Higher Education Relief Fund II (HEERF II)
*Edge Tech academy is a branch of Miller-Motte College Chattanooga, TN Campus
Platt College acknowledges that it has signed and returned to the US Department of Education the CARES Act Higher Education Emergency Relief Fund Certification and Agreement and Platt College and its branch campuses 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 total amount of funds that the Platt College has received from the Department under CRRSAA pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $12,944,467.00.
The total amount of Emergency Financial Aid Grants distributed to students under CRRSAA as of:
April 9, 2021 – $12,944,467.00
The estimated total number of students at the Platt College eligible to participate in programs under CRRSAA is 5,599 students.
The total number of students who have received an Emergency Financial Aid Grant to students under CRRSAA as of:
April 9, 2021 – 5,599 Students
The method(s) used by the Platt College to determine which students receive Emergency Financial Aid Grants and how much they would receive under CRRSAA is as follows:
- Active students (or on an approved leave of absence) on April 6, 2021 enrolled in Title IV eligible program.
- Completed a FAFSA and has demonstrated financial need.
- EFC on ISIR is under or equal to $5,711 (Students with EFC of $5,711 and below are eligible for Pell Grant
- Platt College awarded 90% of the total award amount received ($11,657,853.93) equally among the number of active students with a 0 EFC (4,832 Students) and 10% of the total award amount received ($1,295,317.10) equally among the number of active students with a non-zero EFC of $5,711 or less (767 Students). Students with 0 EFC received an award of $2,412.64 and students with a non-zero EFC of $5,711 or less received an award amount of $1,688.81.
- Platt College had $8,704.03 in awarded but unclaimed CARES Act HEERF I funds that was combined with the CRRSAA HEERF II funds and distributed to students under CRRSAA.
- Platt College contributed $22.72 to the total amount of funds received from the Department to ensure consistent awards.
As follows please find additional instructions, directions, and/or guidance for students concerning the Emergency Financial Aid Grants:
A HEERF II Emergency Financial Aid Grant has been awarded to you and sent to Bank Mobile for payment. Please see below for an FAQ regarding this grant:
HEERF II – Emergency Financial Aid Grants – Student FAQ
Why am I receiving this financial aid grant?
Under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), our institution received relief funds to distribute as emergency financial aid grants to eligible students of our institution. The Institution has prioritized grants to students with exceptional need.
What expenses can I use this grant money for?
Under the law, these grant funds may ONLY be used by eligible students for the cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care) or child care.
How do I apply my grant to my cost of attendance or tuition?
If students would like to use their grant for cost of attendance/tuition for a remaining balance due to the institution once you receive the grant from Bank Mobile you can make a manual payment by calling 1-866-801-1658 and select the option to make a payment (option 8) or by visiting the Financial Aid Office at your institution.
If students would like to use their grant to pay toward a student loan received to pay for the cost of attendance/tuition, the student should go to studentaid.gov and click on Manage Loans>Make a Payment and follow the prompts to make a payment.
What happens if my student status changes or I withdraw from school before I receive the grant?
Any current student who ceases to be an active student (or to be on an approved leave of absence) prior to the awarding and disbursement of the grant is no longer eligible to receive a grant. If an individual ceases to be eligible prior to receiving a grant, any funds that were to be awarded to that individual will be awarded to another student in need.
What if I do not claim the grant or cash the check?
If a student fails to claim funds within 30 days of receiving his or her grant, the award may be cancelled and the institution may distribute the funds to another student in need.
How will the grant be awarded/disbursed?
All eligible students will receive their grant through Bank Mobile based on their current refund preference. Bank Mobile offers three options to students when processing refunds:
- Deposit to a Bank Mobile Checking Account
- Deposit to a personal Financial Institution/Bank
- Refund sent via paper check
Students who do not have an account with Bank Mobile can call 1-866-801-1658 to speak with a Financial Services Officer or visit the Financial Aid Office at your institution to set up your account.