April 10, 6:07 p.m.
On March 27, Congress passed a $2 trillion economic support/stimulus package that included resources to assist higher education institutions and their students. On April 9, the U.S. Department of Education made an initial announcement about the funds Shepherd can potentially receive and the rules under which we are allowed to use those funds for our students. The federal funds have not actually been distributed yet.
Based upon the guidance, we currently anticipate providing Emergency Financial Assistance to students shortly after the federal funds are received. However, we will also have to continue to monitor additional guidance from the Department of Education in administering this Financial Assistance.
As stated in a prior email, we will begin processing the Financial Assistance and provide specific, detailed information for each affected student by the end of April.
Thank you for your understanding during this extraordinary and rapidly changing period of time.