Cares Act

Institutional Aid Report 09/30/2020 
Institutional Aid Report 12/31/2020
Institutional Aid Report 03/31/2021
Institutional Aid Report 06/30/2021

CARES ACT Emergency Financial Aid Grants to Students

FAIRFAX, COSTA MESA & SCOTTSDALE LOCATIONS

TONI&GUY Hairdressing Academy, based on regulation section 18004(a)(1), acknowledge 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 for Emergency Financial Aid Grants to students.

The total amount of funds we have received is $272,633.00 from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

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 05/20/20 is $237,544.24.

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 07/13/20 is $262,794.84.

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 07/13/20 is $272,633.00.  Total Number of Students paid on #198. Aid is now fully paid.

As of this time 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 student are One Hundred & Ninety Eight (198).

TONI&GUY Hairdressing Academy’s method(s) used to determine which students receive Emergency Financial Aid Grants is as follows:

1. Students must be eligible to participate in Title IV of the Higher Education Act of 1965.

This means you must complete the Free Application for Federal Student Aid (FAFSA)

2. Students must be eligible for Pell, Sub, unsubsidized or Plus loan.  They do NOT have to take out these loans or grants, just need to show students are ELIGIBLE to receive those funds.

3. Students that have become a Graduated student (From March 16) to PRESENT DAY from TONI&GUY Hairdressing Academy and was eligible for said loans and grants may also qualify for this aid as well.

4. Recent Drop student that dropped due to COVID-19 may also be eligible for the CARES ACT GRANT, but only if the reason for the drop was due to COVID-19 and it happened from March 16 to present day may also be eligible.

5. Metric determining factor for grants are based on the number of students that become eligible divided by the total amount of Cares Grant monies awarded at the 50% rate.

COVID-19 Title IV Frequently Asked Questions

Follow the link below

https://www2.ed.gov/about/offices/list/ope/covid19faq.html

Amounts per Eligible student $1,405.32 amounts may vary in order to pay out Total Cares Grant received.