Fund Disbursement Information CARES Act Relief Fund, HEERF (I, II & III)

CARES Act

 

  1. THE CONSERVATORY OF MUSIC OF PUERTO RICO SIGNED AND SUBMITTED TO THE FEDERAL DEPARTMENT OF EDUCATION THE CERTIFICATION AND AGREEMENT REQUIRED TO REQUEST AND DISTRIBUTE THE FUNDS AVAILABLE UNDER THE “CARE GRANTS RELIEF FUNDS” PROGRAM. The Puerto Rico Conservatory of Music is committed to using the 50% of the funds received under “Section 18004 (a)(1) of the “CARES ACT” to provide emergency financial assistance to students.
  2. The total amount of funds that the Institution received from the Department amounted to $274,273.00 in accordance with the “Certification and Agreement” document signed for the emergency financial aid program for students.
  3. The total funds distributed from the CAREGRANTS RELIEF FUNDS program to students under Section 18004(a)(1) of the CARE GRANTS ACT amounted to the total allocated $274,273.
  4. The estimated total number of students at the Institution who were eligible to participate in the student financial aid program under Section 484 of the Higher Education Act of 1965, as amended, and for which they were eligible to receive Emergency Financial Aid Grants” to students under section 18004(a)(1) of the “CARE ACT.”
  5. A total of 372 students received Emergency Financial Aid Grants under Section 18004 (a)(1) of the CARE ACT.
  6. The method used by the Financial Aid Office of the Puerto Rico Conservatory of Music to determine the students who received help from “Emergency Financial Aid Grants” was all those students who completed the 2019-2020 FAFSA application. The amount of $775.00 per student was determined according to the potential candidates to be considered under Section 18004 (a)(1) of the “CARE ACT”. New students from August 2020 were attended and assigned $500/student.
  7. The Conservatory gave the opportunity to those students who to date had not completed the 2019-2020 FAFSA to complete it with the objective of facilitating their compliance with Title IV regulations and being able to evaluate economic need according to the cost of studies. of the students.
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