PART 677—HIGHER EDUCATION EMERGENCY RELIEF FUND PROGRAMS

Subtitle B—Regulations of the Offices of the Department of Education › Chapter VI—Office of Postsecondary Education, Department of Education

Subpart A—Provisions Related to Historically Black Colleges and Universities

§ 677.1 Calculations.

For the purpose of calculating allocations under section 314(a)(2)(A)(iii) of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (division M of Pub. L. 116-260, December 27, 2020), an institution that has a total endowment of less than $1,000,000, including an institution that does not have an endowment, will be treated by the Secretary as having a total endowment of $1,000,000.

§ 677.2 [Reserved]

Subpart B—Student Eligibility

§ 677.3 Student eligibility.

Student, for purposes of the phrases “grants to students”, “emergency financial aid grants to students” or “financial aid grants to students” as used in the Higher Education Emergency Relief (HEERF) programs, is defined as any individual who is or was enrolled (as defined in 34 CFR 668.2) at an eligible institution (as defined in 34 CFR 600.2) on or after March 13, 2020, the date of declaration of the national emergency concerning the novel coronavirus disease.

§ 677.4 [Reserved]