July 9, 2021

Overview
The Supplemental Agreements and Frequently Asked Questions for the American Rescue Plan Act of 2021 (ARP) direct institutions receiving funds under Section 2003(a)(1) of the ARP (Pub. L. 117-2) to comply with applicable quarterly reporting requirements originally implemented through the CARES Act for HEERF I funding. Following this guidance, information on the use and distribution of both the student portion and the institutional portion of SNU’s ARP HEERF III funds will be posted no later than 10 days after the calendar quarter in which federal funds are drawn down.  SNU intends to draw down and to begin to award emergency grants to students in the Fall of 2021.

LINK TO INSTITUTIONAL QUARTERLY REPORT FORM

July 9, 2021

Overview
The Supplemental Agreements for the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) direct institutions receiving funds under Section 314(a)(1) of the CRRSAA (Pub. L. 116-260) to comply with applicable reporting requirements including those in Section 15011(b)(2) of Division B of the CARES Act. Until further guidance is issued by the U.S. Department of Education, information on the use and distribution of both the student portion and the institutional portion of SNU’s CRRSAA HEERF II funds will be posted no later than 10 days after the calendar quarter.

Student Quarterly Report
On January 17, 2021, SNU received $2,957,714 under Section 134(a)(1) of the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), Pub. L. No. 116-260 (December 27, 2020). Under Section 314(d)(5), institutions must use at least the same amount of funding to provide emergency financial aid grants to students as was required under Section 18004(a)(1) of the CARES Act. For SNU, this amount was $907,588.

LINK TO FINAL STUDENT QUARTERLY REPORT

Institutional Quarterly Report
On January 17, 2021, SNU received $ $2,957,714 under Section 134(a)(1) of the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), Pub. L. No. 116-260 (December 27, 2020). Pursuant to Section 314(d)(5), the college was required to disburse at least $907,588 as emergency financial aid grants to students. The remaining $2,050,126 of CRRSAA funds may be used to provide additional financial assistance to students, or to relieve pandemic-related expenses incurred by the college.

On January 17, 2021, SNU received $124,681 under Section 134(a)(2) of the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), Pub. L. No. 116-260 (December 27, 2020). The full $124,681 of CRRSAA funds may be used to provide additional financial assistance to students, or to relieve pandemic-related expenses incurred by the college.

As of April 2, 2021, SNU had drawn down $2,050,126 of its CRRSAA institutional funds from 134(a)(1) and $124,681 of CRRSAA Institutional SIP funds from 134(a)(2) to recover expenses related to the pandemic, including lost tuition and fee revenue and lost room and board revenue, and to provide additional emergency student grants of $66,267.44.

LINK TO FINAL INSTITUTIONAL QUARTERLY REPORT FORM

July 9, 2021

Overview
Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the CARES Act to submit a report to the Secretary of Education describing the use of funds distributed from the Higher Education Emergency Relief Fund (HEERF). In addition to providing this information in a report to the Secretary, participating institutions are required to post information to the public. Therefore, as required by the U.S. Department of Education, this page provides information about SNU’s participation in the CARES Act and the use and distribution of HEERF dollars.

On May 6, 2020, the Department of Education released preliminary reporting guidelines for institutions receiving HEERF grants. On August 28, 2020, the Department revised these guidelines, changing the frequency of the report on the student portion of the funds from every 45 days to quarterly. Information on both the student portion and the institutional portion will be posted no later than 10 days after the calendar quarter.

Student Quarterly Report
On May 4, 2020, SNU received $1,815,175 Section 18004(a)(1) of the Coronavirus Aid, Relief,and Economic Security Act (CARES Act). Pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students, half of that amount ($907,588) was distributed to eligible students impacted by campus disruptions due to the coronavirus.

LINK TO FINAL STUDENT QUARTERLY REPORT

Institutional Quarterly Report
On May 4, 2020, SNU received $1,815,175 Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students, half of that amount ($907,588) was distributed to eligible students impacted by campus disruptions due to the coronavirus. The remaining $907,587 of CARES funds may be used to provide additional financial assistance to students, or to relieve pandemic-related expenses incurred by the college.

On May 4, 2020, SNU received $89,684 Section 18004(a)(2) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These funds may be used to provide additional financial assistance to students, to relieve pandemic-related expenses incurred, or to provide reimbursement to SNU for refunds issued to student for tuition, fees, room, and board.

As of September 30, 2020, SNU had drawn down $987,587 of its CARES Act institutional funds from 18004(a)(1) and $89,684 of CARES Institutional SIP funds from 18004(a)(2) to recover reimburse refunds issued to students for room and board from the Spring 2020 academic term.

LINK TO FINAL INSTITUTIONAL QUARTERLY REPORT FORM

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