Ariz. Admin. Code § 7-3-402
A. "Award year" means the period from July 1 through June 30 of the succeeding year.
B. "Commission" means the Commission for Postsecondary Education.
C. "Eligible postsecondary institution" means any private postsecondary institution:
1. Licensed to provide baccalaureate degrees in Arizona by the Arizona State Board for Private Postsecondary Education; and
2. Accredited by an accrediting body recognized by the United States Department of Education.
D. "Eligible student" means an individual who:
1. Has obtained an associate degree from a community college under the jurisdiction of the Arizona State Board of Directors for Community Colleges; and
2. Enrolls as a full-time undergraduate student at an eligible postsecondary institution.
E. "Enrollment" means the establishment and maintenance of an individual's status as a student in an eligible postsecondary institution, regardless of the definition used at that institution.
F. "FAFSA" means Free Application for Federal Student Aid.
G. "Financial need" means the cost of attendance less expected family contribution, determined from the student's FAFSA form, minus any grant or scholarship aid.
H. "Full-time student" means an individual who is enrolled in at least 12 credit hours per semester or an equivalent calculation.
I. "Undergraduate student" means an individual who has not earned a baccalaureate or professional degree and who is enrolled in a postsecondary educational program which leads to, or is creditable toward, a baccalaureate degree.
J. "Student financial assistance" means awarding a grant of money to an eligible, undergraduate student for payment of tuition and fees, as defined and allowed under United States Department of Education Title IV student assistance analysis, at an eligible postsecondary institution.
Ariz. Admin. Code § R7-3-402