The document provides an in-depth overview of the Higher Education Emergency Relief Fund (HEERF), outlining frequently asked questions to assist higher education institutions in navigating federal relief provided in response to the COVID-19 pandemic. HEERF disburses funds in three major tranches under the CARES, CRRSA, and American Rescue Plan (ARP) Acts, totaling over $77 billion, with significant portions mandated for direct student grants and the remainder available for institutional expenses based on designated formulas and requirements. The document details allocation methods, key deadlines, federal guidance governing expenditures, audit considerations, and the potential for grant flexibilities, including disaster relief exceptions that may extend beyond COVID-19-related awards.
The FAQs clarify HEERF’s compliance and administrative obligations such as the 90-day drawdown rule, reporting and audit requirements, questions regarding indirect (F&A) cost charges, and documentation of lost revenue claimed under the relief provisions. Additional guidance is referenced, including resources from the National Association of Student Financial Aid Administrators (NASFAA) and the Department of Education’s Office of Inspector General, as well as supplementary relief programs like the Provider Relief Fund for academic medical centers. The document emphasizes ongoing updates and the need for institutions to consult the latest federal communications since some guidance, especially for HEERF III, remains pending. Overall, it provides a comprehensive, practical framework to ensure compliance and optimal benefit from federal relief programs aimed at mitigating the pandemic’s impact on higher education.
