ED Releases Information About Application Process for Additional HEERF Funding for Needy Institutions – NASFAA
The Department of Education (ED) has released supplemental reporting requirements for certain institutions that apply for Higher Education Emergency Relief Fund (HEERF) funding under Section 18004(a)(3) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. ED had previously retracted its initial formula allocation and methodology for this funding, which represents 2.5% of total HEERF funding and is designated for institutions that ED determines have the greatest unmet needs due to coronavirus.
To apply for 18004(a)(3) funding, institutions must complete the previously released Certificate and Agreement by Aug. 1, 2020. As announced in the Federal Register, ED is requiring, by Aug. 30, 2020, a completed Budget and Expenditure Reporting form for any institution applying for 18004(a)(3) funding that falls into any of the following categories: