Posted: Wednesday, June 30, 2021

Quarterly Budget and Expenditure Reporting for HEERF I, II, and III (a)(1) Institutional Portion– December 31, 2020

Access the HEERF Quarterly Budget and Expenditures Report - Dec. 31, 2020 here.

Posted Wednesday, June 30, 2021

CRRSAA (HEERF II) Funding

This statement provides information to comply with reporting requirements for Olin College’s participation in the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) as part of the Higher Education Emergency Relief Act (HEERF). 

On January 29, 2021 Olin College received an allocation from the CRRSAA/HEERF II program of $263,423 of which no less than $89,212 was required to be distributed to eligible students in the form of emergency grants related to disruption of instruction due to the COVID-19 pandemic.

Beginning the week of February 22, 2021 Olin began distributing one-time grants of $1,373 to 65 eligible students, prioritizing those with exceptional financial need. The communication to students (see below) provided details regarding the distribution. This fully expends the student portion of CRRSAA/HEERF II funds provided to Olin College.

Notification to grant recipients:

An email was sent on February 22, 2021 to the 65 aid grant recipients by Patricia Gallagher, Vice President for Financial Affairs and Chief Financial Officer.

Posted: Wednesday, June 30, 2021

Quarterly Budget and Expenditure Reporting for HEERF I, II, and III (a)(1) Institutional Portion– March 31, 2021

Access the HEERF Quarterly Budget and Expenditures Report - March 31, 2021 here.

Posted: Wednesday, June 30, 2021

Quarterly Budget and Expenditure Reporting for HEERF I, II, and III (a)(1) Institutional Portion– June 30, 2021

Access the HEERF Quarterly Budget and Expenditures Report - June 30, 2021 here.

Posted: Friday, October 30, 2020

CARES Act Quarterly Budget and Expenditures Report - OCT. 30, 2020

Access the CARES Act Quarterly Budget and Expenditures Report - OCT. 30, 2020 here.

Posted: Friday, June 12, 2020

CARES Act Funding

This statement provides information to comply with reporting requirements for Olin College participation in the CARES Act Higher Education Emergency Relief Fund (HEERF). 

On April 9, 2020 in a letter from Secretary of Education Betsy DeVos, Olin College learned that the institution would receive an allocation from the HEERF program of $178,424 of which no less than $89,212 must be distributed to eligible students in the form of emergency grants related to disruption of instruction due to the COVID-19 pandemic.

On April 23, 2020 Olin College submitted the required certification and agreement document for the HEERF funds for student emergency grants.

On May 14, 2020, Olin College received notice that the HEERF emergency student funds grant of $89,212 was approved and ready for drawdown. 

As a fully residential campus, all students enrolled for Spring 2020 were required to leave campus housing by March 18, 2020. The few students who remained on campus due to personal circumstances experienced disruption to the extent that campus space and meal options were substantially curtailed.

Olin College estimates that 189 Title IV eligible students were enrolled in Spring 2020 and therefore experienced disruption due to COVID-19; this number is based on the number of students who filed a FAFSA for Spring 2020.

Beginning the week of June 15, 2020 Olin began distributing one-time grants of $473 to the 189 eligible students.The communication to students (see below or provide link) provided details regarding the distribution. This fully expends the student portion of HEERF funds provided to Olin College through the CARES Act.

Notification to grant recipients:

An email was sent to the 189 Title IV eligible students on June 12, 2020 by Patricia Gallagher, Vice President for Financial Affairs and Chief Financial Officer.

* This notice represents our initial 30 day reporting requirement. All student grant funds are expended with this reporting there will be no follow up (45 day) reporting issued.