About Us - CARES Act - Luther Rice College & Seminary

Luther Rice College & Seminary

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About Us

CARES Act

CARES Act

Budget and Expenditure Reporting (Quarter 4 2020) - CARES

Budget and Expenditure Reporting (Quarter 1 2021) - CARES

Budget and Expenditure Reporting (Quarter 1 2021 - amended) - CARES

Budget and Expenditure Reporting (Quarter 2 2021)

Budget and Expenditure Reporting (Quarter 3 2021)

18004(a)(1)

  • Luther Rice College & Seminary signed and returned to the Department of Education the Certification and Agreement pertaining to Section 18004(a)(1) of the CARES Act, and 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.

  • The institution received a total of $300 from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.  All of those funds have been distributed.

  • The institution sent correspondence to on-campus students impacted by the transition to online courses due to COVID-19 and evaluated their responses as to eligibility for emergency funding with regard to Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.

  • An estimated 14 students were eligible to receive Section 18004(a)(1) funds

  • Less than 10 students received Section 18004(a)(1) funds

 

All funds for the student portion of Section 18004(a)(1) have been exhausted and no further public reporting will ensue – 10/20/2020

  • The institutional portion of the funds go toward reimbursement for COVID supplies

 

18004(a)(3)

  • Luther Rice College & Seminary signed and returned to the Department of Education the Certification and Agreement pertaining to Section 18004(a)(3) of the CARES Act.

  • As of 9/30/21, the institution has drawn down $351,615.30 to replace lost revenue

CRRSAA

  • Luther Rice participated in the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) and was awarded a total of $87,337 for student aid. As of July 2, 2021 Luther Rice has awarded all of these funds to the following:

     

    • $54,500 to 109 enrolled spring ’21 Pell students with the United States listed as their country (resulting in $500 per student) and
    • $32,837 (along with an additional $47,140 of CRRSAA institutional funds) to 503 enrolled spring ‘21 students with the United States listed as their country that did not receive a portion of the $54,500 (resulting in $159 per student)

     

ARP

  • Luther Rice participated in the American Rescue Plan Act, 2021 (ARP) and was awarded a total of $179,604 for student aid. As of July 2, 2021 Luther Rice has awarded a portion of the funds to the following:

     

    • $30,646 (along with an additional $354 of CRRSAA institutional funds) to 62 enrolled summer ’21 Pell students with the United States listed as their country (resulting in $500 per student)