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American Rescue Plan (HEERF III) reporting – student portion

Student funding portion – HEERF III (American Rescue Plan - ARP) – October 2021 update – Final report

Oct. 31, 2021

The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s student portion pursuant to Public Law 117-2, signed into law on March 11, 2021 – American Rescue Plan (ARP), Section 2003(a) (1).
GCSOM has received $190,183 under ARP for direct student swards. This is the total required to be provided to students in the form of emergency financial aid grants.

The total amount of Emergency Financial Aid Grants distributed to students under Section 2003(a)(1) of ARP as of the date of submission of this report.
As of October 31, 2021, GCSOM has distributed total grants in the amount of $190,183 to 581. As of this date all funding under HEERF III has been awarded as direct grants. In addition, there was an additional $67 in direct student awards funded through the Institutional Portion of the HEERF III funding to assure all eligible students received the maximum award possible under the established guidelines. The average grant provided to students was $327 and the highest grant was $350.

The estimated total number of students at the institution eligible to participate in programs under and thus eligible to receive Emergency Financial Aid Grants to students under Section 2003(a)(1) of ARP.
Per the criteria below, the number of students eligible to receive funding equals 581 students. GCSOM enrolled 665 students as of Oct. 26, 2021, the fall semester / quarter.

The total number of students who have received an Emergency Financial Aid Grant under Section 2003(a)(1) of ARP.
As of Oct. 31, 2021, GCSOM has processed grants for 581 students.

The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 2003(a)(1) of ARP.
GCSOM distributed the funding received directly to medical and graduate students (including exclusively distance education courses) who, as of the date the awards are determined, had a 2021-22 Free Application for Federal Student Aid (FAFSA) or supplied financial information in order to determine financial need, and demonstrated financial need as determined by GCSOM’s Financial Aid Office. As a proxy to prioritize students with exceptional need, the expected family contribution (EFC) was used by the GCSOM’s Financial Aid Office to determine level of award with a range of $250 to $350 for eligible students. Students did not need to directly apply to be eligible.

Any instructions, directions or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
Various methods, emails, meetings, Broadcast messaging, informational sessions and digital signage were used to notify students of these awards and how to obtain more information as well as apply for additional financial aid do to the recent unemployment of a family member or dependent student. See communication to students by clicking here.

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