19 Tex. Admin. Code § 22.555 - Scholarship Amount
(a) The
scholarship is issued by the Coordinating Board as a state credit for use by an
eligible student at any eligible institution.
(1) For a student who graduated from high
school two or more semesters or the equivalent earlier than the student's high
school cohort, the state credit offered to the student will equal the maximum
annual (two semester) TEXAS Grant amount determined by the Coordinating Board.
The calculation is based on TEXAS Grant value for the first academic year that
begins following the student's graduation from high school.
(2) For a student who graduated from high
school less than two semesters or the equivalent earlier than the student's
high school cohort, the state credit offered to the student will equal half of
the amount described by paragraph (1) of this subsection.
(b) The amount of state credit offered to a
student under the program may not be considered in the calculation of any state
or institutional need-based financial aid or the calculation of the student's
overall financial need, unless the combination of the credit and other federal,
state, and institutional financial aid, excluding work-study and loan programs,
for which the student would otherwise be eligible exceeds the estimated cost of
attendance at the eligible institution at which the student is
enrolled.
(c) On enrollment of an
eligible student at an eligible institution, the institution shall apply the
state credit to the student's charges for tuition, mandatory fees, and other
costs of attendance.
(1) The amount applied
for the semester is equal to the lesser of:
(A) The amount of the state credit available
to the student; or
(B) The
student's cost of attendance.
(2) Remaining state credit may be applied to
subsequent semesters within the eligibility period described by
§22.554 of this subchapter
(relating to Discontinuation of Eligibility or
Non-Eligibility).
Notes
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