American Educational College Inc

The Cares Act Provides Funding to Institutions to Provide Emergency Financial Aid Grants to Students Whose Lives Have Been Disrupted, Many of Who Are Facing Financial Challenges.

Committed

$936,257

Paid to

UEI U3J3S1631HQ4

Carr 2 KM 11 Point 0, Bayamon, PR, 00960

Department of Education

Place

BAYAMON, PR, UNITED STATES

PR-98

Performance

Dec 23, 2020 → Jun 30, 2023

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

American Educational College Inc

The Cares Act Provides Funding to Institutions to Provide Emergency Financial Aid Grants to Students Whose Lives Have Been Disrupted, Many of Who Are Facing Financial Challenges.

Committed

$936,257

Paid to

American Educational College Inc

UEI U3J3S1631HQ4

Carr 2 KM 11 Point 0, Bayamon, PR, 00960

Department of Education

Place

BAYAMON, PR, UNITED STATES

PR-98

Performance

Dec 23, 2020 → Jun 30, 2023

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 ↗