RIVEROAK Technical College (RTC) has signed and returned the Certification and Agreement form to receive funds from the Federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act.) The CARES Act established and funded the Higher Education Emergency Relief Fund (HEERF) to provide emergency financial aid grants for students to help with expenses incurred due to the disruption of on-campus instruction. These funds are disbursed to students to assist with food, housing, course materials, technology, healthcare, childcare, or other expenses. In accordance with the Federal CARES Act, RIVEROAK Technical College’s total HEERF allocation is $269,159, of which $134,580 will be awarded to students as emergency financial aid grants.
Students who meet the following criteria will be eligible to receive these funds:
- Enrolled as of March 13, 2020 in a Career Certificate program
- Completed a 2019-2020 FAFSA or eligible to complete
- Have been financially impacted due to disruption of instruction due to COVID-19
RIVEROAK Technical College has determined there are 139 students who meet the above criteria. RTC will be dividing $134,580 equally among identified students. Each student will receive a check in the amount of $968.20 and students will be required to sign the Emergency Financial Aid Grants to Students under the CARES Act form to acknowledge receipt of funds.
Updated: July 23, 2020
Disbursement I ($134,580.00)
Monies expended to date: $133,611.80
Monies available: $968.20
Remaining balance will be dispersed Fall 2020 to students.
Disbursement II ($134,580.00)
Monies expended to date: $62,307.08
Monies available: $72,271.92
Expenses to date:
$6,253 – Expense for classroom teachers
$11,415.73 – Repairs and maintenance
$2,000 – Other purchased services
$1,836.39 – Supplies
$30,398.70 – Capitalized furniture, fix, and equipment
$4,952.17 – Non-capitalized furniture, fix and equipment
$8,000 – Capitalized computer hardware
$6,000 – Software more than $750.00
$2,000 – Software less than $750.00