CARES Act: Higher Education Emergency Relief Fund
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was signed into law on March 27, 2020, established the Higher Education Emergency Relief Fund (“HEERF”) to provide relief funding to institutions of higher education.
HEERF funds are allocated to the institution with the requirement that at least 50% of the HEERF funds (“Student Aid Portion”) must be used to provide Emergency Financial Aid Grants to students to help with expenses related to the disruption of campus operations due to the coronavirus. Institutions may use up to 50% of the HEERF funds for institutional costs (“Institutional Portion”) associated with significant changes to the delivery of instruction due to the coronavirus.
The University of Phoenix will use 100% of the HEERF funds received, including both the Student Aid Portion and Institutional Portion, to provide assistance directly to eligible students.
Reports regarding the University’s expenditure of its HEERF allocation, as required by the Department of Education, are posted below.
Most Recent Reports
- Emergency Financial Aid Grants (Student Aid Portion) FINAL REPORT
- HEERF Quarterly Budget and Expenditure Reporting (Institutional Portion)