RELATES TO:
KRS
164.744(2),
164.753(4),
164.7535,
164.7889(3)
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.
KRS
164.7889(3) requires the
authority to promulgate an administrative regulation that increases both the
maximum amount available under the grant programs, and increases the average
income level for qualification for the grant programs if sufficient funds are
available. This administrative regulation prescribes the award determination
procedures for the CAP Grant Program.
Section
1. Each application submitted pursuant to
11 KAR
4:080 and
11 KAR
5:130 shall be reviewed for determination that all
eligibility requirements established in
11 KAR
5:034 are met. To qualify for a CAP award based on
financial need, the applicant's expected family contribution shall be $5,576 or
less.
Section 2. CAP Grant Award.
(1) Except as provided in subsection (2) of
this section, the maximum CAP grant in any semester for an applicant accepted
for enrollment on a full-time basis as determined by the educational
institution in an eligible program shall be the lesser of:
(a) $1,000; or
(b) The amount of eligibility the student has
remaining within the aggregate KHEAA grant limit.
(2) The maximum CAP grant in any semester for
an applicant accepted for enrollment on less than a full-time basis as
determined by the educational institution in an eligible program shall be:
(a) The amount specified in subsection (1)(a)
of this section:
1. Divided by twelve (12);
and
2. Multiplied by the number of
credit hours in which the applicant is accepted for enrollment; and
(b) Not in excess of the maximum
specified in subsection (1)(b) of this section.
(3) For any academic year, a student shall
not receive more than $2,000 for an aggregate CAP grant award.
Section 3.
(1) 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.
(2) A KHEAA grant award shall not be made for
a summer academic term.
Section
4.
(1) A KHEAA grant award shall
not exceed the applicant's 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 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 or her need, the excess shall be considered to be an
overaward. If an overaward occurs, this amount shall be returned to the
authority immediately.
Section
5.
(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.
Section 6. If
the educational institution receives revised data that, upon recomputation,
necessitates reduction of the KHEAA grant, and:
(1) If the grant has not yet been disbursed
for the fall academic term, the reduction shall be made to both the fall and
spring disbursements and the educational institution shall notify the student
of the reduction;
(2) If the grant
for the fall academic term has already been disbursed and the student enrolls
for the spring academic term, the reduction shall be made to the spring
disbursement and the educational institution shall notify the student of the
reduction;
(3) If the grant for the
fall academic term has already been disbursed and the student does not enroll
for the spring academic term, the educational institution shall notify the
student of the fall overaward and the student shall repay the overaward to the
authority; or
(4) If both the fall
and spring disbursements have been made, the educational institution shall
notify the student of the overaward and the student shall repay the overaward
to the authority.
Section
7.
(1) 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.
(2) Any student who is
awarded a KHEAA grant who fails to provide verification requested by the
participating institution shall be deemed ineligible, and the grant shall be
revoked.
