ARP Act Funding
Assumption University received funding through the American Rescue Plan Act (ARP) signed into law on March 11, 2021 and plans to use this funding in the amount of $1,979,751 to provide Emergency Financial Aid Grants (HEERF III) to enrolled full-time undergraduate day students.
Assumption University is still working on developing criteria to determine what students will be eligible for HEERF III funding. Please check back during the fall 2021 semester for additional information.
Please see below for frequently asked questions and answers about this initiative.
What is the ARP Act and will students get funding?
The American Rescue Plan Act is federal legislation signed into law on March 11, 2021 by President Biden. The ARP 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.
Students will receive funding from the ARP (HEERF III) funds sometime during the fall 2021 semester. Assumption is currently developing plans to determine who will be eligible for this funding.
How much did the University receive in emergency grants under the CRRSA Act?
Assumption University received $1,979,751 in emergency grants for eligible students. These grants can be used to pay for emergency costs that arise due to Coronavirus, such as tuition, food, housing, health care (including mental health), and childcare.
Which students are eligible for HEERF III funding?
Assumption University is currently developing plans to determine who will be eligible for this funding.
When will students receive their HEERF II funding?
Assumption University is currently developing plans to determine when HEERF III funds will be distributed to eligible students.
How does HEERF II funding impact a student’s financial aid for the 2021-2022 academic year?
If you receive a HEERF III grant, it would have no impact on your 2021-2022 Assumption University financial aid offer.
Will I have to pay taxes on my HEERF II grant?
No, similar to HEERF I and HEERF II grant funds, HEERF II grant funds are qualified disaster relief payments under section 139 of the Internal Revenue Code. HEERF III grants awarded to students under the ARP Act are not taxable income or untaxed income for Title IV federal student aid purposes.