CARES Act Quarterly Budget and Expenditure Reporting

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act provides funding to colleges and universities through the Higher Education Emergency Relief Fund (“HEERF”). To comply with reporting requirements, Golden Gate University is providing information about the use of these funds. GGU has signed and returned to the Department of Education the Funding Certification and Agreement for Emergency Financial Aid Grants to Students under the CARES Act and intends to use no less than 50% of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

  1. 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 Student.

    GGU has been awarded the following amounts:
    • CARES 1: $232,074 May 2020
    • CARES 2: $232,074 March 2021
    • CARES 3: $791,369 May 2021

  2. 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.

    • As of December 31, 2021, GGU has awarded $812,500 in emergency grants.
    • As of September 30, 2021, GGU has awarded $761,000 in emergency grants.
    • As of June 30, 2021, GGU has awarded $511,000 in emergency grants.
    • As of March 31, 2021, GGU has awarded $233,000 in emergency grants.
    • As of December 31, 2020, GGU has awarded $220,500 in emergency grants.
    • As of September 30, 2020, GGU has awarded $198,000 in emergency grants.
    • As of July 2, 2020, GGU has awarded $81,000 in emergency grants.
    • As of May 22, 2020, GGU has awarded $48,500 in emergency grants.
  3. 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.

    Estimate is 1,408 students eligible at GGU.

  4. The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
    • As of December 31, 2021, 756 students have received an award.
    • As of September 30, 2021, 711 students have received an award.
    • As of June 30, 2021, 631 students have received an award.
    • As of March 31, 2021, 332 students have received an award.
    • As of Dec 31, 2020, 307 students have received an award.
    • As of Sept 30, 2020, 262 students have received an award.
    • As of July 2, 2020, 162 students have received an award.
    • As of May 22, 2020, 97 students have received an award.
  5. 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.

    Effective August 2021, GGU established a new need-based evaluation process for students with ongoing exceptional need.

    • Students submit a new emergency grant application online with a brief explanation of their need/circumstances.
    • Students are eligible to receive a one-time award up to $1,500.
    • Award amounts are based on various factors including loss of income, increased expenses due to COVID and a students’ Expected Family Contribution (EFC) as reflected on the Free Application for Federal Student Aid (FAFSA).
    • Students are eligible for a grant regardless of having a FAFSA on file or federal aid eligibility.
    • 1.3.22 update: Students that received a grant for fall 2021 and are registered for the spring 2022 term will automatically receive a second grant assuming need remains the same. If such student is not registered: that indicates a change in need and therefore the students will need to submit a new spring 2022 application for review.

    o Previously, from the onset of the pandemic through July 2021, GGU asked students who incurred unexpected expenses due to the disruption of classes at GGU to submit a request for funding, for a grant in the amount of $500. Students that received a first grant where then subsequently approved for second disbursement of the same amount automatically. All students were eligible to request another $500 grant if they continued to experience need from May through July 2021. Some students received up to $1,500 through this process.

  6. Instructions and guidance to students on how to apply for the funding was posted here.

Quarterly public reporting forms for (a)(1) Institutional Portion and (a)(2)(3) Funds can be found below: