CARES Act – Emergency Financial Aid Grants to Students Required 30-day Report (7/3/2020)

On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to coronavirus.” The following information is provided by Mesivtha Tifereth Jerusalem (MTJ) as required by the Department of Education (“ED”) in order to comply with the reporting requirements under the CARES Act. This is MTJ’s first 30-day progress report and presents information as of August 2, 2020. Additional reports will be provided every 45 days.

1.  An acknowledgement 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.
MTJ signed and returned the Certification and Agreement to the U.S. Department of Education on June 16, 2020 for the HEERF Funds for Emergency Financial Aid Grants. YGOY received its grant award notification dated June 19, 2020. In keeping with the terms of the certification, Mesivtha Tifereth Jerusalem will use no less than 50% of the funds received, as stated under 18004(c) of the CARES Act, to provide Emergency Financial Aid Grants directly to students.

2.  The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
MTJ will receive a total of $66,112 under Section 18004(a)(1) of the CARES Act, of which $33,056 is to be provided directly to students impacted by campus disruption due to the Covid-19 crisis.

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 (i.e., as of the 30-day Report and every 45 days thereafter).
As of August 2, 2020, $28,000.00 was distributed to  students.

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.
MTJ estimates approximately 85 students are eligible to participate 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.

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 this initial 30-day Disclosure, the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 28.

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.
The methodology used for student selection was structured using eligibility determined by the Department of Education. This used student data from the Free Application for Federal Student Aid (FAFSA) as well as enrollment data to determine student eligibility for the awards. Eligible students must be enrolled for spring, enrolled in an on-campus program, and eligible for the FAFSA.

7.  Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
Emails and direct telephone contact will be used to contact enrolled eligible cohorts, directing them to apply for the Emergency Financial Aid Grant funds using the form that will be included in the email. Any questions are to be directed to Rabbi Eliezer Gold at 212-964-2830.