Mac Cormac College Inc

Institutional Portion of the Higher Education Emergency Relief Fund Formula Grants Authorized by Section 18004(A)(1) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act

Committed

$1.7 Million

Paid to

UEI DGN3FFPKQW15

29 E Madison ST Ste 200, Chicago, IL, 60602

Department of Education

Place

CHICAGO, IL, UNITED STATES

IL-07

Performance

May 5, 2020 → Jan 16, 2022

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · formula grant (a)

Department of Education

Education Stabilization Fund to

Mac Cormac College Inc

Institutional Portion of the Higher Education Emergency Relief Fund Formula Grants Authorized by Section 18004(A)(1) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act

Committed

$1.7 Million

Paid to

Mac Cormac College Inc

UEI DGN3FFPKQW15

29 E Madison ST Ste 200, Chicago, IL, 60602

Department of Education

Place

CHICAGO, IL, UNITED STATES

IL-07

Performance

May 5, 2020 → Jan 16, 2022

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