CARES

Rosemont College is required to provide regular reporting on the use of funds authorized by the CARES Act. Funds received by Rosemont College under the CARES Act were authorized by Congress and signed into law by the President on March 27, 2020.  The information noted below is intended to not only meet the reporting requirements of the CARES Act but also provide information to the College community regarding Rosemont’s use of the student grant portion of the Higher Education Emergency Relief Fund (HEERF).

Section 18004(e) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”)), Pub. L. No. 116-136, 134 Stat. 281 (March 27, 2020), directs institutions receiving funds under Section 18004 of the Act to submit (in a time and manner required by the Secretary) a report to the Secretary describing the use of funds distributed from the HEERF.

Section 18004(c) of the CARES Act requires institutions to use no less than 50 percent of the funds received from Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, healthcare, and childcare).

Rosemont College was required to sign a Certification and Agreement in order to access funds under this program. This Certification and Agreement requires each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act. A part of this compliance includes:

“The following information must appear in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and be updated every 45 days thereafter:

1. An acknowledgement 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)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

• Rosemont College signed and submitted the U.S. Department of Education Certification and Agreement for Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act on April 13, 2020. The U.S. DOE provided Rosemont College with an electronically signed Grant Award Notification (GAN) on April 25, 2020.

2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

• Rosemont College received $326,571 for Emergency Financial Aid Grants to Students.

3. The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).

• $326,571

4. The estimated total number of students at the institution 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)(1) of the CARES Act.

• 215 Title IV Eligible Rosemont Students

5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.

• Grant processing for the 215 eligible students noted above began on 5/19/20.

6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.

• Rosemont College identified all currently enrolled, full-time, undergraduate students within the College's financial aid system who met the eligibility guidelines for a Pell Grant. Enrollment statuses and continued federal aid eligibility were confirmed for each student prior to disbursement of emergency funds as outlined in the CARES Act and additional guidance from ED.
• Each student’s Pell grant amount was identified, and total CARES grant funds were distributed on the same basis as total Pell funds per student. Hence, students with highest need received highest grant amount, with amounts per student being lowered for those students with a lower need as measured by their Pell Grant eligibility.

7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.

What was the total amount of funding Rosemont College Received?

The total amount of funding Rosemont received from the Department of Education for Emergency Financial Aid Grants was $2,142,944.

What is the total amount of Emergency Financial Aid Grants Rosemont paid?

The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of September 30, 2021, is $728,112.53.

What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?

 Rosemont estimates that there were 518 active students enrolled in the Spring 2021 term with a FAFSA on file and eligible to participate in Title IV Financial Aid Programs under the Higher Education Act of 1965.

What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding?

There are a total of 170 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act for the HEERF II distribution. Rosemont College issued $326,571 to students in HEERF II funding.

What method did Rosemont College use to distribute Cares Act Funding?

In our commitment to assisting students during the global pandemic, Rosemont issued Emergency HEERF II Financial Aid Grants to students who demonstrated the highest need during the Spring 2021 semester. Students were determined to be of the highest need if a 2020-2021 FAFSA application was on file with Rosemont and the students were eligible for a Federal Pell Grant based on their Expected Family Contribution (EFC).

Rosemont College created a wide-ranging and equitable distribution system among the students with the highest demonstrated need according to the 20-21 FAFSA, housing status and full-time, part-time, or less than half time enrollment. The payment represents a percentage of the students Federal Pell Grant eligibility and ranged from $2,461.62 to $307.65.

Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.

What was the total amount of funding Rosemont College Received?

The total amount of funds Rosemont received from the Department of Education for Emergency Financial Aid Grants is $2,142,944.

What is the total amount of Emergency Financial Aid Grants Rosemont paid?

The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of September 30, 2021, is $728,112.53.

What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?

Rosemont College estimated 338 students were eligible for the HEERF III distribution during the Summer 2021 semester.

What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding?

There are a total of 177 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $76,250 as of September 30, 2021, for the HEERF III distribution.

What method did Rosemont College use to distribute Cares Act Funding?

In Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Summer 2021 semester and matriculating toward a degree program.

• Rosemont College issued $750 payment to students who were Pell eligible with valid 2020-2021 FAFSA’s on file.
• Rosemont College issued $500 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2020-2021 FAFSA on file.
• Rosemont College issued $250 to students who did not submit a valid 2020-2021 FAFSA.

To inquire about Rosemont College’s HEERF Distributions or to apply for a Cares Act Emergency Financial Aid Grant, please contact Sharna Patterson, Director of Financial Aid sharna.patterson@rosemont.edu or Juliann Ewing, Rosemont College’s Bursar juliann.ewing@rosemont.edu.

Rosemont has signed and returned to the Department of Education the Certification of Agreement and has used, or intends to use, no less than 50 percent of the funds received under Section 18004 (a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.

What was the total amount of funding Rosemont College Received?

The total amount of funds Rosemont received from the Department of Education for Emergency Financial Aid Grants is $2,142,944.

What is the total amount of Emergency Financial Aid Grants Rosemont paid?

The total amount of Emergency Financial Aid Grants issued to Rosemont students under the CARES Act as of December 31, 2021, is $890,012.53.

What is the total amount of students Rosemont College estimates as eligible for Cares Act Funding?

Rosemont College estimated 338 students were eligible for the HEERF III distribution during the Summer 2021 semester and 740 students during the Fall 2021 semester.

What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding for Summer 2021?

There are a total of 214 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $86,500 as of December 31, 2021, for the Summer 2021 HEERF III distribution.

What is the total amount of students who received an Emergency Financial Aid Grant at Rosemont College in Cares Act Funding for Fall 2021?

There are a total of 204 students who received an Emergency Financial Aid Grant under Section 18004 (a)(1) of the CARES Act in HEERF III funding. Rosemont issued $151,650 as of December 31, 2021, for the Fall 2021 HEERF III distribution.

What method did Rosemont College use to distribute Cares Act Funding?

For Summer 2021, in Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Summer 2021 semester and matriculating toward a degree program.

• Rosemont College issued $750 payment to students who were Pell eligible with valid 2020-2021 FAFSA’s on file.
• Rosemont College issued $500 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2020-2021 FAFSA on file.
• Rosemont College issued $250 to students who did not submit a valid 2020-2021 FAFSA.

For Fall 2021, in Rosemont’s continued effort to assist students during the global pandemic, Rosemont College moved to issue Emergency HEERF III Financial Aid Grants to all students who were enrolled during the Fall 2021 semester and matriculating toward a degree program.

• Rosemont College issued $900 payment to students who were Pell eligible with valid 2021-2022 FAFSA’s on file.
• Rosemont College issued $650 payment to students who were either ineligible for a Federal Pell Grant or enrolled in a Graduate level program with a valid 2021-2022 FAFSA on file.
• Rosemont College issued $400 to students who did not submit a valid 2021-2022 FAFSA.

To inquire about Rosemont College’s HEERF Distributions or to apply for a Cares Act Emergency Financial Aid Grant, please contact Sharna Patterson, Director of Financial Aid sharna.patterson@rosemont.edu or Juliann Ewing, Rosemont College’s Bursar juliann.ewing@rosemont.edu.