Talmudical Seminary of Bobov

45-day Report for CARES Act Funding

Emergency Financial Aid Grants to students required 45-day report

CARES Act – Emergency Financial Aid Grants to Students Required 45-day Report (8/13/2020)

On March 27, 2020, the President of the United States signed the CARES Act (H.R. 748), which provides emergency relief funds to organizations and individuals affected by the coronavirus pandemic. The Higher Education Emergency Relief Fund (HEERF), found in Section 18004 of the CARES Act, provides funding to institutions of higher education “to prevent, prepare for, and respond to coronavirus.” The following information is provided by Talmudical Seminary of Bobov as required by the Department of Education (“ED”) in order to comply with the reporting requirements under the CARES Act. This is TSOB’s first 45-day progress report and presents information as of August 13, 2020. Additional reports will be provided every 45 days.

45-day Report For CARES Act Funding 

1.  An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution 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 Financial Aid Grants to students.

Talmudical Seminary of Bobov signed and returned the Certification and Agreement to the U.S. Department of Education on April 27, 2020 for the HEERF Funds for Emergency Financial Aid Grants. TSOB received its grant award notification dated May 7, 2020. In keeping with the terms of the certification, TSOB will use no less than 50% of the funds received, as stated under 18004(c) of the CARES Act, to provide Emergency Financial Aid Grants directly to students.

2.  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 Students.

Talmudical Seminary of Bobov will receive a total of $949,733 under Section 18004(a)(1) of the CARES Act, of which $474,867 is required to be provided directly to students impacted by campus disruption due to the Covid-19 crisis. Inasmuch as our students have demonstrated greater need than our initial allotment, we have decided to use a portion of our Institutional Share of the Grants to fund our students. See item 3 below for amounts disbursed to date.

3.  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 45-day Report and every 45 days thereafter).

 As of August 13, 2020, awards totaling $854,000 have been made.

4.  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.

Talmudical Seminary of Bobov estimates approximately 350 students are eligible to participate 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.

5.  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 the date of this 45-day Disclosure, the total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 149.

6.  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.

6.  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.

The institution will select student recipients for the CARES Act Grants based on the Student’s eligibility for Title IV funds as determined by ISIR’s received with all agency matches performed successfully.

Specific grants will be determined based on need as established by instructor.

7.  Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.

Students are informed through this website, as well as through our administration representatives, including our financial aid officers, as to the existence of this grant and the fact that we are requiring FAFSA completion in order to determine Title IV eligibility, a requirement for receipt of the CARES Act grant.