19 Tex. Admin. Code § 22.368 - Allocation of Funds
(a) Allocations.
Allocations are to be determined as follows:
(1) Each institution's percent of the
available funds will equal the ratio of its institutional need to the
state-wide need.
(2) An
institution's institutional need is calculated by multiplying:
(A) the number of students it reported in the
most recent certified Financial Aid Database submission who met the following
criteria:
(i) were classified as Texas
residents;
(ii) were enrolled in a
vocational or professional nursing program on at least a half-time basis;
and
(iii) have a 9-month Expected
Family Contribution, calculated using federal methodology, less than or equal
to the Federal Pell Grant eligibility cap for the year reported in the
Financial Aid Database submission; and
(B) the institution's maximum scholarship
amount, as determined by the Coordinating Board under §
22.367(a) of
this subchapter (relating to Scholarship Amount).
(3) The state-wide need is calculated as the
sum of all eligible institutions' institutional need.
(4) Allocations for both years of the state
appropriations' biennium will be completed at the same time. The three most
recent certified Financial Aid Database submissions will be used to forecast
the data utilized in the calculation of the allocation for the second year of
the biennium. Institutions will receive notification of their allocations for
both years of the biennium at the same time.
(5) Notwithstanding subsection (a)(4) of this
section, allocations for Fiscal Year 2025 will be based on the most recent
certified Financial Aid Database submission.
(6) Allocation calculations will be shared
with all participating institutions for comment and verification prior to final
posting and the institutions will be given ten (10) working days, beginning the
day of the notice's distribution and excluding State holidays, to confirm that
the allocation report accurately reflects the data they submitted or to notify
the Coordinating Board in writing of any inaccuracies.
(b) Limited Allocation for Certain
Institutions. Notwithstanding the allocation methodology established in
subsection (a) of this section, an institution described by Texas Education
Code, §
61.651(1)(C),
may not receive more than ten (10) percent of the total amount of scholarship
funds allocated in a fiscal year. Excess funds that would otherwise be
allocated to such an institution will instead be allocated to the remaining
eligible institutions according to the allocation methodology established in
subsection (a) of this section.
Notes
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