reimbursement of the costs related to the disruption of school operations due to the COVID-19 pandemic
b)   Must be enrolled in a Title IV eligible program (Cosmetology, Barbering or Skin Care Specialty)
c)   Must maintain satisfactory academic progress
d)   Must be in attendance at any time between March 13, 2020 and July 22, 2020
e)   Students starting school after July 23, 2020 when regular in-person instruction resumed are not eligible to apply and receive HEERF funds

           AWARD METHODOLOGY

• The award amount of the HEERF grant for each eligible student will be determined by dividing the total grant amount received by the number of eligible students.

7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants:

          GUIDANCE TO STUDENTS

• The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides emergency financial aid grants to students whose lives have been disrupted by COVID-19, many of whom are facing financial challenges and struggling to make ends meet.
• The funds must be used to cover expenses related to the disruption of school operations due to COVID-19 including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care and childcare.
• Cutting Edge Academy determined that all students were equally affected by the COVID-19 pandemic, since their education was disrupted by a school closure for in-person instruction and continuing via distance education on temporary bases.
• All students will receive a HEERF grant application via email making them aware of the opportunity.
• HEERF grants will be distributed to students in a form of checks that can be picked up in person or can be mailed upon request.

CARES Act: Higher Education Emergency Relief Fund (HEERF) Report
Emergency Financial Aid Grants to Students

4th CALENDAR QUARTER FUND REPORT

( FINAL REPORT - ending December 31, 2020 )

This is a FINAL 4^th Calendar Quarter Fund Report ending on December 31, 2020.

1. Cutting Edge Academy acknowledges that the institution signed and returned to the Department 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.
2. The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students is $42,965.00.
3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 4^th Quarter Report is $42,965.00.
4. 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 is 52 students.
5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act as of the date of submission of this 4^th Quarter Report is 52 students.  Each student received $826.25.
6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act:

          ELIBILITY METHODOLOGY

• Only students who are or could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive HEERF grants.
• The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship of eligible noncitizen; a valid Social Security number; registration with Selective Service for male students; a high school diploma or GED or completion of high school in an approved homeschool setting.
• If a student has filed Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 of the HEA.
• Students who have not filed a FAFSA but who are eligible to file one also may receive HEERF grant.
• Cutting Edge Academy has determined that students must meet the following criteria to receive funds from the HEERF grant:

a)   Complete Free Application for Federal Student Aid (FAFSA) before submitting a request for reimbursement of the costs related to the disruption of school operations due to the COVID-19 pandemic
b)   Must be enrolled in a Title IV eligible program (Cosmetology, Barbering or Skin Care Specialty)
c)   Must maintain satisfactory academic progress
d)   Must be in attendance at any time between March 13, 2020 and July 22, 2020
e)   Students starting school after July 23, 2020 when regular in-person instruction resumed are not eligible to apply and receive HEERF funds

           AWARD METHODOLOGY

• The award amount of the HEERF grant for each eligible student will be determined by dividing the total grant amount received by the number of eligible students.

7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants:

          GUIDANCE TO STUDENTS

• The CARES Act Higher Education Emergency Relief Fund-IHE/Student Aid provides emergency financial aid grants to students whose lives have been disrupted by COVID-19, many of whom are facing financial challenges and struggling to make ends meet.
• The funds must be used to cover expenses related to the disruption of school operations due to COVID-19 including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care and childcare.
• Cutting Edge Academy determined that all students were equally affected by the COVID-19 pandemic, since their education was disrupted by a school closure for in-person instruction and continuing via distance education on temporary bases.
• All students will receive a HEERF grant application via email making them aware of the opportunity.
• HEERF grants will be distributed to students in a form of checks that can be picked up in person or can be mailed upon request.