QUARTERLY BUDGET AND EXPENDITURE REPORT
UPDATE: JUNE 30, 2021
As recipients of HEERF funds of the CARES Act, and CRRSAA (HEERF II) funds of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, Wisconsin Lutheran College is posting the following information:
Wisconsin Lutheran College signed and returned to the Department of Education the Certification and Agreement on April 13, 2020, and the HEERF II funds have been made available to the College on January 17, 2021. The College is required to distribute at least $463,000 to students.
As of June 30, Wisconsin Lutheran College has disbursed to students $511,875 (and has drawn down $463,000 from the student allocation and $48,875 from the institutional allocation) from the Department pursuant to the institution's Certification and Agreement [for] Emergency Financial Aid Grants to Student.
Approximately 996 students at Wisconsin Lutheran College were estimated to be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 (as evidenced by filing the Free Application for Federal Student Aid (FAFSA)) and thus eligible to receive Emergency Financial Aid Grants to students.
As June 30, 2021, 945 students have received an Emergency Financial Aid.
Wisconsin Lutheran College disbursed financial Emergency Financial Aid Grants to students, up to $1,100 (and as low as $100), based on the Total Family Contribution (TFC) calculated by the filing of the Free Application for Federal Student Aid (FAFSA). Priority was given to students with a zero TFC, and phased out with increasing TFC.
Students were notified via email to apply for funds:
Dear Students,
WLC is preparing to disburse Coronavirus Response and Relief Supplemental Appropriations Act (passed on December 27, 2020) -- (CRRSAA) /(HEERF II) funds before April 1. The College has set the amount per student based on the Federal guidance in the Act. Most eligible students can expect from $100 to $1,100. Please use the link below to indicate how you want to receive your funds. In this iteration you may choose to use these funds to pay for your spring semester charges or return spring semester loans. If you choose to leave the funds on your account, and a credit balance (overpayment) results, you can request a check for the overage at any time later. See options on form by clicking the link below. You can check your balance due for the spring semester by logging on to your MY.WLC.EDU account and select the MY ACCOUNT tab, then click GO TO CASHNET to view your E-Bill.
https://www.wlc.edu/CRRSAA/
Business Office
414.443.8627
UPDATE: MARCH 31, 2021
As recipients of HEERF funds of the CARES Act, and CRRSAA (HEERF II) funds of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, Wisconsin Lutheran College is posting the following information:
Wisconsin Lutheran College signed and returned to the Department of Education the Certification and Agreement on April 13, 2020, and the HEERF II funds have been made available to the College on January 17, 2021. The College is required to distribute at least $463,000 to students.
As of March 31, Wisconsin Lutheran College has disbursed to students $418,100 (and has drawn down $273,200) from the Department pursuant to the institution's Certification and Agreement [for] Emergency Financial Aid Grants to Student, and is working through distributing another $92,775 to eligible students.
Approximately 996 students at Wisconsin Lutheran College were estimated to be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 (as evidenced by filing the Free Application for Federal Student Aid (FAFSA)) and thus eligible to receive Emergency Financial Aid Grants to students.
As March 31, 2021, 708 students have received an Emergency Financial Aid.
Wisconsin Lutheran College disbursed financial Emergency Financial Aid Grants to students, up to $1,100 (and as low as $100), based on the Total Family Contribution (TFC) calculated by the filing of the Free Application for Federal Student Aid (FAFSA). Priority was given to students with a zero TFC, and phased out with increasing TFC.
Students were notified via email to apply for funds:
Dear Students,
WLC is preparing to disburse Coronavirus Response and Relief Supplemental Appropriations Act (passed on December 27, 2020) -- (CRRSAA) /(HEERF II) funds before April 1. The College has set the amount per student based on the Federal guidance in the Act. Most eligible students can expect from $100 to $1,100. Please use the link below to indicate how you want to receive your funds. In this iteration you may choose to use these funds to pay for your spring semester charges or return spring semester loans. If you choose to leave the funds on your account, and a credit balance (overpayment) results, you can request a check for the overage at any time later. See options on form by clicking the link below. You can check your balance due for the spring semester by logging on to your MY.WLC.EDU account and select the MY ACCOUNT tab, then click GO TO CASHNET to view your E-Bill.
https://www.wlc.edu/CRRSAA/
Business Office
414.443.8627