CARES Funds – Institutional Portion Quarterly Budget and Expenditure Report
Quarterly Budget and Expenditure Reports
Quarterly Budget and Expenditure Reports
Georgia Northwestern Technical College (GNTC) has been awarded funds through the Higher Education Emergency Relief Fund (HEERF III) to distribute grants to students in need to cover any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus.
Following the guidance provided by the Department of Education, GNTC has identified students who attended the fall semester, of 2021 who are eligible for HEERF III grant funds. Please note that eligibility may change based on guidance from the Department of Education. Refunds are issued through BankMobile and students must select a refund preference. Information regarding BankMobile may be found on GNTC’s Refund page. Eligible students have been notified by email.
Awards will be administered in two phases:
Phase I Eligibility:
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
Zero EFC + FT (12 or greater credit hours)
Zero EFC + PT (0-11 credit hours)
EFC $1 – $5,846
EFC $5,847 – $999,999
No Known EFC – Application Required
Award Amounts
$ 1,500
$ 1,250
$ 1,000
$ 750
$ 500
Students
559
1039
882
766
TBD
Total Awarded
$ 838,500
$ 1,298,750
$ 882,000
$ 574,500
TBD
Phase II Eligibility:
Exclusions:
Georgia Northwestern Technical College (GNTC) has been awarded funds through the Higher Education Emergency Relief Fund (HEERF III) to distribute grants to students in need to cover any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus.
Following the guidance provided by the Department of Education, GNTC has identified students who attended the fall semester, of 2021 who are eligible for HEERF III grant funds. Please note, that eligibility may change based on guidance from the Department of Education. Refunds are issued through BankMobile and students must select a refund preference. Information regarding BankMobile may be found on GNTC’s Refund page. Eligible students have been notified by email.
Awards will be administered in two phases:
Phase I Eligibility:
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
Zero EFC + FT (12 or greater credit hours)
Zero EFC + PT (0-11 credit hours)
EFC $1 – $5,846
EFC $5,847 – $999,999
No Known EFC – Application Required
Total
Award Amounts
$ 1,500
$ 1,250
$ 1,000
$ 750
$ 500
Students
610
1160
929
852
93
3644
Total Awarded
$ 915,000.00
$ 1,450,000.00
$ 929,000.00
$ 639,000.00
$ 46,500.00
$ 3,979,500.00
Phase II Eligibility:
Exclusions:
Georgia Northwestern Technical College (GNTC) has applied for and has been awarded federal funds under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), enacted December 27, 2020. Following the guidance provided by the Department of Education, GNTC has identified students who attended the spring semester, of 2021 who are eligible for relief funds. Please note, that eligibility may change based on guidance from the Department of Education. Refunds are issued through BankMobile and students must select a refund preference. Information regarding BankMobile may be found on GNTC’s Refund page.
Awards will be administered in two phases:
Phase I Eligibility:
Tiers & Awards
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
Zero EFC + ¾ time (9 or greater credit hours)
Zero EFC + PT ( 1-8 credit hours)
EFC $1 – $5,711
EFC $5,712 or higher
No Known EFC – Application Required
Total
Award Amounts
$ 500.00
$ 450.00
$ 400.00
$ 350.00
$ 300.00
Students
1040
841
941
872
40
3734
Total Awarded
$ 520,000.00
$ 378,450.00
$ 376,400.00
$ 305,200.00
$ 12,000.00
$1,592,050.00
Phase II Eligibility:
Exclusions:
As of September 16, 2020, GNTC has disbursed $1,592,065 to 2,137 students under Section 18004(a)(1) of the CARES Act. The initial disbursement to students was $475. After additional eligible students were identified, all students who had previously received funds received an additional disbursement of $270. In total, each student received $745 in CARES Act funding. This final disbursement has expended the student portion of CARES Act funding.
As of 14, 2020, GNTC has disbursed $1,013,650 to 2,134 students under Section 18004(a)(1) of the CARES Act. As additional students are identified as meeting the criteria, additional awards will be made.
As of July 23, 2020, GNTC has disbursed $894,900 to 1,884 students under Section 18004(a)(1) of the CARES Act. As additional students are identified as meeting the criteria, additional awards will be made.
As of July 9, 2020, GNTC has disbursed $885,875 to 1,865 students under Section 18004(a)(1) of the CARES Act. As additional students are identified as meeting the criteria, additional awards will be made.
Georgia Northwestern Technical College (GNTC) signed and returned the Recipient’s Funding Certification and Agreement Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 27, 2020. GNTC intends to use the funds to provide the mandated amount of at least 50% of the emergency financial aid grants to students.
Georgia Northwestern Technical College (GNTC) has applied for and has been awarded federal funds under the CARES (Coronavirus Aid, Relief, and Economic Security) Act. Following the criteria provided by the Department of Education, GNTC has identified students who attended the spring semester who are eligible for relief funds. Refunds to eligible students will be automatic – with no action required by the student. Disbursement through BankMobile is underway and should be complete by early next week. Information regarding BankMobile may be found on GNTC’s Refund page.
Eligibility (this may change as we continue to receive guidance from the Department of Education):
Exclusions:
Contact Lagare Price for more information.