Cares Act Emergency Relief Funds
Shear Finesse Beauty Academy is very grateful to have the opportunity to deliver extra financial support to qualifying students during this very difficult pandemic. The federal government recently passed the CARES Act, which allocates emergency relief funding for eligible college students across the country to address pressing needs of students due to the disruption of campus operations.
If you are a Shear Finesse Beauty Academy student eligible for financial aid and if our modified operations due to COVID-19 pandemic has negatively impacted your personal financial situation, you can apply to receive a grant for your qualified expenses. Although the money is funded by the federal government, individual colleges are managing the application and approval process, and the distribution of funds. The funding is limited and will be awarded based on the level of student need.
Eligibility
Eligible students must meet the following criteria:
QUESTIONS AND CONTACT INFORMATION
Any additional questions or assistance, please email the Financial Assistance Department at
[email protected].
FAQ's
Q: What is the CARES Emergency Grant?
A: The United States Government has allocated funds to Shear Finesse Beauty School for us to help our students who have an emergency situation due to the COVID-19 pandemic and the transition to going to school online:
These items could be the cost of food and housing due to a loss of income, needing to overcome technology challenges to be able to continue school online, childcare challenges due to school being out of school for the remainder of the year, or other situations due to the pandemic.
Q: Am I eligible to receive an Emergency grant?
A: You must be eligible for Title IV Financial Aid. If you completed a FAFSA and have received a Pell grant and/or a Direct student loan, you are likely eligible for this grant.If you have not completed a FAFSA, you still may complete one in order to see if you are eligible. If you complete a FAFSA or have completed a FAFSA and are ineligible for Title IV aid, you will not be eligible for this grant.
Q: Do I have to be PELL Grant eligible to be qualify for the Cares Emergency Grant?
A: No. You can be eligible for the Cares Emergency Grant even if you are not PELL Grant eligible.
Q: How do I apply for this grant?
A: To apply for the CARES Emergency Grant:
A: These funds will become available approximately 5 business days after your application is processed.
Q: How will I know if I will receive the grant and how much it is?
A: You will receive an email letting you know you were approved and the amount.
Q: Are the grant funds taxable income?
A: No, according to the IRS website, this is not included in your gross 2020 income.
Q: Are there fees associated with the grant funds?
A: There is not a fee for receiving the grant funds, however there may be a fee imposed by your bank or retailer when cashing the check.
Q: Do I have to pay these funds back later?
A: No, these funds are considered grant funds and do not need to be repaid.
Q: Can this be applied towards my balance at Shear Finesse Beauty School?
A: No, these funds are designated by the U. S. Government to be used by our students for emergency situations caused by COVID-19 and are not to be retained as payment on your account.
Q: Who do I contact if I have additional questions?
A: You may contact the Financial Assistance Department with additional questions by email at [email protected]. If you feel you need additional funds due to COVID-19, we suggest applying even if you are not sure if you are eligible.
If you are a Shear Finesse Beauty Academy student eligible for financial aid and if our modified operations due to COVID-19 pandemic has negatively impacted your personal financial situation, you can apply to receive a grant for your qualified expenses. Although the money is funded by the federal government, individual colleges are managing the application and approval process, and the distribution of funds. The funding is limited and will be awarded based on the level of student need.
Eligibility
Eligible students must meet the following criteria:
- FAFSA on file and eligible for Title IV funding
- Must be maintaining Satisfactory Academic Progress
- Cannot be in Default on a Title IV Loan or owe an Over-payment on a Title IV Grant
- Enrolled in an eligible program
- In attendance at any time between March 13, 2020 and June 1, 2020
QUESTIONS AND CONTACT INFORMATION
Any additional questions or assistance, please email the Financial Assistance Department at
[email protected].
FAQ's
Q: What is the CARES Emergency Grant?
A: The United States Government has allocated funds to Shear Finesse Beauty School for us to help our students who have an emergency situation due to the COVID-19 pandemic and the transition to going to school online:
These items could be the cost of food and housing due to a loss of income, needing to overcome technology challenges to be able to continue school online, childcare challenges due to school being out of school for the remainder of the year, or other situations due to the pandemic.
Q: Am I eligible to receive an Emergency grant?
A: You must be eligible for Title IV Financial Aid. If you completed a FAFSA and have received a Pell grant and/or a Direct student loan, you are likely eligible for this grant.If you have not completed a FAFSA, you still may complete one in order to see if you are eligible. If you complete a FAFSA or have completed a FAFSA and are ineligible for Title IV aid, you will not be eligible for this grant.
Q: Do I have to be PELL Grant eligible to be qualify for the Cares Emergency Grant?
A: No. You can be eligible for the Cares Emergency Grant even if you are not PELL Grant eligible.
Q: How do I apply for this grant?
A: To apply for the CARES Emergency Grant:
- Complete the application.
- Make sure you update your address with school, as these funds will be mailed to you directly.
- Your request will be reviewed for eligibility.
A: These funds will become available approximately 5 business days after your application is processed.
Q: How will I know if I will receive the grant and how much it is?
A: You will receive an email letting you know you were approved and the amount.
Q: Are the grant funds taxable income?
A: No, according to the IRS website, this is not included in your gross 2020 income.
Q: Are there fees associated with the grant funds?
A: There is not a fee for receiving the grant funds, however there may be a fee imposed by your bank or retailer when cashing the check.
Q: Do I have to pay these funds back later?
A: No, these funds are considered grant funds and do not need to be repaid.
Q: Can this be applied towards my balance at Shear Finesse Beauty School?
A: No, these funds are designated by the U. S. Government to be used by our students for emergency situations caused by COVID-19 and are not to be retained as payment on your account.
Q: Who do I contact if I have additional questions?
A: You may contact the Financial Assistance Department with additional questions by email at [email protected]. If you feel you need additional funds due to COVID-19, we suggest applying even if you are not sure if you are eligible.