CARES Act

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law.  Included in the CARES Act is the Higher Education Emergency Relief Fund (HEERF), which are funds to be distributed to institutions of higher education. A minimum of 50% of the funds are to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare and childcare (the “Student Portion”). In addition, up to 50% of the funds may be used by SAE Institute of Technology and SAE Expression College to cover any costs associated with significant changes to the delivery of instruction due to the coronavirus  so long as such costs do not include payment to contractors for the provision of pre-enrollment recruitment activities, including marketing and advertising; endowments; or capital outlays associated with facilities related to athletics, sectarian instruction, or religious worship (the “Institutional Portion”). 

SAE Institute of Technology (OPEID 03830300), which includes Atlanta, Chicago, Miami, Nashville and New York, received a total of $2,892,306 and SAE Expression College (OPEID 03973300) received a total of $875,264, under the HEERF.  No less than 50% of those funds will be distributed to eligible students.  SAE Institute of Technology has signed and returned the Funding Certification and Agreement for the Student Portion of HEERF.  SAE Expression College has signed and returned the Funding Certification and Agreement for the Student Portion of HEERF.  The funds are distributed by OPEID by the U.S. Department of Education (“ED”) using the Department’s G5 system.  

On April 27, 2020, SAE Institute of Technology received the Student Portion of the HEERF.  

SAE Institute of Technology distributed $1100 to each student with expenses related to the disruption of campus operations due to coronavirus who are participating in courses actively as of May 20, 2020 and at the time of distribution of the funds.  SAE Institute of Technology had a second disbursement for any active, eligible student who did not receive funds during the first disbursement and were actively participating in classes the week of August 3, 2020 and the week of August 17, 2020.  These funds are to be used for expenses related to the disruption of campus operations due to coronavirus.  

The estimated total number of students eligible to receive the Student Portion for SAE Institute of Technology is 1355.  The total number of students who have received the grant is 1190.  As of December 1, 2020, $1,321,100 has been distributed to students.   

The remaining balance is $125,053 has applied to an emergency grant fund.

Students interested in receiving the emergency grant fund must have complete the CARES HEERF Emergency Student Grant Application.  The completed application must be received by January 15, 2021.  The CARES HEERF Emergency Student Grant Committee consists of the Chief Academic and Compliance Officer, Associate Dean of Academics, Associate Dean of Career Services and the Manager of Compliance and Academics.  The committee reviewed each application and determine the funds to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare, and childcare.  

Students were notified via SAE email of the results of their application by January 22, 2021. The 132 active students who were awarded the emergency grant will be receiving a debit card after submitting an acknowledgement form.  Within a few days after receiving the debit card the funds will be loaded onto the debit card.  

On June 9, 2020, SAE Expression College received the Student Portion of the HEERF.  The estimated total number of student eligible to receive the Student Portion for SAE Expression College is 231.  The total number of students who have received the grant is 211.  As of December 1, 2020, $337,600 has been distributed to students.

SAE Expression College distributed $1600 to each student with expenses related to the disruption of campus operations due to coronavirus who are participating in courses actively as of June 15, 2020 and at the time of distribution of the funds.  Active, eligible students who did not receive the first disbursement are eligible to receive $1600 and must be actively participating in courses the week of August 3, 2020 and the week of August 17, 2020. 

The remaining balance is $100,032 has been applied to an emergency grant fund.

Students interested in receiving the emergency grant fund must have complete the CARES HEERF Emergency Student Grant Application.  The completed application must be received by January 15, 2021.  The CARES HEERF Emergency Student Grant Committee consists of the Chief Academic and Compliance Officer, Associate Dean of Academics, Associate Dean of Career Services and the Manager of Compliance and Academics.  The committee reviewed each application and determine the funds to be given directly to students to use for expenses related to the disruption of campus operations due to coronavirus, such as food, housing, course materials, technology, healthcare, and childcare.  

Students were notified via SAE email of the results of their application by January 22, 2021. The 26 active students who were awarded the emergency grant will be receiving a debit card after submitting an acknowledgement form.  Within a few days after receiving the debit card the funds will be loaded onto the debit card.  

 

HEERF Institutional Grant 

SAE Expression College HEERF Quarter 1 Report 10-30-20

SAE Institute of Technology HEERF Quarter 1 Report 10-30-20

SAE Expression College HEERF Quarter 2 Report 1-8-21

SAE Institute of Technology HEERF Quarter 2 Report 1-8-21