About the Higher Education Emergency Relief Fund (HEERF)
In response to the COVID-19 pandemic, the federal government has made funding available to higher education institutions, including funding for emergency financial aid grants to students. Following is information about Loyola University Chicago’s approach regarding these funds.
For HEERF I, HEERF II, and HEERF III Student Share reports, including Section 18004(a)(1) Institutional Portion Public Reporting, please click here.
On March 27, 2020, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act includes a Higher Education Emergency Relief Fund (HEERF). A portion of HEERF funds must go directly to eligible students in the form of emergency financial aid grants for expenses related to the disruption of campus operations due to the COVID-19 crisis. Loyola University Chicago distributed over $5.0 million of HEERF Student Share Grant Funds to our student community for expenses incurred in the Spring 2020, Summer 2020, and Fall 2020 semesters.
In early 2021, the U.S. Department of Education (ED) announced additional funding available to institutions of higher education to serve students and ensure learning continues during the COVID-19 pandemic. This funding is allocated to the Higher Education Emergency Relief Fund II (HEERF II) by the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), which was signed into law on December 27, 2020, with approximately $5.0 million available to Loyola students.
The Higher Education Emergency Relief Fund III (HEERF III) is authorized by the American Rescue Plan (ARP), signed into law on March 11, 2021, and represents the third stream of funding for HEERF.
HEERF Spring 2022
In May 2021, the U.S. Department of Education (ED) announced additional funding available to institutions of higher education to serve students during the COVID-19 pandemic. This funding established the Higher Education Emergency Relief Fund III (HEERF III) and was authorized by the American Rescue Plan (ARP), which was signed into law on March 11, 2021.
Under ARP, HEERF III Institutional funds may be used for additional financial grants to students for any component of the student’s cost of attendance or for emergency costs that arise due to coronavirus, such as tuition, food, housing, health care (including mental health care), or child care. Loyola is allocating $5.8 million of its HEERF III Institutional Share towards additional financial grants to students (HEERF Spring 2022 Student Grants).