Student Emergency Financial Aid Grant
The Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act has provided institutions of higher education across the country with emergency cash grant funding for students who have been adversely impacted by COVID-19 and related academic disruptions.
HEERF 2.0 Processes & Procedures:
03/12/2021- The International Institute of Cosmetology (IIC) has additional CARES/HEERF Funds available for distribution to currently enrolled, active students, which were allocated to Proprietary schools in 2021. The total allocated amount is $138,104. Per Department of Education (DOE) guidelines, students receiving Pell grants are prioritized. IIC has over 50% of current students that are Pell recipients. The Institutional Student Information Record (ISIR) used tax return data from the years 2018-2019. Because of this, current pandemic financials are not being actively shown on the most recent ISIR as of this date. IIC intends to distribute these funds equally to all currently enrolled, active students (inclusive of students on a Leave of Absence (LOA)) as of March 15, 2021. Please note that currently enrolled, active students does not include students who completed their 1500-hour program, had contract terminated, or have not yet attended classes prior to March 15, 2021.
These funds are intended to help with academically related expenses such as food, housing, course materials, technology, healthcare, childcare and cost of attendance elements. There are 101 enrolled, active students as of March 15, 2021; each student will be eligible to receive an allotment of $1,367.37. IIC will meet individually with each eligible student to determine the method of payment of the funds. Students can choose to have the entire amount in a check, part check and part applied towards their school balance, or all of the funds applied toward their school balance. IIC will have students sign a form acknowledging how they would like their allotment. Once this is determined, the payments will be processed.
For 2020 HEERF 1.0 info click here