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CARES Act Disclosure and Reports

AMERICAN ADVANCED TECHNICIANS INSTITUTE - OPEID 03491400

Disclosure regarding CARES Act Emergency Financial Aid Grants to Students
June 26, 2020

The federal stimulus legislation known as the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Pub. L. No. 116-136, signed into law by the President on March 27, 2020, included relief to institutions and students for costs associated with the COVID-19 (coronavirus) pandemic. Under Section 18004(a)(1) of the CARES Act, the U.S. Department of Education (“Department”) has allocated funds to American Advanced Technicians Institute at least fifty percent (50%) of which must be used to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to the coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care) (“Emergency Grants”). See CARES Act § 18004(c).

  1. 1.The Institute acknowledges that it signed and returned to the Department the Certification and Agreement and assures that it has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Grants to students. The total amount of funds AATI received on June 22, 2020, from the U.S. Department of Education for distribution to students is $52,187.00
  2. 2.The total amount of Emergency Financial Aid Grants distributed to students under section 18004(a)(1) of the CARES Act as of June 26, 2020, is $0.
  3. 3.The estimated total number of students at AATI 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 under section 18004(a)(1) of the Cares Act is 31.
  4. 4.The total number of students who received an Emergency Financial Aid Grant under section 18004(a)(1) of the CARES Act is 0.
    1. -An enrolled student from March 13, 2020 thru June 30, 2020.
    2. -Eligible for funding under a Title IV of the Higher Education Act of 1965. A free FAFSA application must have been completed. Students who have not completed one, may still submit one by clicking: https://studentaid.gov/h/apply-for-aid/fafsa
    3. -Student must be meeting SAP.
    4. -Students must sign and submit an attestation that they have incurred, or expect to incur, expenses related to the disruption of campus operations due to the coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care). Students will be instructed not to submit the attestation form unless they have incurred, or expect to incur, such expenses. Students will also be instructed to return Emergency Grant funds that exceed their relevant expenses.

The CARES Act and AATI’s Certification and Agreement to the Department contain additional reporting requirements, and the Department has announced that it will provide instructions for completing this reporting in the future. The Institute is awaiting such further instructions before reporting information directly to the Department. Questions regarding this disclosure should be directed to Nayibe M. Fondeur, Chief Operating Officer, at nmarino@AATI.edu.

This disclosure is being provided no later than 30 days following the Institute’s receipt of its allocation under Section 18004(a)(1) of the CARES Act reserved for Emergency Grants, and will be updated every 45 days thereafter.

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