International Diving Institute
CARES Act Emergency Financial Aid Grants to Students Report as of June 1,2020
The CARES Act Higher Education Emergency Relief Fund (HEERF) provides one-time funding to institutions as emergency financial aid grants for their students with matching facility support. The financial aid grants are for eligible studentswhose studies have been disrupted by the Coronavirus pandemic and this disruption has caused financial hardship.
The International Diving Institute signed and returned to the U.S. Department of Education the Certification and Agreement stating that we have used or intend 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 International Diving Institute was awarded a total of $121,044.00 with a minimum allocation of $60,522.00 to distribute to students and $60,522.00 as the institutional portion.The total disbursements to students at this time is $60,522.02. This amount was distributed to 32 qualifying students.
Questionnaires were sent to all current students, in good standing, of qualified Title IV programs to determine if the student had suffered a hardship incurring additional expenses due to the disruption. The International Diving Institute then verified eligibility of affected students by checking eligibility for Title IV funding; registration with selective services and that the student was not in default of any loans. The funds were then distributed as evenly as possible to the eligible students.