2014 Indiana Code 21-12-1.7-3. Annual publication of schedule of award amounts
Current as of: 2014 |
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Sec. 3. (a) This section applies to an academic year beginning
after August 31, 2014. The commission shall publish annually a schedule of award amounts for the higher education award and freedom of choice grant issued under this article. The schedule must provide award amounts on the basis of the recipient’s expected family contribution. The expected family contribution shall be derived from information submitted on the recipient’s financial aid application form. The commission shall determine award amounts separately for:
(1) recipients attending approved public state educational institutions (except Ivy Tech Community College);
(2) Ivy Tech Community College;
(3) recipients attending a nonprofit college or university listed in IC 21-7-13-6(a)(1)(C); and
(4) recipients attending approved postsecondary credit bearing proprietary institutions.
(b) The schedule of award amounts published under subsection (a) shall offer a larger award to a recipient who, as of the student’s most recently concluded academic year, has successfully completed:
(1) at least thirty (30) credit hours or the equivalent by the end of the student’s first academic year;
(2) at least sixty (60) credit hours or the equivalent by the end of the student’s second academic year; or
(3) at least ninety (90) credit hours or the equivalent by the end of the student’s third academic year.
A student’s academic years used to determine if the student meets the requirements of this subdivision are not required to be successive calendar years.
(c) The schedule of award amounts shall set forth an amount for recipients described in subsection (a)(1) that is equal to fifty percent (50%) of the amount for recipients described in subsection (a)(3).
(d) This subsection expires September 1, 2016. A student that initially enrolls in an eligible institution for an academic year beginning before September 1, 2013, is eligible for the larger award determined under subsection (b) regardless of the student’s credit completion.
As added by P.L.281-2013, SEC.5. Amended by P.L.2-2014, SEC.91.
after August 31, 2014. The commission shall publish annually a schedule of award amounts for the higher education award and freedom of choice grant issued under this article. The schedule must provide award amounts on the basis of the recipient’s expected family contribution. The expected family contribution shall be derived from information submitted on the recipient’s financial aid application form. The commission shall determine award amounts separately for:
(1) recipients attending approved public state educational institutions (except Ivy Tech Community College);
(2) Ivy Tech Community College;
(3) recipients attending a nonprofit college or university listed in IC 21-7-13-6(a)(1)(C); and
(4) recipients attending approved postsecondary credit bearing proprietary institutions.
(b) The schedule of award amounts published under subsection (a) shall offer a larger award to a recipient who, as of the student’s most recently concluded academic year, has successfully completed:
(1) at least thirty (30) credit hours or the equivalent by the end of the student’s first academic year;
(2) at least sixty (60) credit hours or the equivalent by the end of the student’s second academic year; or
(3) at least ninety (90) credit hours or the equivalent by the end of the student’s third academic year.
A student’s academic years used to determine if the student meets the requirements of this subdivision are not required to be successive calendar years.
(c) The schedule of award amounts shall set forth an amount for recipients described in subsection (a)(1) that is equal to fifty percent (50%) of the amount for recipients described in subsection (a)(3).
(d) This subsection expires September 1, 2016. A student that initially enrolls in an eligible institution for an academic year beginning before September 1, 2013, is eligible for the larger award determined under subsection (b) regardless of the student’s credit completion.
As added by P.L.281-2013, SEC.5. Amended by P.L.2-2014, SEC.91.