Pivot Point Academy Cares Act
CARES Act Report
The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19.
Higher Education Emergency Relief Funds
One section of the CARES Act established the Higher Education Emergency Relief Fund (HEERF) and awarded money for schools to use for emergency financial aid grants directly to students for expenses related to the disruption of campus operations due to the COVID-19 pandemic.
Awarded Money for schools
Pivot Point Academy CARES Act Quarterly Budget and Expenditure Reporting June 2021 – Final Report
Pivot Point Academy CARES Act Quarterly Budget and Expenditure Reporting March 2021
Pivot Point Academy CARES Act Quarterly Budget and Expenditure Reporting December 2020
Emergency Financial Aid Grants to Students
Pivot Point Academy Emergency Relief Funds
Pivot Point Academy has acknowledged, signed, and returned to the Department the Certification Agreement and the assurance that Pivot Point Academy intends to use no less than 50% of the funds received under Section 18004(A)(1) of the Cares Act to provide emergency Financial Aid Grants to students.
$82,824
The amount that Pivot Point Academy has been approved for by the Department is pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to students.
$82,824
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of 09/12/2020.
79
Is 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 to students under Section 18004(a)(1) of the CARES Act.
79 students
Is the total number of students who have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act as of 09/12/2020.
Note: All HERF funds allocated to the institution have been fully disbursed and these disclosures are final.
The institution determined that 79 eligible students that were enrolled in an approved Title IV program were equally affected by the COVID-19 pandemic.
These programs include:
- Cosmetology
- Barber
- Esthetics
- Teacher Training 1000 hours
The method used by Pivot Point Academy for the purpose of determining the amount students should receive from the Emergency Financial Aid Grants was calculated by the total of the funds available for students divided by the number of eligible students.
Based on this calculation each student could receive up to $1048.41 under the CARES Act.
Student Guidance
These funds will be made available to ALL active students eligible to receive financial aid, that has incurred costs related to the disruption of campus operations due to the coronavirus pandemic.
To be eligible for these funds, you MUST have completed a 2019/2020 FAFSA, OR complete one to determine your eligibility.
Once your 2019/2020 is completed and your eligibility is confirmed, you will be emailed a form requesting reimbursement of costs related to the disruption of on-site education due to the COVID-19 pandemic.
Note: If you are already receiving financial aid, you will be emailed a form requesting reimbursement for submittal.
Pivot Point Academy
144 E Lake St Ste C
Bloomingdale, Illinois 60108
Admissions: 847-985-4321
Salon & Spa: 847-985-5900
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