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Cares Reporting

CARES Act grant reporting – Initial Reporting June 15, 2020

 Yeshiva Derech Chaim has signed and returned 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.

Yeshiva Derech Chaim will receive or has received a total of $64,362 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.

 Yeshiva Derech Chaim has disbursed $64,362 to 96 students under Section 18004(a)(1) of the CARES Act as of June 15, 2020.

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 as of June 15, 2020 is 96.

The method used by Yeshiva Derech Chaim to determine which students receive Emergency Financial Aid Grants and how much they would receive is based on the total allocation and the number of Title IV eligible students as well as on a budget for expenses for food, course material, equipment needed to participate in the educational program due to the disruption of campus operations, travel home expenses and health care related expenses. $250 has been awarded to each dependent student. $1500 has been awarded to each independent student with dependents.

 Students received the following instructions with their grants: “As per the CARES Act, these grants are to be used for expenses that are related to the disruption of campus operations due to COVID-19. Including things like course materials and technology as well as food, housing, health care, and childcare.

CARES Act Grant Reporting July 30, 2020

Yeshiva Derech Chaim has disbursed $64,362 to 96 students under Section 18004(a)(1) of the CARES Act as of June 16, 2020. Yeshiva Derech Chaim has received a total of $64,362 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students.