“The Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, was passed by Congress on March 27th, 2020. This bill allotted $2.2 trillion to provide fast and direct economic aid to the American people negatively impacted by the COVID-19 pandemic. Of that money, approximately $14 billion was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund, or HEERF
Lincoln acknowledges that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(3) of the CARES Act to provide Emergency Financial Aid Grants to students
Lincoln has received $9,663,031 from the Office of Post-Secondary Education as the Higher Education Emergency Relief Fund (HEERF)
Lincoln has distributed $4,831,516 of Emergency Financial Aid Grants to students pursuant to HEERF FUNDS ACT
There are an estimated 2,638 students at Lincoln that are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(3) of the HIGHER EDUCATION EMERGENCY RELIEF FUND
2,638 Lincoln students have received an Emergency Financial Aid Grant to students under Section 18004(a)(3) of the CARES Act. - Higher Education Emergency Relief Fund (HEERF)
Lincoln used the Free Application for Student Aid (FAFSA) and actual student award data to determine which students received Title IV aid during the spring 2020 semester thru summer 2021. Students receiving Title IV aid were included in the list of students eligible to receive Emergency Financial Aid Grants. The base refund amount was $1,500.00. Those students who were Pell eligible with an EFC of $0-$5,711 were eligible to receive additional funds. Of the estimated 2,638 eligible students 884 received $2,088.74; 501 received $2,088.73; 201 received $1,794.11 and 1,052 received $1,500.00 each under Section 18004(a)(3) of the CARES Act. Due to rounding associated with large numbers, some students received 2 or 3 cents more.
Students receiving Emergency Financial Aid Grants were notified via their Lincoln email address of the amount and date of distribution. This email instructed them to select a refund preference and verify their address and/or their ACH deposit information so the funds would reach them in the shortest possible time.