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 received $232,074

  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 (i.e., as of the 30-day report and every 45 days thereafter).

    • As of December 31, 2020, GGU has awarded $220,500 in emergency grants (CARES only)
    • As of September 30, 2020, GGU has awarded $198,000 in emergency grants (CARES only)
    • As of July 2, 2020, GGU has awarded $81,000 in emergency grants (CARES only)
    • As of May 22, 2020, GGU has awarded $48,500 in emergency grants (CARES only)

  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 980 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 Dec 31, 2020, 305 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, Ninety-seven 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.

    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.

    Additionally, students that received a grant prior to June 30, 2020 and were enrolled for the fall 2020 semester received a second grant in the amount of $500 for the fall automatically.

  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: