Iowa Admin. Code r. 283-13.4 - Awarding of funds
(1)
Selection criteria. All eligible applicants will be considered
for an award.
(2)
Extent of
award and maximum award. Eligible applicants may receive no more than
the equivalent of four full-time awards. If the program of study cannot be
completed by the eligible applicant within the extent of the award, the
eligible applicant may qualify for the equivalent of one additional full time
award. These limits reset after two years of no postsecondary enrollment,
pursuant to Iowa Code section
256.192(3)
"b."
a. The maximum award
for full-time students will not exceed the student's financial need and may be
the lesser of:
(1) The difference between the
cost of tuition, mandatory fees, books and supplies, as determined by the
commission, and the amount of the federal Pell Grant for which the student
qualifies,
(2) $1,200,
(3) An award amount established by the
commission that allows all eligible applicants to receive an award.
b. When awarded in combination
with other tuition-restricted funds, the total amount of tuition-restricted
funding including an Iowa vocational-technical tuition grant cannot exceed the
total tuition and mandatory fees charged to the recipient.
c. A part-time student will receive a
prorated award, as defined by the commission, which is calculated by dividing
the number of hours for which the student is enrolled by the required number of
hours for full-time enrollment and multiplying the quotient by the maximum
award.
(3)
Awarding process.
a. The
commission will provide notice of the eligibility criteria and maximum award to
participating Iowa community colleges annually to authorize awarding.
b. The commission will designate eligible
applicants for awards and provide Iowa community colleges with rosters of
designated eligible applicants.
c.
Iowa community colleges will notify recipients of the awards, clearly
indicating the award amount and the state program from which funding is being
provided and stating that the award is contingent on the availability of state
funds.
d. Iowa community colleges
will apply awards directly to student accounts to cover tuition and mandatory
fees.
e. Iowa community colleges
will provide information about eligible applicants to the commission in a
format specified by the commission. Iowa community colleges will make necessary
changes to awards due to a change in enrollment, program of study , and
financial situation, and promptly report those changes to the
commission.
f. Iowa community
colleges are responsible for completing necessary verification and for
coordinating other aid to ensure compliance with student eligibility
requirements and allowable award amounts. Iowa community colleges will report
changes in student eligibility to the commission.
g. The commission will periodically
investigate and review compliance of Iowa community colleges participating in
this program with the criteria established in Iowa Code section
256.192 and this rule.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.