Reporting date: 6/20/2020
Acknowledgment:
Lancaster Beauty School acknowledges that the Certificate and Agreement has been signed and returned to the US Department of Education. Lancaster Beauty School assures that it 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.
Total amount of funds Lancaster Beauty School has received from the US Department of Education pursuant to the Certification and Agreement for Emergency Financial Aid Grants to Students:
$138,454
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:
$0
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:
101
Total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act:
0
The method(s) used by Lancaster Beauty School to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004 (a)(1) of the CARES Act:
Under the CARES act, our institutions have been allocated $138,454 to grant to students as emergency grant aid to be used for expenses related to the disruption of campus operations due to coronavirus, including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care.
Our institution retains discretion to determine the amount of each individual emergency financial aid grant consistent with all applicable laws including non-discrimination laws. To expedite the process of distributing the emergency grants to students, and to be as equitable as possible, we will calculate and distribute the grants as follows:
CALCULATION METHODOLOGY:
Our Company operate One (1) institution operating as Lancaster Beauty School. The institution was allocated the following grant funds:
OPEID 013010 – $138,454
TOTAL – $138,454
All students that were both active as of 3/19/2020 and active or on Leave of absence as of the effective date of return (date allowed to reopen the institution) will be eligible for the emergency grant aid. Currently the institution, which resides in Los Angeles County, is ineligible for opening per Governor Gavin Newsom and Mayor Eric Garcetti’s directives.
Students will receive a proportionate share of the total funds based on the total hours the student is enrolled. We will add the enrolled hours for each eligible student to determine the total enrolled hours. Each students’ enrolled hours will then be divided into total enrolled hours of all students, then multiplied by the total available funds.
Example: Student A was active as of 3/19/2020 and active/LOA as of 7/2/2020 and enrolled for 1,600 hours. The total hours of all eligible students equaled 129,000 hours. The student would be eligible for 1,600/129,000 x $138,454=$1717.25
Instructions, directions, or guidance provided by Lancaster Beauty School to students concerning the Emergency Financial Aid Grants:
Students receiving Emergency Financial Aid Grants will be required to Sign an Attestation certifying that the funds received are to be used for expenses related to the disruption of campus operations due to coronavirus (including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, health care, and child care.
