206-38 Wyo. Code R. §§ 38-15 - Hathaway Need-Based Scholarship
(a) To qualify for
a need-based scholarship, students shall first be eligible to receive one of
the Hathaway Merit Scholarships and shall additionally be eligible for federal
financial aid as determined by the eligible institution.
(b) The eligible institution shall determine
unmet financial need annually for each student no later than the end of the
sixth (6th) week of the semester in which the
student first enrolls for the academic year.
(c) Unmet need is calculated in the following
manner:
(i) Determine the institution's cost
of attendance (COA) before adjustments;
(A)
Effective July, 2022 pursuant to
W.S.
21-16-1306(a)(i)(D) COA
shall not exceed the undergraduate COA before adjustments.
(ii) Subtract from the COA the estimated
family financial contribution determined by the eligible institution;
(iii) Subtract the appropriate annual
Hathaway merit award for which the student is eligible; and
(iv) Subtract any additional grants or
scholarships the student will receive. This result is the annual unmet
need.
(d) If a student's
annual unmet need is less than or equal to $2,000.00, the student is not
eligible for the Hathaway Need-Based Scholarship.
(e) If a student's annual unmet need is
greater than $2,000.00, the student shall receive an award pursuant to W.S.
W.S.
21-16-1306.
(f) The need-based scholarship shall, at
minimum, be recalculated annually. If the student meets financial requirements
for the need-based scholarship, it shall continue as long as the student
remains eligible for a Hathaway Merit Scholarship.
Notes
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