U.S. Department of Education Releases New HEERF Quarterly Reporting Form
On July 7, 2022, the U.S. Department of Education (ED) released a revised Higher Education Emergency Relief Fund (HEERF) quarterly reporting form (QRF). This revised QRF combines student and institutional reporting. A list of important details surrounding the revised QRF is provided below:
- Required to use new QRF starting with the second quarter of calendar year 2022, i.e., June 30, 2022 reporting
- The revised QRF must be conspicuously posted on the institution’s primary website as a digital PDF; no handwritten or scanned PDFs are allowed
- PDF must be named in the following manner: [8-digit OPEID]_[Survey Name]_[Quarter/Year]_[Date of Release]
- For example: 01177600_HEERF_Q32021_101021
- Due date remains unchanged, QRF is due 10 days after the end of each calendar quarter
- New QRF combines the reporting for institutional and student aid reporting and requires the institution to specify the amount of HEERF I, II, and III expended for each funding category, including institutional (a)(1), (a)(2), and (a)(3) funds, and student (a)(1) and (a)(4) funds
- Separate narrative reports posted quarterly to an institution’s website for student aid portion are no longer required on a go-forward basis; however, institutions are required to maintain what was previously posted related to student aid reporting
- An expanded lost revenue disclosure table is included in the revised QRF
- This could cause your institution to further break down the sources of lost revenue compared to previous quarterly reporting
- Institutions are now required to provide a link to their annual HEERF report located on the ESF transparency portal so that the annual report is accessible for public inspection
- Professionals at FORVIS have already noted several typographical errors in the July 7, 2022 QRF
- A new version should be released that corrects these typographical errors, but a widescale change to the QRF is not expected
View more on ED’s HEERF Reporting webpage. As with most topics related to HEERF reporting, changes are being made frequently and rapidly. Please note that this information is current as of the date of publication.
For more information, contact a professional at FORVIS or use the Contact Us form below.