Higher Education Emergency Relief Fund Report

Information on Funds Distributed to Students

Dorsey Schools Higher Education Emergency Relief Fund Report – 

Emergency Financial Aid Grants to Students

Quarterly Funding Report – Distribution as of October 1, 2020

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Higher Education Emergency Relief Fund (HEERF), Dorsey School of Business – OPEID 004692 and Taylortown School of Beauty – OPEID 022092[1] received education stabilization funds designated exclusively for emergency financial aid grants to students.

Pursuant to guidance issued by the Department of Education through an Electronic Announcement published on May 6, 2020, we are providing the following information about the funds we have received, and how, and to whom, we have distributed them.

  1. On April 9, 2020, the institution signed and returned to the Department the Recipient’s Funding Certification and Agreement (for) Emergency Financial Aid Grants to Students required to receive funds allocated under Section 18004(a)(1) of the CARES Act. The institution has used, or intends to use, no less than 100 percent of these funds received to provide emergency financial aid grants to students.
  2. The total amount of funds that the institution has received from the Department pursuant to the institution’s Certification and Agreement specifically for emergency financial aid grants to students is

    • Dorsey School of Business – $2,044,207

    • Taylortown School of Beauty – $187,930

  1. 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 this Fund Report is

    • Dorsey School of Business – $1,796,575

    • Taylortown School of Beauty – $127,800

  1. 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 potentially qualified to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act, as of the date of this Fund Report is

    • Dorsey School of Business – 2193

    • Taylortown School of Beauty – 180

  1. The total number of students who have received an emergency financial aid grant under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is

    • Dorsey School of Business – 1893

    • Taylortown School of Beauty – 129

  1. The methods we used to determine which students receive emergency financial aid grants and how much they would receive under Section 18004(a)(1) of the CARES Act are included below under “Student Emergency Funding Allocation”.
  2. The COVID Grant Form we provided to students concerning the emergency financial aid grants appear below under “Student Notices”.

[1] Dorsey School of Business locations: Madison Heights, Roseville, Roseville Culinary, Waterford Pontiac, Dearborn, Woodhaven, Saginaw and Wayne; Taylortown School of Beauty

 

Student Emergency Funding Allocation

 

All students in a school status of Active and Leave of Absence during the Spring A term (4/13/20), that have been determined eligible for Title IV funds, have been sent a Dorsey COVID Grant Form to complete electronically. Student that have not completed a FAFSA or whom have been identified as not being eligible for Title IV funds have been contacted separately; we have requested that they complete a FAFSA to determine their eligibility.

This process of identifying additional eligible students that are in a school status of Active and Leave of Absence will be repeated every six (6) weeks until funds are exhausted; new students will also be sent the Dorsey COVID Grant form to complete so they can be funded.

The form provides information about the emergency financial grant, including eligibility requirements. Students are requested to check applicable areas in which they need financial support for expenses related to the disruption of campus operations due to the Coronavirus (including education expenses, course materials, technology, food, housing, healthcare and childcare).  We have also requested any updated contact information to be used to mail payments. The form requires the student’s signature and attestation that the information provided is correct, and that they understand the purpose for the emergency financial aid grant funds.

Dorsey School of Business students are scheduled to receive up to a maximum of three (3) payments of $350 each, to be paid in six (6) week increments. Dorsey School of Business students will receive up to $1050 in regular payments, however, we will continue this process until all funds have been fully spent.  Students that withdraw or graduate from school will not receive payment(s) from the emergency financial aid grant.

Students attending Taylortown School of Beauty will also be scheduled to receive $350 payments every six (6) weeks, however students at this institution may receive up to six (6) regular payments totaling $2,100 while in school, however we will continue this process until all funds have been completely spent.

In addition to providing regular payments to all students in a school status of Active and Leave of Absence, we have provided students with extenuating circumstances, an additional payment. Where students indicate that they have extenuating circumstances and need for financial support for expenses related to the disruption of campus operations due to the Coronavirus (including education expenses, course materials, technology, food, housing, healthcare and childcare), we will award these additional funds. The amount awarded will be based on each student’s scenario.

We have posted information on this emergency financial aid grant to our website and sent multiple communications to our students to notify them of the availability of these emergency financial aid funds. We began sending the Dorsey COVID Grant Form to students on May 1st, 2020; an email from our School President & CEO was distributed on May 7, 2020, and on May 13, 2020 a notification was posted in Canvas, our online learning platform.

Student Notices

 

 

For questions or concerns regarding this Fund Report, please contact Zena Skinner at zskinner@dorsey.edu

 

Information on Funds Distributed to Students

Institutional Quarterly Budget and Expenditure Reporting

Reports Covering Quarter Ending 9/30/2020 (Includes data from 5/1/2020 thru 9/30/2020)

Dorsey School of Business Inc.

Taylortown School of Beauty