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SCHEV Preliminary Overview of CARES Act/Higher Education Emergency Relief FundandEstimated Distributions to Virginia InstitutionsBased on information available as of April 2, 2020The CARES Act, signed into law March 27, 2020, provides 30.8 billion in an educationstabilization fund in response to the Coronavirus pandemic. Of that amount, 9.8% is distributedto the nation’s Governors (Sec. 18002), 43.9% is distributed to the Elementary and SecondarySchool Emergency Relief Fund (Sec. 18003), and 46.3%, or 14.2 billion, is for the HigherEducation Emergency Relief Fund (Sec. 18004), to be distributed as follows: 90% of Sec. 18004 funds ( 12.8 billion) go directly to higher education institutions asdefined in the higher education act (this includes public, private non-profit/for-profit andsome other schools). Three-quarters of those funds are allotted via FTE Pell enrollment,and 25% via FTE non-Pell enrollment. Exclusively - online students are not countedtowards either enrollment total. Half of the funds for each institution must go to direct student grant aid related toCOVID-19 disruptions, including eligible expenses under the cost of attendance(e.g., food, housing, health care, etc.),7.5% ( 1.1 billion) goes to minority serving institutions,2.5% ( 356 million) is appropriated at the discretion of the Secretary of Education, withpriority given to schools not otherwise receiving aid.The relief funds provided can be used for covering costs of instruction related to the disruptioncaused by COVID-19. The funds also can be used broadly to respond to disruptions fromCOVID-19; however, they cannot go towards payment of contractors for the provision of preenrollment recruitment activities, endowments, or capital outlay associated with athletics,sectarian instruction or religious worship.The CARES act includes a non-binding clause for institutions to continue payments toemployees “where practicable.” In addition, while the act contains a “maintenance of effort”clause, it does not apply to Section 18004 funds - institutions may accept aid from the 14.2billion for higher education without any requirements to maintain current funding levels.However funding for higher education, including financial aid, is part of the maintenance of effortrequirement for the other funds. The act also includes other provisions related to student debtpayment, access to capital, and charitable giving.Methodology for Determining Disbursement Amounts to InstitutionsSCHEV MethodologySCHEV estimated the amounts of federal aid institutions may receive from Section 18004 of theRelief Fund, which is inclusive of the 90% of total funds allocated based on Pell and non-Pellenrollment, and comprises the majority of direct aid to higher education institutions.

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020At this time, staff could not include estimates for the additional 10% of funds reserved forminority serving institutions (7.5%) or the Secretary’s discretion (2.5%) in the institution levelestimates. As such, these estimates are subject to change, and may or may not be inclusive ofall aid an institution may receive. The U.S. Department of Education will decide the actualfunding levels, and the amounts presented here should be used for broad planning purposesonly. Furthermore, SCHEV encourages institutions to consider the potential consequences ofchanges to indirect funding sources including research funds.To calculate the disbursement of the 12.8 billion indirect institutional aid, SCHEV had to derivethe enrollments described in legislation, as those variables are not collected in federal data. Todo so, SCHEV used 2018 IPEDS data for Title IV institutions. The basis for enrollmentestimates is the reported full-time equivalent (FTE) undergraduate enrollment (EFIA2018) andthe basis for online exclusive learners is the percent of students enrolled exclusively in distanceeducation courses (DRVEF2018).Table 1: National Per Student Rates of Federal Aid, Not Exclusively OnlineClass of StudentNumber of StudentsFunds Per StudentPell students not exclusively online4,270,089 2,251Non-Pell students not exclusively online7,829,600 409To derive FTE Pell eligible not exclusively online students, SCHEV staff took the 12 month FTEenrollment, and removed the percentage of exclusively online students. Staff then divided thatFTE not-online total between the percent of students who were awarded and not awarded Pellgrants. SCHEV then calculated per-student aid amounts, included below, and used those tocalculate institutional disbursements. Overall, Virginia is estimated to receive 299 million in aid,2.5% of federal funds.Alternative Methods & DiscussionFor comparison purposes, SCHEV staff have included estimates for institution level awardsfrom the American Council on Education (ACE), who also analyzed the CARES act relieffunding. This is to provide an alternative award estimate, and institutions should interpret thedifferences as a “range” for their potential award amount. SCHEV emphasizes that both of thesequantities are estimates, and the final quantity will depend upon the U.S. Department ofEducation.2

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 2: Higher Education Emergency Relief Fund – Virginia Totalby SectorSectorTotal - ACETotal - SCHEVFor-profit 28,985,000 35,652,205Private 50,957,000 44,432,718Public 211,254,000 219,395,730Grand Total 291,196,000 299,427,377The ACE did not publish precise methodologies on how they derived their own estimates, butdid include a summary of their methods and variables used. Below is a comparison of SCHEVand ACE’s analysis: SCHEV did not include graduate students in the calculation of enrollment totals, asgraduate students are not Pell eligible. However the ACE does include graduatestudents towards totals, which affects the institution level awards.The ACE used 12 month FTE and headcount enrollment, while SCHEV only used 12month FTE enrollment in their estimates.SCHEV used the percent of students awarded Pell grants while the ACE used number ofstudents receiving a Pell grant.Neither estimate includes the 7.5% of funds ( 1.1 billion) allocated to MSIs will be apportionedbased of the program’s appropriation in the Further Consolidated Appropriations Act, 2020(Public Law 116-94), nor the 2.5% ( 356 million) appropriated at the Secretary’s discretion.3

