CARES Act Emergency Funding Information
Northpoint Bible College has signed and returned to the Department of Education the Certification and Agreement for Emergency Financial Aid Grants to Students and intends to use the funds to provide the mandated amount of at least 50% of the Higher Education Emergency Relief Fund (HEERF) grants to students.
Northpoint Bible College intends to use $211,555 of the funds it received under Section 18004 (a)(1) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial grants to students. Effective May 13, 2020, a total of $186,100 in grants were distributed to 190 full time on and off campus students who were Pell and non-Pell eligible under Title IV. The estimated students who may be eligible to receive funds is 219 (190 students who received funds and 29 part time Title IV eligible students who can request funds in the future if needed.
A CARES Emergency Committee was formed and decided to give emergency funds to all full time Title IV eligible students utilizing a block system outlined below:
- Block #1: Haverhill Full time Pell eligible students who were on campus $2,000
- Block#2: Haverhill Full time Non-Pell eligible students who were on campus $1,500
- Block#3: Haverhill Full time Pell eligible students who were off campus $1,000
- Block#4: Haverhill Full time Non-Pell eligible students who were off campus $500
- Block#5: Additional Locations… Arkansas and Grand Rapids students who were full time Pell eligible $200
- Block#6: Additional Locations… Arkansas and Grand Rapids students who were full time Non-Pell eligible $100
Instructions, guidance or direction given to the students regarding emergency funding was as follows:
The initial instruction on CANVAS informed all students of the availability of funds and requested completion and submission of an application for funds along with receipts of expenses, if possible. The application was later eliminated due to changes in the DOE guidance. A letter of explanation and a Confirmation of Receipt and Usage of Emergency Funds form was mailed to the students along with a check. The letter requested that students cash or deposit their check within 30 days. The form requested students to promptly sign and return the Confirmation of Receipt and Usage of Emergency Funds form in an enclosed return envelope. Effective Date of Reporting September 30,2020.
On November 19, 2020, the CARES Act Committee granted an additional amount of $24,560 in emergency grant relief funds to 58 on-campus Haverhill students. Checks in the amount of $385 each were given to 56 students and checks in the amount of $1,500 each were granted to 2 students who were deemed more needy. The students were instructed to sign and promptly return a Confirmation of Receipt and Usage of Emergency Funds form.
The balance remaining is $895.00.
Effective Date of Reporting: December 30, 2020.
Higher Education Emergency Relief Fund (HEERF) Annual Reporting December 30, 2020
Schools Initial Distribution: $211,555 Additional Distribution: $76,890 Total: $288,455
- Reimbursements for tuition, housing, room and board, or other fee refunds: $176,395.99
- Covering cost of providing additional technology: $ 69,421.28
- Limiting on campus housing to one student per room: $ 35,015.00
- Campus safety and operations $ 64,616.78
Total annual expenditures: $345,449.05