CARES Act Emergency Funds

• The Federal Emergency Grants for Winter 2022

Treasure Valley Community College (TVCC) has signed and returned a Certification & Agreement with the Department of Education to accept allocated funds from the American Rescue Plan (ARP), Public Law 117-2. The ARP established and funded the Higher Education Emergency Relief Fund III (HEERF III) to provide emergency financial aid grants. As of March 31, 2022, TVCC received $3,186,741of HEERF funds for students to fund Federal Emergency Financial Aid Grants. As of April 7, 2022, $366,811.20 was distributed to a total of 649 individual students during quarter 1 of 2022. 100% of these grants came from HEERF III - ARPA funds. It is anticipated that the remaining allocation of HEERF III student aid funds will be awarded prior to June 30, 2023.

• Supplemental Assistance to Institutions of Higher Education (SAIHE) Reporting 

The federal government awarded Treasure Valley Community College an additional $642,570 in COVID-19 relief funding. This grant is funded through the Higher Education Emergency Relief Fund (HEERF) and its Supplemental Allocation for Institutions of Higher Education (SAIHE) program. This funding was authorized by the Coronaviurs Response and Relief Supplemental Appropriations Act (CRRSAA) signed into law in December, 2020. The federal application for SAIHE funds indicates that this funding must be used for financial aid grants to students, including students needing financial assistance to reenroll; As of April 7, 2022, $642,570 was distributed to a total of 812 students. 100% of these funds have now been disbursed.

• As of September 30, 2021, an additional $115,855 of Emergency Financial Aid Grants has been distributed to 287 students.  These funds were awarded to students based on need and enrolled credits.  The awards ranged from $125 to $1,000 per student and averaged $404 per student.
• As of this date, $1,188,087 in total has been distributed to a total of 1,789 students.  100% of these grants came from HEERF III - ARPA funds as all HEERF I - CARES and HEERF II - CRRSAA were distributed prior to July 1, 2021.  The remaining allocation of student aid funds will be awarded during the 2021-22 academic year.

• As of March 31, 2021, an additional $59,682 of Emergency Financial Aid Grants has been distributed to 120 students.  Title IV eligible students were encouraged to apply for these additional CARES Act funds.  The online application process identified students affected by COVID-19 and those students that were eligible were given up to $500 each.
• As of this date, $498,832 in total has been distributed to a total of 813 individual students.  This completes the total distribution of the HEERF I - CARES funds designated for student aid.  The HEERF II - CRRSSA allocation of student aid funds will be awarded starting Spring term 2021.

TVCC has received federal COVID funding for the Spring 20-21 term.

Title IV eligible students will receive the following amounts.
      Full Time              $1000.00
      3/4  Time               $ 750.00
      1/2  Time               $ 500.00
      1/4  Time               $ 250.00

All students who are Title IV eligible will receive an email early next week with directions to choose how your funds are disbursed. We will begin disbursing funds in mid-April.

TVCC's financial aid and business office appreciate your patience as we process the federal COVID funds and our normal Financial Aid disbursals.

1. Treasure Valley Community College (TVCC) signed and returned to the Department of Education the required Certification and Agreement to receive emergency funding through the Coronavirus Aid, Relief and Economic Security (CARES) Act. TVCC intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
2. TVCC received $498,832 from the Department of Education pursuant to TVCC’s Certification and Agreement pertaining to Emergency Financial Aid Grants to Students.
3. As of the date of this report, $398,650 of Emergency Financial Aid Grants have been distributed to students under Section 18004(a)(1) of the CARES Act.
4. The estimated total number of TVCC students 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 894.
5. As of the date of this report, 612 students have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act. The amounts ranged from $197 to $783 per student based on need and on number of credits for spring term.
6. TVCC determined that $398,650 in total would be disbursed to Title IV eligible students with the most need who were registered for Spring classes in a program that was not online-only. The remaining approximately $100,182 will be disbursed during the Summer and/or Fall terms on a basis still to be determined.
7. TVCC provided notices to students regarding the availability of this funding once final determinations were been made with regard to exact amounts awarded to each student as well as the eligible uses for the funds.