Purpose:
Establishment of guidelines for the administration of scholarships
appropriated from "Other Education and General Income,"
"Statutory Tuition Increases," and "Scholarships" in the General Appropriations Act
Date Approved:
August
10, 1995 (Editorially
amended September 2000)
Background:
Specific
language relating to the administration of scholarships was included in the
prior General Appropriations Act, and
the requirement of a governing board policy was last implemented by the
enactment of rules and regulations for the 1994-1995 biennium by the Board at
the August 1993 meeting.
These
regulations became effective with the 1996-1997 biennium and will not require
amendment or reenactment in the future unless the language of the rider
("Method of Financing Scholarships") changes.
Rules and Regulations for
Administration of Scholarships
a. Scholarships
1. Scholarships from said fund may be awarded
only to students who have been accepted for enrollment and who actually enroll
on at least a half-time basis in the term or terms for which the scholarship is
awarded.
2. Scholarships are to be awarded based on
the financial need of the applicant as determined by the component institution
and based on accepted need analysis procedures generally in use in other
"need-based" financial assistance programs.
3. Each student shall first use any other grant
funds for support of educational expenses for which the student may reasonably
be eligible before receiving state scholarship funds.
4. The amount of the scholarship award, when
combined with all other grant or gift funds awarded to the student, shall not
exceed 70% of the reasonable expenses to be incurred by the student in the
semester or term for which the scholarship is awarded.
5. No student shall receive an amount in
excess of demonstrated need.
6. No more than 10% of total scholarship funds
awarded through the program in a fiscal year shall be awarded to nonresident
students.
b. Institutional
matching share of earnings in the Federal College Work-Study Program
1. Any or all of the scholarship funds
appropriated may be used for the institutional matching share of earnings in
the College Work-Study Program.
2. Funds used in this manner will not be
subject to the restriction governing the scholarships.
c. No funds appropriated in this Act for scholarships to institutions of higher education may be used to provide athletic scholarships.
Last reviewed September 2000