Higher Education Emergency Relief Fund III (HEERF III), Fall 2021
On March 11, 2021, President Biden signed the American Rescue Plan Act pf 2021 (ARP) (Pub. L. 117-2). The ARP appropriated funds for the Higher Education Emergency Relief Fund (HEERF) and authorized the third source of funds in response to Coronavirus.
Like HEERF I and HEERF II, this law provides funds to the institution to offset expenses related to Coronavirus mitigation and to provide emergency financial grants to students. In total, VMI will receive $2,869,291 of which 50% must be used for student grants.
The purpose of the financial aid grants for students is to provide assistance toward any component of a student’s cost of attendance or for emergency costs incurred since March 13, 2020, the date of the declaration of the national emergency.
Examples of emergency costs may include: “tuition, food, housing, health care (including mental health care) or childcare.”
As outlined in the HEERF guidance, students with exceptional need will be given priority and awards will be made using existing FAFSA (Free Application for Federal Student Aid) data. VMI has committed $250,000 of the institute’s portion to add to the student aid amount for a total of $1,684,646. This will be split over the 2021-2022 academic year with the first disbursement occurring in November 2021 and final disbursement in the Spring semester to presently enrolled cadets.
VMI acknowledges that the Certification and Agreement form was previously signed and returned and has used no less than the required amount of funds stipulated in the ARP Act to provide HEERF grants to students.