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HEERF III Funding Report

American Rescue Plan Act (ARPA) of 2021

On March 11, 2021, the American Rescue Plan (ARPA) Act of 2021, which provides additional relief to address the continued impact of the COVID-19 pandemic, was enacted and signed into law. The ARPA appropriated approximately $39.6 billion for the Higher Education Emergency Relief Fund (HEERF) and represents the third stream of funding appropriated for HEERF to prevent, prepare for, and respond to coronavirus. Pepperdine is reviewing ARPA guidance recently released by the Department of Education and will provide updates to this website as they become available.

 

ARPA/HERFF III Funding Section 314(a)(1) | Institutional Portion

 

  Quarterly Report for January 10, 2022

The following quarterly report on institutional HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here.

  Quarterly Report for October 8, 2021
The following quarterly report on institutional HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here
  Quarterly Report for July 9, 2021

The following quarterly report on institutional HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here

 

ARPA/HEERF III Funding Section 314(a)(1) | Student Portion

Report Four | January 10, 2022

1. An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.

Institutions who received HEERF I grant funds under the CARES Act were not required to submit an application for the HEERF II or HEERF III grants. Pepperdine University received its HEERF III Grant Award Notification on May 20, 2021. In keeping with the terms of acceptance of these funds, Pepperdine University will use no less than $4,849,035, in accordance with section 2003(7) of the American Rescue Plan Act of 2021 (ARPA), 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 under the CRRSAA and ARP (a)(1) and (a)(4) programs.

Pepperdine University received $4,849,035 in aid from the Department of Education.

3. The total amount of Emergency Financial Aid Grants distributed to students under the CRRSAA and ARP (a)(1) and (a)(4) programs as of the date of submission (i.e., as of the initial report and every calendar quarter thereafter).

From October 1, 2021-December 31, 2021, Pepperdine University distributed $1,340,450 to students.

4. The estimated total number of students at the institution that are eligible to receive Emergency Financial Aid Grants to Students under the CRRSAA and ARP (a)(1) and (a)(4) programs.

As of October 5, 2021, the total number of students eligible to receive Emergency Financial Aid Grants is estimated to be 17,763 students.

5. The total number of students who have received an Emergency Financial Aid Grant to students under the CRRSAA and ARP (a)(1) and (a)(4) programs.

The total number of students who have received ARPA Emergency Financial Aid grants is 3,193.

6. The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under the CRRSAA and ARP (a)(1) and (a)(4) programs.

If you are identified as an enrolled, degree-seeking student (as of September 10, 2021) for 2021-2022, you may be eligible to receive ARPA funds. Because ARPA prioritizes students with "exceptional need", eligible students were identified by reviewing students' EFC. ARPA emergency grant amounts were determined by the student's EFC according to the ARPA distribution tables

Students can also submit requests for emergency funding by contacting Pepperdine's Student Care Team (SCT), who then work with Financial Aid to verify HEERF eligibility. Based on DOE guidance, information shared by Financial Aid, and the student interview to understand need, award designations have been made. A student’s most urgent need and the number of requests for aid were evaluated in accordance with Department of Education guidance, and ultimately informed award amounts. Students received payment via email and were instructed to accept funds to the bank of their choice

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

All pertinent information available to students regarding HEERF Emergency Financial Aid Grants is posted at the following link: https://www.pepperdine.edu/coronavirus/cares-act/.

*Pepperdine will continue to monitor Department guidance and update reporting and distribution of funds accordingly.

 


 

Previous Reports

  Report Three | October 1, 2021

The following quarterly report on student aid HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here

  Report Two | July 9, 2021
The following quarterly report on student aid HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here
  Report One | June 17, 2021

The following quarterly report on student aid HEERF funds is provided to comply with Department of Education reporting requirements. View the full report here.