Update: Winter 2022
AIMM students are entitled to receive The Higher Education Emergency Relief Fund II (HEERF II) from the Department of Education.
This grant money provides assistance to students during the COVID Pandemic. To qualify, you must complete a new 2021/2022 FAFSA.
Please click on this link https://studentaid.gov and use AIMM's school code: 031045
What is the CARES Act?
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020.
The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was signed into law on December 27, 2020.
The American Rescue Plan (ARP) was signed into law on March 11, 2021.
AIMM students qualify for Emergency Financial Aid Grants through the Coronavis Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) and the American Rescue Plan (ARP)(a)(1) and (a)(4) programs.
You must complete a 2021-2022 FAFSA to qualify to receive this grant. AIMM will be distributing these funds evenly to active students for winter term ONLY, so it’s imperative that you remain enrolled in school to qualify!
Additional CARES Act Info for AIMM Students
Certification and Agreement
Atlanta Institute of Music and Media acknowledges that the institution has signed and returned to the Department of Education the Certification Agreement and assures that the institution 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. Atlanta Institute of Music and Media has used the applicable amount of funds designated under the CRRSAA and ARP (a)(1) and (a)(4) programs to provide Emergency Financial Aid Grants to Students.
Total Amount of Funds
Atlanta Institute of Music and Media received $337,362 from the Department of Education pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act. Fifty percent of this amount was earmarked for student relief and was distributed accordingly. Atlanta Institute of Music and Media received a total of $340,142 from the Department pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to Students under the CRRSAA and ARP(a)(1) and (a)(4) programs. $968.52 of these funds were returned to the Department.
Total Amount of Grants Distributed
Grants distributed of $168,681 18004(a)(1) CARES Act Funds: As of 12/31/20, $80,000. As of 3/31/21, $114,000 total, including $80,000 through 12/31/20. As of 6/30/21, $167,348.88 total, including $114,000 through 12/31/20. As of 9/30/21, $168,681 total, including $167,348.88 through 6/30/21. Grants distributed of $340,142 of CRRSAA and ARP(a)(1) and (a)(4) Funds: $968.52 of these funds were returned to the Department of Education in Jul, 2022. As of 9/30/21, $135,378.00. As of 12/31/21, $208,878.00, including $135,378.00 through 9/30/21. As of 3/31/22, $339,305.48 total, including $208,878 through 12/31/21. As of 6/30/22, $339,173.48 had been distributed.
Eligible Students
Atlanta Institute of Music and Media estimates that approximately 198 students are eligible to participate in the Federal student financial aid programs under Section 484 of the Higher Education Act of 1965, as amended, and thus are eligible to receive Emergency Financial Aid Grants to students under under the CRRSAA and ARP(a)(1) and (a)(4) programs.
Total Number of Students Who Have Received an Emergency Financial Aid Grant
Grants distributed of $168,681 18004(a)(1) CARES Act Funds: As of 12/31/20, 121 students.As of 3/31/21, 129 students. As of 6/30/21, 139 students.As of 9/30/21, 140 students.Grants distributed of $340,142 of CRRSAA and ARP(a)(1) and (a)(4) Funds: As of 9/30/21, 138 students. As of 12/31/21, 191 students. As of 3/31/22, 228 students. As of 6/30/22, 230 students.
Method Used to Determine Which Students Receive Emergency Financial Aid Grants
Atlanta Institute of Music and Media determined that Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act would be divided equally to all actively enrolled students in Summer and Fall, 2020 terms, as well as the Winter and Spring, 2021 terms. To be eligible for Grant funds, in addition to being actively enrolled, the student had to have a current FAFSA on file, and the student was required to complete an application for Grant funds.Likewise, Atlanta Institute of Music and Media determined that Emergency Financial Aid Grant under the CRRSAA and ARP(a)(1) and (a)(4) programs would be divided equally to all actively enrolled students in Summer and Fall, 2021 terms, as well as the Winter, 2022 term. To be eligible for Grant funds, in addition to being actively enrolled, the student must have a current FAFSA on file.
Guidance Provided by AIMM
Atlanta Institute of Music and Media has provided directions and guidance for applying to the Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act and under the CRRSAA and ARP(a)(1) and (a)(4) programs to all of its students through text, email, social media, learning management system, and website correspondence.
