Cost of attendance: includes costs payable to the institution, other direct educational expenses, transportation, and living expenses while attending the institution. See Utah Code 53B-13a-102
Financially needy student: means a student who demonstrates the financial inability to meet all or a portion of the cost of attendance at an institution for any period of attendance as defined by the board, after considering the student's expected family contribution. See Utah Code 53B-13a-102
institution: means :
(a)
an institution of higher education listed in Section 53B-1-102; or
(b)
a Utah private, nonprofit postsecondary institution that is accredited by a regional accrediting organization recognized by the board. See Utah Code 53B-13a-102
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(a)
the prosperity, economic success, and general welfare of the people of Utah and of the state are directly related to the educational levels and skills of the citizens of the state; and
(b)
financial assistance, to bridge the gap between a financially needy student‘s resources and the cost of attendance at a Utah postsecondary institution, is a necessary component for ensuring access to postsecondary education and training.
(2)
There is created the Utah Promise Program to provide financial assistance to students.
(3)
The board shall annually submit an electronic report to the Higher Education Appropriations Subcommittee regarding the Utah Promise Program.
