25 billion of the $30.

, cancelled ancillary events; disruption of food service, dorms, childcare, or other facilities; cancellation of use of campus venues by other organizations, lost parking revenue, etc.

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Congress set aside approximately $14.

. May 12, 2021 · There are specific examples that can be found in FAQ #26. .

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An IHE may estimate lost revenue for the period from March 13, 2020 to the end of its HEERF grant performance period, which the LR FAQs note is generally a year from the date of the most recent. This is identical to HEERF I and II. lost revenue, reimbursement for expenses already incurred; technology costs associated with a transition to distance education; faculty and staff trainings; payroll; carry out student support activities authorized by the HEA that address needs related to coronavirus; make additional financial aid grants to students; Frequently Asked Questions.

. The table makes clear which portion of the allocation.

Due to the cumulative nature of lost revenues, any lost revenues adjustments may be made in subsequent reporting periods.

HEERF program allocations cannot be used for endowments, athletic or religious facilities, and enrollment recruitment activities such as marketing and advertising or to compensate recruitment contractors.

• If the lost revenue is directly attributable to a cause other than the COVID-19 pandemic • The institution may not include those lost revenues in its estimation of its lost revenue for the HEERF grant programs › An institution may charge lost revenue to its grant at the end of the period that it is using to estimate lost revenue. More information about the guidance can be found in the Notice of Interpretation, Lost Revenue FAQs, and updates to existing FAQs.

The $7,169,430 designated for institutional support from HEERF III was intended to assist the university in covering expenses related to lost revenues associated with the pandemic. The $7,169,430 designated for institutional support from HEERF III was intended to assist the university in covering expenses related to lost revenues associated with the pandemic.

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Importantly for private, nonprofit colleges and universities, the guidance expanded flexibility related to lost revenue and expenses.
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ED specifies that the following previously-issued guidance applies in whole or in part to HEERF III, unless superseded by the text of the American Rescue Plan: Lost Revenue FAQs (issued on March 19, 2021).

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• HEERF Lost Revenue FAQs. . HEERF program allocations cannot be used for endowments, athletic or religious facilities, and enrollment recruitment activities such as marketing and advertising or to compensate recruitment contractors.

Eligible expenses, including lost revenue, can date back to 03/13/2020. . . Watch the other videos from thi. 3.

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Replacing lost revenue from auxiliary services sources (i. lost revenue, reimbursement for expenses already incurred; technology costs associated with a transition to distance education; faculty and staff trainings; payroll; carry out student support activities authorized by the HEA that address needs related to coronavirus; make additional financial aid grants to students; Frequently Asked Questions.

When may an institutions charge lost revenue to its HEERF grant award? An institution may charge lost revenue to its grant at the end of the period that it is using to estimate lost.

Mar 13, 2020 · An IHE may estimate lost revenue for the period from March 13, 2020 to the end of its HEERF grant performance period, which the LR FAQs note is generally a year from the date of the most recent HEERF grant award, and any no-cost extensions of up to 12 months received.

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