Breaking Down the HEERF FAQ ~ Round 3 ~ McClintock & Associates
McClintock Minute
Michael T. Wherry, CPA
October 8, 2020
On October 2, 2020, the U.S. Department of Education (ED) published “Round 3” for Frequently Asked Questions related to the Higher Education Emergency Relief Fund (HEERF) grants. This document addressed questions related to the usage of the HEERF grants for institutional and student purposes.
McClintock & Associates (M&A) has reviewed and dissected the document, which is located here. After reading through the document, we identified our takeaways and analysis for many of the questions below.
In addition, the Department will host a HEERF Reporting Requirements Webinar on Wednesday, October 14 from 2:00 – 3:30 pm ET. During this webinar, Principal Deputy Under Secretary Diane Jones and Assistant Secretary for Postsecondary Education Bob King will provide an overview of HEERF grant reporting requirements along with other Department officials. We strongly encourage each institution to invite one of their financial officers/advisors to partake in the webinar as well. More information is available at ED’s HEERF reporting page here. The link has the details on how to join.
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