CARES Act Reporting Requirements & Disclosure
In accordance with the U.S. Department of Education, Office of Postsecondary Education, and Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the following information is provided to the public for reporting purposes and will be updated every 45 days after the initial 30-day report from the date CIAT received its allocation.
- This statement acknowledges that the California Institute of Arts & Technology (CIAT) signed and returned a Certification and Agreement on April 29, 2020, to the Department of Education, and assures that the CIAT 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.
- CIAT received a total of $388,044 from the Department of Education under Section 18004(a)(1) of the CARES Act. The total amount of funds that the CIAT received on May 20, 2020, for distribution of emergency financial aid grants to students was $169,022.
- The total amount of Student Emergency Aid Grant funds distributed to students under Section 18004(a)(1) of the CARES Act as of December 31, 2020 is $169,022.
- The estimated total number of students at the CIAT eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Student Emergency Aid Grants to students under Section 18004(a)(1) of the CARES Act is 234.
- The total number of students who have received a Student Emergency Aid as of December 31,2020, is 99.
- The methods used by the CIAT to determine which students receive Student Emergency Aid Grants and how much they will receive under Section 18004(a)(1) of the CARES Acts are as follows:
- Students who completed the CARES Act Student Emergency Aid Grant application
- Amounts will be awarded equally to all who qualified based on the submitted application.
- Instructions, directions, or guidance provided by CIAT to students concerning the Student Emergency Aid Grants are:
- Email message from the Financial Department to students; institutional website; and social media (included information on general instructions on the purpose and allowable use of funds; disbursement information; application; link to the application; contact information; additional emergency aid resources for students).
- Information regarding the facts surrounding the CARES Act and the Higher Education Emergency Relief Fund is prominently displayed on the FAQ CARES site