Iowa Code r. 283-23.4 - 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 can 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
256.227(5)
"b."
a. The maximum award
for full-time students will not exceed the student's financial need and will
not exceed one-half of the average community college tuition and fee
rate.
b. The award is calculated in
conjunction with the federal Pell Grant and the Iowa vocational-technical
tuition grant, with the goal of providing awards to as many eligible applicants
as possible.
c. When awarded in
combination with other tuition-restricted funds, the total amount of
tuition-restricted funding including a skilled workforce shortage tuition grant
cannot exceed the total tuition and mandatory fees charged to the
recipient.
d. 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 256.227 and this
rule.
Notes
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