Emergency Financial Aid Reporting

Emergency Financial Aid Grants to Students Fund Reporting

HEERF I

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law, providing 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.” This report provides details on the first award Soka University of America received under the HEERF I, the funds for Emergency Financial Aid Grants to students under Award No. P425E200700.

Certification

Soka University of America (SUA) signed and returned to the Department of Education the Certification and Agreement for ED-GRANTS-041020-003 on April 13, 2020, and we received our grant award notification on May 13, 2020. SUA will 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.

Award

Soka University of America will receive a total of $351,126 under Section 18004(a)(1) of the HEERF. At least $175,563 will be distributed directly to students impacted by campus disruptions due to the coronavirus. These funds being from the Department of Education and pursuant to our Certification and Agreement for Emergency Financial Aid Grants to Students.

Funds Distributed

As of 6/30/21, Soka University of America had distributed $343,756 in Emergency Financial Aid Grants to eligible students under Section 18004(a)(1) of the CARES Act.

Student Eligibility

Soka University of America (SUA) has an estimate of 212 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 under Section 18004(a)(1) of the CARES Act. As of 07/15/20, SUA has distributed Emergency Financial Aid Grants to 212 students under Section 18004(a)(1) of the CARES Act.

Method Used to Determine Students Eligibility

Tiers representing students Expected Family Contribution (EFC) are used to determine how much funds students are to receive. Below are the tiers with the amounts. Students did not have to apply with an application.

  • Tier 1 EFC $0-5,100, Award $2,135 for the term
  • Tier 2 EFC $5,101-15,000, Award $1,548 for the term
  • Tier 3 EFC $15,000-51,000, Award $1,250 for the term
  • Tier 4 EFC > $51,001, Award $1,005 for the term
  • Tier 5 Students who did not already apply for aid but can verify eligibility for Title IV funding within the awarding disbursement period, Award $705 for the term

Instructions/Directions Given to Students

Instructions, directions and guidance provided to students regarding these Emergency Financial Aid Grants can be found on the Soka Financial Aid FAQ page.

HEERF II

On December 27, 2020, the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was signed into law, providing emergency relief funds to colleges, universities and students affected by the coronavirus pandemic through the Higher Education Emergency Relief Fund II (HEERF II). This summary provides details on the second award Soka University of America received under the HEERF II, the funds for Emergency Financial Aid Grants to students under Award No. P425E200700-20A.

Certification

Soka University of America (SUA) signed and returned to the Department of Education the Certification and Agreement for ED-GRANTS-041020-003 on April 13, 2020, and we received our original grant award notification P425E200700 on May 13, 2020. We received our supplemental grant award notification P425E200700-20A on January 19, 2021.

Award

Soka University of America will receive a total of $175,563 under HEERF II which will be distributed directly to students impacted by campus disruptions due to the coronavirus.

Funds Distributed

As of 6/30/21, Soka University of America has distributed $175,563 in Emergency Financial Aid Grants to Title IV eligible students.

Student Eligibility

Soka University of America (SUA) has an estimate of 201 students eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965.

Method Used to Determine Students Eligibility

Tiers representing students Expected Family Contribution (EFC) are used to determine how much funds students are to receive. Below are the tiers with the amounts. Students did not have to apply with an application.

  • Tier 1 EFC $0-999, Award $1,650 for the term
  • Tier 2 EFC $1,101-4,999, Award $1,400 for the term
  • Tier 3 EFC $5,000-6,499, Award $1,200 for the term
  • Tier 4 EFC $6,500-11,999, Award $775 for the term
  • Tier 5 EFC $12,000-19,999, Award $660 for the term
  • Tier 6 EFC $20,000-25,999, Award $600 for the term
  • Tier 7 EFC $26,000-49,999, Award $275 for the term
  • Tier 8 EFC > $51,000, Award $200 for the term

Instructions/Directions Given to Students

Instructions, directions and guidance provided to students regarding these Emergency Financial Aid Grants can be found on the Soka Financial Aid FAQ page.

HEERF III

On March 11, 2021, the American Rescue Plan (ARP) was signed into law, providing emergency relief funds to organizations and individuals affected by the coronavirus pandemic through the Higher Education Emergency Relief Fund III (HEERF III). This summary provides details on the third award Soka University of America received under HEERF III, the funds for Emergency Financial Aid Grants to students under Award No. P425E200700-20B.

Certification

Soka University of America (SUA) signed and returned to the Department of Education the Certification and Agreement for ED-GRANTS-041020-003 on April 13, 2020, and we received our original grant award notification P425E200700 on May 13, 2020. We received our supplemental grant award notification P425E200700-20B on May 20, 2021.

Award

Soka University of America will receive a total of $459,114 under HEERF III which will be distributed directly to students impacted by campus disruptions due to the coronavirus.

Funds Distributed

As of 11/1/21, Soka University of America has distributed $459,114 in Emergency Financial Aid Grants to all full-time students.

Student Eligibility

Soka University of America (SUA) has an estimate of 447 students eligible to participate in this funding round.

Method Used to Determine Students Eligibility

Tiers representing students Expected Family Contribution (EFC) are used to determine how much funds students are to receive. Below are the tiers with the amounts. Students did not have to apply with an application.

  • Tier 1 EFC $0-1,599, Award $1,450 for the term
  • Tier 2 EFC $1,600-4,799, Award $1,300 for the term
  • Tier 3 EFC $4,800-6,499, Award $1,200 for the term
  • Tier 4 EFC $6,500-9,999, Award $1,000 for the term
  • Tier 5 EFC $10,000-12,499, Award $850 for the term
  • Tier 6 EFC $12,500-25,499, Award $700 for the term
  • Tier 7 EFC $25,500-31,099, Award $600 for the term
  • Tier 8 EFC > $31,100, Award $500 for the term
  • Tier 9 No EFC calculated, Award $300 for the term

Instructions/Directions Given to Students

Instructions, directions and guidance provided to students regarding these Emergency Financial Aid Grants will be provided upon completion of methodology.

HEERF Institutional Portion Quarterly Budget and Expenditure Reporting