Federal Financial Aid

HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF)
HEERF II & III

REPORT PUBLISHED 10/08/2021 FOR QUARTER ENDING 9/30/2021
PR/AWARD NUMBER P425E205853 AND P245E205853-20A

Excelsior College signed and returned to the Department of Education the Certification and Agreement. The College intends to use 100% of the funds received under CRRSAA and ARP (a)(1) and (a)(4) to provide Emergency Financial Aid Grants to students.

The total amount that the College received under the HEERF II student aid allocation is $1,248,334.
The total amount that the College received under the HEERF III student aid allocation is $2,092,252.

  • During the quarter ending 6/30/21, the College distributed $4,000 to 4 eligible students.
  • During the quarter ending 9/30/21, the College distributed $912,220 to 644 eligible students.
    • There were approximately 3,680 students eligible to receive funds in this quarter.

The following eligibility criteria were used to determine award distribution:

HEERF II & III –Project Description 84.425E Eligibility

  • Undergraduate and Graduate Students with exceptional financial need.
    • Defined as having a FAFSA calculated Expected Family Contribution (EFC) in the Federal Pell Grant eligible range–$0-$5,711, for 2020-2021, $0-$4,846 for 2021-2022.
    • Must file a FAFSA to establish eligibility.
  • No additional application is required.
  • Not required to complete verification or other FAFSA-related requirements.
  • Must be a current Excelsior Student.
      • Admitted and attempted credit-bearing activity during the national state of emergency related to COVID-19.
      • Newly admitting and prospective students are not eligible.
    • Are eligible even if not currently registered, but were during COVID-19 national state of emergency and have withdrawn.

Award

  • Amounts calculated based upon institutional methodology.
  • Prioritized based upon greatest need and availability of funding by trimester, until funds exhausted.
  • Does not affect eligibility for current or future financial aid awards.
    • Not considered financial aid or part of the financial aid package
  • Will NOT be visible to the student in the financial aid package in NetPartner.
  • Is not considered taxable income.

Student Use

  • Any Component that goes into a COA
  • Emergency Costs arising due to COVID
    • Tuition
    • Food
    • Housing
    • Health/Mental health Care
    • Child Care
  • Funds are paid directly to student (we are a pass through)
    • Will be disbursed through student billing account and refunded
  • Students MAY use funds to pay Excelsior College billing charges


Federal financial aid falls into two categories:

Eligibility for Federal Financial Aid

  • Must have a high school diploma or GED
  • Must be enrolled or accepted for enrollment in an eligible program of study at Excelsior College. Students completing their degrees solely by exam are not eligible for federal aid.
  • Must maintain half-time student status (6 credits for undergraduate and 3 credits for graduate)
  • Must be pursuing a degree
  • Must be a United States citizen or eligible noncitizen
  • Must be registered with Selective Service (if male and required)
  • May not have eligibility suspended or terminated due to being convicted of a drug-related offense
  • Must have a valid Social Security Number
  • May not be in default on a federal student loan
  • Must not owe an overpayment of federal grant or loan funds
  • Must be making Satisfactory Academic Progress as outlined in Excelsior’s Student Policy Handbook

Applying for Federal Financial Aid

To apply for financial aid, follow these steps.

Fill out the FAFSA form on the FAFSA website or via mobile app by going to the app store on your phone and searching for “myStudentAid. Here is a helpful video New Video for Students and Parents: Completing the FAFSA via Mobile App.
Our federal school code is 014251.

FAFSA year you should file as an Excelsior College student:

If a term start date falls within this time frameTo submit this FAFSAUsing income and tax information from
August 31, 2020 –
August 22, 2021
2020–212018
August 30, 2021 –
August 28, 2022
2021–222019

Federal Aid Book Voucher

To receive a Federal Aid Book voucher, you must complete the Book Voucher Request Form each trimester. The book voucher can only be used toward books that are required for the course(s) you are registered in.

  • You need to have accepted enough federal financial aid to cover the cost of tuition, fees, and books. Excelsior cannot issue a federal financial aid book voucher with scholarship, private loan, or VA benefit funds.
  • Your book voucher will be valued at $140 per course. If you need an increase, you may request to be reviewed for more than $140 per course and provide the amount that you need. You will receive a letter to the email address listed with Excelsior College from eCampus Bookstore with further instruction such as book voucher number and expiration date once your book voucher is available.
  • Any unused funds will go back onto your account to be disbursed once the voucher expires. You may contact eCampus Bookstore at 877-284-6744 if you have any questions.

Book Voucher Request Form

If you completely withdraw from all courses and are receiving Federal Student Aid, you are subject to having all or part of your financial aid returned to the appropriate financial aid programs. If you withdraw prior to 60% of the enrolled period elapsing, a pro-rated schedule (Return to federal calculation) is used to determine how much Federal Student Aid funds were earned at the time of withdrawal. Review Excelsior’s Student Policy Handbook for complete refund procedures, outlined in the course withdrawal section.

As a distributor of Federal Student Aid, Excelsior College is required by Federal regulations to inform you of the graduation rates of our first-time full-time students. We primarily serve working adults who attend college part-time, and who typically transfer in college credit previously obtained from other sources. The number of students at Excelsior College who are considered “first-time full-time” students for the current reporting year is zero for both associate and bachelor’s degree seeking students.

Excelsior College is committed to providing you with information about the success of our degree program students. As a reflection of that commitment, we have joined with other colleges and universities that serve adults at a distance in a voluntary system of accountability and transparency. Transparency at Excelsior includes information that is reflective of our student body, including part-time and transfer students. You will also find additional statistics about the learners in our programs, as well as information about student satisfaction, engagement, and learning outcomes.


Some FAFSA applications will be flagged for “unusual enrollment history” by the U.S. Department of Education as a result of the student having received Federal Pell Grants and Federal Direct Loans at multiple institutions in recent years.
Read more

Federal financial aid consortium agreements enable degree-seeking Excelsior College students to participate in financial aid programs while concurrently attending Excelsior College (Home Institution) and another accredited higher education institution (Host Institution).

You must be enrolled in at least one approved 3 credit hour course at Excelsior College and at least one course at the Host Institution per consortium term. Please obtain course approval from your Excelsior College academic advisor for courses at both institutions prior to registering.

This agreement does not guarantee an increase in the amount of financial aid you will be eligible to receive.

Please upload the completed consortium agreement application through your MyExcelsior Financial Aid Online System. To submit the consortium application through MyExcelsior, please notify the Office of Financial Aid ahead of time so that we can enable uploading of the document for you.

Federal Financial Aid Consortium Agreement Form