CARES Act
HEERF I
As of October 10, 2020, this is our final report.
Name of entity receiving award: Nichols College
Amount of award: $1,236,801
Funding agency: U. S. Department of Education
Catalog of Federal Domestic Assistance (CFDA) program number for grants: 84.425
Program source: CARES ACT-HE Emergency Relief
Award title descriptive of the purpose of the funding action:
Location of the entity (including congressional district): Dudley, MA 1st congressional district
Place of performance (including congressional district): Dudley, MA 1st congressional district
Unique identifier of the entity and its parent: 07-534-8714
Total compensation and names of top five executives (calendar year 2019):
- Susan Engelkemeyer $497,034
- William Boffi $195,478
- William Pieczynski $188,692
- Kerry Calnan $181,703
- Robert LaVigne $181,437
Nichols College acknowledges that the Certification and Agreement under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students was signed and returned to the Department of Education on 4/16/20. The College intends to use 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Nichols College was allocated $1,236,801 and has received $1,236,801 as of May 28, 2020.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of May 28, 2020 is $619,297.
The total number of students at the College who filed a FAFSA was 1,160. Filing a FAFSA allows a student’s eligibility to be considered but does not guarantee they will be eligible to receive funds 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.
Based on need-based parameters established by the College, 723 students as of May 28, 2020 have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
The method used by the College to determine which students receive Emergency Financial Aid Grants and how they would receive under Section 18004(a)(1) of the CARES Act is as follows:
- 205 Students with an EFC of $0-$1,000 will receive approximately $1,200 for a total of $299,505
- 116 Students with an EFC of $1,001-$5,000 will receive approximately $900 for a total of $127,086
- 123 Students with an EFC of $5,001-$10,000 will receive approximately $600 for a total of $90,036
- 279 Students with an EFC of greater than $10,000 will receive approximately $300 for a total of $102,670
The payment of these emergency grants was processed through an Emergency Funds process in Colleague, the College’s ERP system. This process by-passes the student’s account and allows a check or ACH payment to be paid directly to the student without interfering with their account balance. These payments were processed on Friday, May 22, 2020.
HEERF II
As of June 30, 2021, this is our final report.
Name of entity receiving award: Nichols College
Amount of award: $1,932,689
Funding agency: U. S. Department of Education
Catalog of Federal Domestic Assistance (CFDA) program number for grants: 84.425
Program source: CARES ACT-HE Emergency Relief
Award title descriptive of the purpose of the funding action:
Location of the entity (including congressional district): Dudley, MA 1st congressional district
Place of performance (including congressional district): Dudley, MA 1st congressional district
Unique identifier of the entity and its parent: 07-534-8714
Total compensation and names of top five executives (calendar year 2020):
- Susan Engelkemeyer $461,604
- Kerry Calnan $170,849
- William Boffi $163,446
- William Pieczynski $158,368
- Robert LaVigne $150,474
Nichols College acknowledges that the Certification and Agreement under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students was signed and returned to the Department of Education on 4/16/20. The College intends to use 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Nichols College was allocated $1,932,689 and has received $1,932689 as of April 9, 2021.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of April 9, 2021 is $618,401.
The total number of students at the College who filed a FAFSA was 916. Filing a FAFSA allows a student’s eligibility to be considered but does not guarantee they will be eligible to receive funds 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.
Based on need-based parameters established by the College, 1,050 students as of April 9, 2021 have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
The method used by the College to determine which students receive Emergency Financial Aid Grants and how they would receive under Section 18004(a)(1) of the CARES Act is as follows:
- 198 Students with an EFC of $0-$1,000 will receive approximately $;1,250 for a total of $247,500
- 119 Students with an EFC of $1,001-$5,000 will receive approximately $950 for a total of $113,050
- 109 Students with an EFC of $5,001-$10,000 will receive approximately $650 for a total of $70,850
- 482 Students with an EFC of greater than $10,000 will receive approximately $350 for a total of $168,700
- 142 Non-FAFSA filers will receive approximately $150 for a total of $21, 300
The payment of these emergency grants was processed through an Emergency Funds process in Colleague, the College’s ERP system. This process by-passes the student’s account and allows a check or ACH payment to be paid directly to the student without interfering with their account balance. These payments were processed on Friday, April 9, 2021.
HEERF III
As of December 31, 2021, this is our quarterly report.
Name of entity receiving award: Nichols College
Amount of award: $3,308,300
Funding agency: U. S. Department of Education
Catalog of Federal Domestic Assistance (CFDA) program number for grants: 84.425
Program source: CARES ACT-HE Emergency Relief
Award title descriptive of the purpose of the funding action:
Location of the entity (including congressional district): Dudley, MA 1st congressional district
Place of performance (including congressional district): Dudley, MA 1st congressional district
Unique identifier of the entity and its parent: 07-534-8714
Total compensation and names of top five executives (calendar year 2020):
- Susan Engelkemeyer $461,604
- Kerry Calnan $170,849
- William Boffi $163,446
- William Pieczynski $158,368
- Robert LaVigne $150,474
Nichols College acknowledges that the Certification and Agreement under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students was signed and returned to the Department of Education on 4/16/20. The College intends to use 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
Nichols College was allocated $3,308,300 and has received $3,308,300 as of June 11, 2021.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of August 23, 2021 is $1,680,686.
The total number of students at the College who filed a FAFSA was 1,007. Filing a FAFSA allows a student’s eligibility to be considered but does not guarantee they will be eligible to receive funds 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.
Based on need-based parameters established by the College, 1,171 students as of August 23, 2021 have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
The method used by the College to determine which students receive Emergency Financial Aid Grants and how they would receive under Section 18004(a)(1) of the CARES Act is as follows:
- 242 Students with an EFC of $0-$1,000 will receive approximately $2,565 for a total of $618,371
- 129 Students with an EFC of $1,001-$5,000 will receive approximately $2,050 for a total of $264,450
- 116 Students with an EFC of $5,001-$10,000 will receive approximately $1,550 for a total of $179,800
- 516 Students with an EFC of greater than $10,000 will receive approximately $1,050 for a total of $541,800
- 169 Non-FAFSA filers will receive approximately $150 for a total of $76,365
The payment of these emergency grants was processed through an Emergency Funds process in Colleague, the College’s ERP system. This process by-passes the student’s account and allows a check or ACH payment to be paid directly to the student without interfering with their account balance. These payments were processed on Monday, June 28, 2021, Tuesday, June 29, 2021, Monday August 23, 2021, and Thursday, December 16, 2021.
HEERF I Final Quarterly Reporting for Institutional Funds
HEERF II Final Quarterly Reporting for Institutional Funds
HEERF III Final Quarterly Reporting for Institutional Funds