Cares Act

CARES ACT

**This is a final report that covers all Cares Act student portion funds.**

  • TONI&GUY Hairdressing Academy acknowledges that the Academy 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.
  • The total amount of funds we have received is $289,022 from the Department of
    Education pursuant to the institution’s Certification and Agreement for Emergency
    Financial Aid Grants to Students. Of the $289,022.00 exactly half of that allocation,
    $144,511.00, is specifically designated for disbursement to students.
  • The total amount of Emergency Financial Aid Grants distributed to students based
    on need so far under Section 18004(a)(1) of the CARES Act is $144,511.
  • It is estimated the total number of students at the academy 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 under Section 18004(a)(1) of the
    CARES Act is 103.
  • The total number of students who have received an Emergency Financial Aid Grant
    to students under Section 18004(a)(1) of the CARES Act is currently 103.
    • The method of determination as to which students will receive the Emergency
    Financial Aid Grants and how much they would receive under Section 18004(a)(1)
    of the CARES Act is as follows. The Academy will split the student’s portion and
    award 60% now and hold the 40% remaining for future student needs as they arise.
    The total number of eligible students will be counted and divided into the 60%
    award to get a flat dollar amount with Pell eligible students receiving a greater
    amount. $1,300 will be awarded to any student who received a Pell grant and $706
    will be awarded to remaining eligible students.
  • Active students as of March 23, 2020 or on an approved leave of absence as of
    March 23, 2020 or graduated or who have dropped from the program after March
    23, 2020 and who are Title IV eligible. *12/27/20 no longer had to be Title IV
    eligible.
  • Meeting standards of academic progress
  • A USA Citizen or permanent resident
  • Students who are not receiving Title IV aid are encouraged to fill out a FAFSA to
    determine if they are Title IV qualified. Any student who does not apply will be
    asked to sign a refusal form. *12/27/20 – Student does not have to be Title IV
    eligible to qualify.
  • The students are encouraged to use the funds to pay for any out of pocket expenses
    they incurred in transferring their education to a distance learning environment as
    well as expenses incurred due to the COVID-19 pandemic.
  • Checks will be cut for eligible students.
  • Revised 4.5.21