The Department of Education (ED) has notified higher education institutions that drew funds from the Higher Education Emergency Relief Fund (HEERF) under any of the three federal coronavirus relief packages that they are required to submit their annual report describing how the institution used the awarded funds between April 11 and May 6, 2022.
The annual performance report institutions must submit covers activities funded between January 1 through Dec. 31, 2021 and are in addition to requirements to publish quarterly reports. Additionally, ED noted that during that time period the portal will be open for corrections to CARES Act reports that institutions have already submitted.
ED has yet to post this notice publicly, but NASFAA will continue to monitor and update members as needed.
Publication Date: 1/19/2022