ED Announces Additional Reporting Requirements for CARES Act HEERF Funds – NASFAA
On Wednesday, the Department of Education (ED) posted in the Federal Register an information collection request on a data collection form to satisfy Higher Education Emergency Relief Fund (HEERF) reporting requirements specified in section 18004(e) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which states that an institution “receiving funds under this section shall submit a report to the Secretary, at such time and in such manner as the Secretary may require, that describes the use of funds provided under this section.”
The first submission of this new data collection would be due on Jan. 29, 2021; the second on Sept. 30, 2021; and the third on Sept. 30, 2022.
Institutions that received HEERF funds under any part of section 18004 of the CARES Act — which includes emergency grants for student expenses related to COVID-19; funds for institutional costs associated with significant changes to the delivery of instruction due to the coronavirus; funding for HBCUs, MSIs, and TCUs; and FISPE funding — would be subject to this additional reporting requirement. ED estimates it would take institutions 1.5 hours to complete the survey, and data elements to be collected would include: