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Registros contables

CARES Act Higher Education Emergency Relief Fund

Students

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In compliance with the Higher Education Emergency Relief Fund (HEERF) requirements under the CARES Act, Colegio Educativo Tecnólogico Industrial (CETI College), acknowledges the certification and agreement form was signed and returned and that CETI College intends to use the funds to provide the mandated amount of at least 50% of the relief funds in emergency financial aid grants to students. CETI will receive a total of $138,087 under the HEERF student portion. Of those funds, the total of $138,087 has been distributed to 43 students as of June 30, 2020. Approximately 58 students at CETI College are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and therefore potentially eligible to receive one of the emergency financial aid grants. Grants were awarded to students based on the students expected family contribution in association with their FASFA filed. CETI College verified each student was eligible to receive an emergency financial aid grant using its Student Information System or required the student to self-verify that they met Title IV requirements if they did not have a FASFA filed. Grants were then awarded based off EFC bands for full time students and part time students. Full time students as follows: EFC 0 – 1000 received $4,065.37, EFC 1001 – 5000 received $948.59. All students who self-verify they met Title IV requirements will receive the last tier based on whether they were full time or part time students.

 

 

 

 

 

Institutional

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In compliance with the Higher Education Emergency Relief Fund (HEERF) requirements under the CARES Act, Colegio Educativo Tecnologico Industrial (CETI College) acknowledges that it has not received the certification and agreement form for the Institutional part intended to provide the mandated amount of at least 50% of the relief funds in emergency financial aid grants to be used by the college for COVID related expenses. CETI College should receive a total of $138,087 under the HEERF institutional portion. CETI College plans to use the funds, to purchased $25,000.00 of laptop computers for student usage as well as 20 additional hotspots and data plans at a cost of $2,500. Our faculty will be provided online training to better prepare them to teach their courses via online with a cost of $0.00. CETI has also contracted with a local medical provider to have nurses on campus in order to provide assistance to the students and staff who may be infected with the virus. We have also plan to purchase $5,000 worth of rapid COVID-19 tests to ensure a quick response for employees and student who have symptoms and need testing. CETI College will use the remaining amount of money to provide technology needs for school and students as well as provide PPE campus wide throughout the Fall 2020 Semester.

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