Or. Admin. R. 575-039-0060 - [Effective 1/28/2023] Oregon Promise Grant Amount
(1) The total
amount of an Oregon Promise Grant award will be based on the number of credit
hours in approved courses that the student attempts each term. For each
academic term, the student's grant award will be reduced by the amount received
in state and federal grants.
(2) The
maximum grant award available to an eligible a student for a full academic year
will be an amount that equals:
(a) No less
than $2,000 or the actual cost of tuition, whichever is less; and
(b) No more than the average cost of tuition
at a community college in this state, as determined by the office, or the
actual cost of tuition, whichever is less.
(3) Beginning with awards issued for the
2023-2024 academic year, the minimum award amount will be adjusted each
academic year for inflation based on the increase of the average cost of
tuition at an Oregon community college.
(4) Grant award amounts will be prorated for
a student who is enrolled in approved courses for a sufficient number of credit
hours to be considered enrolled at least a half-time but less than full
time.
(5) Cost calculations each
academic term shall include only the amount of tuition charged to the student
for credits attempted. Fees will not be included.
Notes
Statutory/Other Authority: ORS 341.522
Statutes/Other Implemented: ORS 341.522
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