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 3: Estimated Disbursements to Virginia Institutions (Public, 4-Year or Above)InstitutionTotal - ACETotal - SCHEVChristopher Newport University 3,113,000 3,306,826College of William and Mary 3,968,000 3,754,041George Mason University 20,657,000 21,061,163James Madison University 12,616,000 13,141,608Longwood University 3,360,000 3,422,963Norfolk State University 6,887,000 6,447,890Old Dominion University 16,118,000 14,606,101 742,000 1,014,355Radford University 9,028,000 7,942,108University of Mary Washington 3,029,000 3,132,072University of Virginia-Main Campus 11,601,000 10,516,048Virginia Commonwealth University 20,144,000 19,085,404Virginia Military Institute 1,247,000 1,322,045Virginia Tech 20,178,000 19,178,479Virginia State University 7,758,000 7,243,867 140,446,000 135,174,970The University of Virginia's - WiseTotal4

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 4: Estimated Disbursements to Virginia Institutions (Public 2-year)InstitutionTotal - ACETotal - SCHEV 1,849,000 2,158,242Central School of Practical Nursing 54,000 49,037Central Virginia Community College 1,743,000 2,045,216Culpeper Cosmetology Training Center 95,000 85,248Dabney S Lancaster Community College 504,000 569,269 1,567,000 1,830,751Eastern Shore Community College 329,000 376,441Eastern Virginia Medical School 182,000Germanna Community College 2,507,000 3,010,126 149,000 137,789J Sargeant Reynolds Community College 3,958,000 4,810,105John Tyler Community College 3,338,000 3,975,037Lord Fairfax Community College 2,285,000 2,666,985Mountain Empire Community College 1,441,000 1,531,626New River Community College 1,705,000 2,008,027Northern Virginia Community College 19,725,000 24,206,237Patrick Henry Community College 1,280,000 1,481,130Paul D Camp Community College 562,000 616,789 1,844,000 2,205,388Blue Ridge Community CollegeDanville Community CollegeHenrico County-Saint Marys Hospital School ofPractical NursingPiedmont Virginia Community College5

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 4: Estimated Disbursements to Virginia Institutions (Public 2-year)InstitutionTotal - ACETotal - SCHEV 1,096,000 1,270,267 780,000 892,457Southside Virginia Community College 1,601,000 1,829,646Southwest Virginia Community College 1,457,000 1,688,384Thomas Nelson Community College 3,802,000 4,699,295Tidewater Community College 11,584,000 13,841,719 36,000 35,140Virginia Highlands Community College 1,304,000 1,438,347Virginia Western Community College 2,838,000 3,363,946Wytheville Community College 1,193,000 1,398,113Total 70,808,000 84,220,760Rappahannock Community CollegeRichard Bland CollegeVirginia Beach City Public Schools School ofPractical Nursing6

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 5: Estimated Disbursements to Virginia Institutions (Private Not-for-Profit)InstitutionTotal - ACETotal - SCHEV 1,226,000 1,158,622Averett University-Non-Traditional Programs 39,000 27,698Baptist Theological Seminary at Richmond 14,000-Bethel College 24,000 22,193Bluefield College 808,000 710,875Bon Secours Memorial College of Nursing 163,000 198,282Bon Secours St Mary's Hospital School of MedicalImaging 31,000 30,516 1,910,000 1,858,016Cayce/Reilly School of Massage 64,000 57,614Centra College of Nursing 236,000 298,328CET-Alexandria 165,000 151,006Divine Mercy University 11,000 0Eastern Mennonite University 976,000 880,896Edward Via College of Osteopathic Medicine 51,000 0 1,299,000 1,201,078Averett UniversityBridgewater CollegeEmory & Henry College7

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 5: Estimated Disbursements to Virginia Institutions (Private Not-for-Profit)InstitutionTotal - ACETotal - SCHEV 1,782,000 1,629,062 746,000 774,663 4,602,000 4,097,876Hollins University 892,000 778,105Jefferson College of Health Sciences 651,000 551,026 13,435,000 9,278,274 965,000 920,001 2,075,000 1,977,175 733,000 712,916Randolph-Macon College 1,136,000 1,171,710Regent University 1,429,000 978,192 224,000 244,889 1,961,000 1,961,583 127,000 178,607 1,850,000 1,659,911Ferrum CollegeHampden-Sydney CollegeHampton UniversityLiberty UniversityMary Baldwin UniversityMarymount UniversityRandolph CollegeRiverside College of Health CareersRoanoke CollegeSentara College of Health SciencesShenandoah University8

SCHEV Preliminary Review of CARES Act/Higher Education Emergency Relief Fund: 4/2/2020Table 5: Estimated Disbursements to Virginia Institutions (Private Not-for-Profit)InstitutionTotal - ACETotal - SCHEV 1,176,000 1,185,644Sweet Briar College 272,000 275,008Union Presbyterian Seminary 44,000 0University of Lynchburg 2,096,000 1,679,244University of Richmond 2,507,000 2,751,305Veritas Baptist College 10,000Virginia Beach Theological Seminary 3,000 0Virginia International University 81,000 27,778 2,256,000 2,086,285Virginia University of Integrative Medicine 83,000 0Virginia University of Lynchburg 248,000 344,313 1,594,000 1,485,471Washington and Lee University 935,000 1,059,600Wave Leadership College 27,000 28,957 50,957,000 44,432,718Southern Virginia UniversityVirginia Union UniversityVirginia Wesleyan UniversityTotal9