RELATES TO:
KRS
164.744(2),
164.753(4),
164.780,
164.785
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
164.748(4) requires the
authority to promulgate administrative regulations pertaining to the awarding
of grants, scholarships, and honorary scholarships as provided in
KRS
164.740 to
164.7891.
KRS
164.753(4) requires the
authority to promulgate administrative regulations pertaining to grants. This
administrative regulation establishes the award determination procedures for
the Kentucky tuition grant program.
Section
1. Kentucky Tuition Grant (KTG) Program Awards. An application
submitted pursuant to
11 KAR
4:080 and
11 KAR
5:130 shall be reviewed for determination of
eligibility for a
KTG.
Section 2.
KTG Need. For each
KTG eligible applicant, the
KTG need shall be computed
according to the following formula:
KTG need equals total cost of education
minus the sum of:
(1) Expected Pell
grant;
(2) Expected family
contribution; and
(3) CAP
grant.
Section 3. KTG
Award.
(1) If an applicant does not qualify
for a CAP grant and the KTG need is an amount equal to or greater than $200,
the KTG shall be the lesser of the KTG need or the maximum grant authorized by
KRS
164.785(3), except that KTG
awards shall be offered only to the extent funds are available.
(2) If an applicant does not qualify for a
CAP grant, and the KTG need is an amount less than $200, an award shall not be
made.
(3) If an applicant has
received a CAP award and KTG need is an amount equal to or greater than fifty
(50) dollars, the KTG award shall be the lesser of the KTG need or the maximum
grant specified in Section 5 of this administrative regulation except that KTG
awards shall be offered only to the extent that funds are available.
(4) A KTG award shall not exceed $3,000 for
an academic year.
Section
4.
(1) A KHEAA grant shall not
exceed the cost of tuition and fees charged to the student during the academic
year of the award.
(2) A KHEAA
grant awarded to an incarcerated individual shall be considered an overaward to
the extent that the KHEAA grant, in combination with financial assistance
received from other sources, exceeds the student's actual cost for tuition,
fees, and books.
(3) A semester
award shall not exceed tuition and fee charges for that semester.
(4) A KHEAA grant award shall not be made for
a summer academic term.
Section
5.
(1) A KHEAA grant award shall
not exceed the applicant's total cost of education less expected family
contribution and other anticipated student financial assistance.
(2) The authority shall reduce or revoke a
KHEAA grant upon receipt of documentation that financial assistance from other
sources in combination with the KHEAA grant exceeds the educational
institution's determination of financial need for that student.
(3) The KHEAA grant program officer (KGPO)
and the grant recipient shall make every reasonable effort to provide the
authority the information needed to prevent an overaward.
(4) If the applicant's expected family
contribution, disbursed KHEAA grant amount, plus other student financial
assistance exceeds his need, the excess shall be considered to be an overaward.
If an overaward occurs, this amount shall be returned to the authority
immediately.
Section 6.
(1) If the authority receives revised data
that, upon recomputation, results in the student becoming ineligible for a
KHEAA grant that has already been offered, but not disbursed, the grant shall
be revoked.
(2) If the student is
determined to be ineligible after the KHEAA grant has been disbursed, the
student shall repay to the authority the entire amount of the KHEAA grant for
which the student was ineligible.
Section 7.
(1) If the authority receives revised data
that, upon recomputation, necessitates reduction of the KHEAA grant and the
grant has not yet been disbursed, the reduction shall be made to both the fall
and spring disbursements, and the student shall be notified of the
reduction.
(2) If the grant for the
fall academic term has already been disbursed, the reduction shall be made to
the spring disbursement.
(3) If
both the fall and spring disbursements have been made, the student shall repay
the overaward to the authority.
Section 8. Students requested by the
institution to provide verification of data for any financial assistance
program shall provide the verification before receiving disbursement of a KHEAA
grant. Any student who is awarded a KHEAA grant who fails to provide
verification requested by the educational institution shall be deemed
ineligible, and the grant shall be revoked.