Artistic Academy of Hair Design (OPE ID: 02525900) received education stabilization funds under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Public Law No: 116-136. This Fund Report applies to the student portion received under the Higher Education Emergency Relief Fund that is designated exclusively for emergency financial aid grants to students.

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The institution appreciates that Congress and the President have made these critical funds available for eligible students who have expenses related to the disruption of campus operations due to the coronavirus pandemic. We take receipt of these federal funds seriously and are distributing them in accordance with the CARES Act and implementing guidance.

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The institution is making the below information available for transparency purposes and in compliance with the U.S. Department of Education’s (“Department”) Electronic Announcement of May 6, 2020. For questions or concerns regarding this Fund Report, please contact Darlene Fox, Director at darlene@artisticacademy.com

1. The institution signed and returned to the Department the Certification and Agreement [for] Emergency Financial Aid Grants to Students. The institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students.

2. The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $72,492.

3. The total amount of emergency financial aid grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of this Fund Report is $72,492.

4. The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act, as of the date of this Fund Report is 85.

5. The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act, as of the date of this Fund Report is 85.

6. The methods used by the institution to determine which students receive emergency financial aid grants and how much they would receive under Section 18004(a)(1) of the CARES Act are provided at Attachment A.

7. Any instructions, directions, or guidance provided by the institution to students concerning the emergency financial aid grants are provided at Attachment B.

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See: https://ifap.ed.gov/electronic-announcements/050620HigherEdEmergencyReliefFundRptg

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Attachment A

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The U.S. Department of Education has made Emergency Financial Aid Grants to our students of our institution who are in need of financial support for their expenses related to the disruption of campus operations due to coronavirus.

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85 students at Artistic Academy of Hair Design (The) were eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act.

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Artistic Academy of Hair Design (The) allocated 89% of the $72,492 funds to be disbursed to students who were currently receiving Title IV aid. These individuals were able to request up to $1,000. Sixty-four (64) students requested $1,000 and 1 individual requested $500.00.

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The balance of the student portion of the HEERF funds went to 20 students eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive emergency financial aid grants under Section 18004(a)(1) of the CARES Act, but were not Title IV recipients. These students received funds after the Title IV recipients received their funds. This accounted for 11% of HEERF grant funds, equaling $7,992, which was divided amongst the 20 eligible to participate. These 20 students received $399.60 each.

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Attachment B

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The following announcement, instructions, and directions, was provided by Artistic Academy of
Hair Design (The) to students concerning the emergency financial aid grants.

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