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ARP Information

CURRENT INFORMATION — STUDENT ALLOCATIONS

ECMC Education, Inc. dba Altierus Career College (“Altierus”) is distributing emergency government grant funding via the American Rescue Plan (ARP). The ARP Higher Education Emergency Relief Fund III (HEERF III) provides aid to institutions, through the U.S. Department of Education (U.S. DOE), to award as emergency financial aid grants to students who have or continue to be impacted by COVID-19.

In May 2020, Altierus signed the Emergency Financial Aid Grants to Students under the Coronavirus Aid, Relief, and Economic Security (CARES) Act Funding Certification and Agreement and returned it to the Department of Education committing to use allocated student grant funds to provide emergency aid directly to our eligible students.

Consistent with guidance from the U.S. DOE, eligible students include all students who were enrolled for credits at the census date which will occur on October 26, 2021. Altierus is following guidance from the U.S. DOE to prioritize those with financial need in determining the grant amount provided to each student. Students that were eligible Pell Grant recipients will be receiving the highest grant amounts (Tier I). Those eligible for non-Pell Title IV and those using other sources for funding will receive lower grant awards (Tier 2 & Tier 3). All eligible Altierus students will be automatically awarded some grant funding as all students continue to be impacted by the ongoing pandemic. We anticipate that awards will be mailed to eligible students to the address on file with their institution at the beginning of December 2021.

Additional information regarding our use of this funding is as follows:

Total amount of HEERF III funds the institution has received for Emergency Financial Aid Grants to students
$4,134,547

Distribution Information:

Award Tier Number of Eligible Students Number of Students to Whom Aid Has Been Distributed Total Amount of Aid That Has Been Distributed Total Amount Remaining
Tier 1, 2 & 3 Unknown 0 $0 $4,134,54

Total estimated amount of Emergency Financial Aid Grants to be distributed and paid to students
$4,134,547*

* We expect, as with other HEERF grant allocations, that the distributed grant amount will exceed total funding awarded for the Emergency Financial Aid Grants due to rounding. Altierus Career College intends to use additional aid allocated to the institutional costs under ARP to cover the difference.

CURRENT INFORMATION — INSTITUTIONAL ALLOCATIONS

ECMC Education, Inc. dba Altierus Career College (“Altierus”) is required by the US Department of Education to publish quarterly reports for institutional allocations of the Higher Education Emergency Relief Fund (HEERF) aid. Reports complying with this requirement for our HEERF III institutional funding can be found using the links below:

Altierus Career College - HEERF III Quarterly Reporting - September 2021