What is the Higher Education Emergency Relief Fund III?
The Higher Education Emergency Relief Fund III (HEERF III) is authorized by the American Rescue Plan (ARP), Public Law 117-2, signed into law on March 11, 2021, providing $39.6 billion in support to institutions of higher education to serve students and ensure learning continues during the COVID-19 pandemic.
Is this different from the CARES Act funds and CRSAA funds distributed previously?
Yes. This is another relief fund in recognition of the ongoing financial hardship caused by COVID-19.
How much money did Loyola receive under HEERF III?
Loyola received $4,032,953 to distribute to students.
Who is eligible to receive HEERF III funds from Loyola?
All students who were enrolled at Loyola in the Spring 2021 semester are eligible for these funds if they demonstrate exceptional need. This includes citizens, permanent residents, refugees, asylum seekers, Deferred Action for Childhood Arrival (DACA) recipients, other DREAMers, and similar undocumented students. International students may also receive HEERF III funds.
Eligible students should have received an email notification with information about how to apply for your grant. If you believe you are eligible and did not receive the email notification, please contact Student Financial Services at email@example.com.
How much money will I receive?
Students who filed a FAFSA for the 2020 – 2021 academic year and who were eligible for Pell Grants will automatically receive $1,000. All other students who demonstrate need will receive $800.
How will these funds be distributed?
After affirming eligibility, Loyola will apply grants directly to student accounts, either recognizing it as a credit against balances owed or paid in the form of a direct deposit (if set up) or sending a paper check by U.S. mail to the address on file with the university.
I am enrolled in an online program. Am I eligible for a HEERF III grant?
Yes. Students enrolled exclusively in online programs are eligible, provided that they can demonstrate exceptional need.
I am an international student. Am I eligible for a HEERF III grant?
Yes. International students who were enrolled at Loyola in Spring 2021 are eligible, provided that they can demonstrate exceptional need.
Do I have to have filed a FAFSA to receive HEERF III funds?
No. If you did not receive a Pell Grant, you can still demonstrate exceptional need and qualify for $800.
I have received a COVID-relief stimulus check from the federal government. Am I still eligible to receive a HEERF III grant?
Yes. The American Rescue Plan Act of 2021 stimulus payments are separate from the Higher Education Emergency Relief fund.
I have an outstanding tuition or housing balance. Can I apply these funds to that balance?
Yes, you may choose to have the grant applied to your existing Loyola balance or to receive a refund.
Can I apply this grant to my fall bill if I don’t have an outstanding balance?
Yes, this grant can sit as a credit in your student account to be applied toward your next bill.
When will I receive my funds?
Students who request and are approved for emergency relief will have funds posted to their account or a refund generated within 10 – 15 business days of approval.
How will I be notified if my request is approved?
When you submit your application, you will receive an email confirming your application and noting that you will receive your funds within 10 – 15 business days of approval. Students whose requests are denied will be notified by email with instructions about the appeal process.
Do these funds affect any other financial aid I receive from Loyola?
No. HEERF III grants do not affect your financial aid package.
What qualifies as “exceptional need” for HEERF III?
Students who receive Pell Grants automatically qualify. Other types of exceptional need include significant unexpected expenses, such as the loss of a job (either by the student or their families), reduced income, or food or housing insecurity.
Will all eligible students receive the HEERF grant funds?
Yes. We have allocated our disbursement so that all students who are eligible will receive grants. If funds go unclaimed, university leadership will convene to determine a distribution and/or appeal process for the unclaimed funds.
Can I use this grant to pay my tuition bill?
Yes, you will choose between a refund or a credit to your student account.
Do I have to keep receipts or provide anything to Loyola?
You do not. Other than filling out the form in LORA, you do not have to provide anything to Loyola.
Is this grant considered taxable?
No. This emergency grant will not be included in your gross income.
Can I donate my funds to someone who needs them more if I do not need this award?
Yes, and thank you. If you do not claim your grant, the money will remain in the fund to provide additional assistance to other Loyola students beyond their initial HEERF III grant.