CARES Act

Education Secretary Betsy Devos has announced the release of emergency funds for colleges and universities to help students in financial distress amid the COVID-19 pandemic. Ranken will start disbursing funds to eligible students once the funds are released to the college. Current, eligible students, please make sure you have setup e-refunds.

 

Eligible students that will receive Emergency Relief Grants due to the CARES Act need to sign up for e-refunds ASAP! Please visit this link and follow the instructions on Inside Ranken for applying for e-refunds.

 

CARES Act Data\Reports – More Coming Soon!

The Certification and Agreement directs each institution applying for HEERF funds to comply with Section 18004(e) of the CARES Act and submit an initial report (the “30-day Fund Report”) to the Secretary thirty (30) days from the date of the institution’s Certification and Agreement to the Department. The Department will provide instructions for providing the required information to the Secretary in the near future. In the meantime, each HEERF participating institution must post the information listed below on the institution’s primary website. The Department would like to receive the most current information from the date when the institution received its allocation for emergency financial aid grants to students, and the institution should have received its allocation within a few days after submitting the Certification and Agreement. Accordingly, the following information must appear in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter:

  1. An acknowledgement that the institution 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.
      • Ranken Technical College has signed and returned the appropriate Funding Certification and Agreement to the U.S. Department of Education.  In a timely fashion, Ranken fully intends to provide at least 50% of the CARES Act funds received under Section 18004(a)(1) to students in the form of Emergency Financial Aid Grants.
  2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
      • Ranken Technical College has received an allocation of $1,092,964 to be distributed to students as Emergency Financial Aid Grants to Students.
  3. 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 submission (i.e., as of the 30-day Report and every 45 days thereafter).
      • Ranken Technical College has distributed a total of $1,065,750 to date – as Emergency Financial Aid Grants to Students.
  4. 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 eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
      • The total number of students at Ranken Technical College who are 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 to students under Section 18004(a)(1) of the CARES Act is 1225.
  5. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
      • The total number of students who have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act is 1225.
  6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
      • Ranken Technical College is committed to assisting as many students as possible through the COVID-19 pandemic.  The determination was made that to best meet the need of those students, Ranken Technical College would distribute all money equally to those who qualified.  Qualification was determined by enrollment status during the 2019-2020 Spring semester at the time of the emergency declaration and eligibility to participate in Federal Financial Aid Title IV programs.
  7. Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
      • Ranken sent out emails to all eligible students and posted banner messages on our websites to alert students to check on their eligibility and act on it.