Section 08.01.13.300 - SELECTION OF SCHOLARSHIP RECIPIENTS01.Selection Process. Scholarship awards will be based on the availability of scholarship program funds. Opportunity scholarships will be awarded to applicants, based on ranking and priority, in accordance with the following criteria:a. Eligible students shall be selected based on ranking criteria that assigns seventy percent (70%) to financial eligibility, and thirty percent (30%) to academic eligibility. In the event that this weighted score results in a tie, an eligible student who submitted an application to the Board earlier in time will be assigned a higher rank.b. Notwithstanding Subsection 300.01.a. of these rules, the priority for the selection of recipients of opportunity scholarship awards shall be to scholarship recipients who received an opportunity scholarship award during the previous fiscal year, and have met all of the continuing eligibility requirements provided in these rules.02.Monetary Value of the Opportunity Scholarship. a. The monetary value of the opportunity scholarship award to a student shall be based on the educational costs for attending an eligible Idaho postsecondary educational institution, less the following:i. The amount of the assigned student responsibility, established by the Board annually;ii. The amount of federal grant aid, as identified by the FAFSA Submission Summary if known at the time of award determination;iii. The amount of other financial aid awarded the student, from private or other sources that is known at the time of award determination.iv. The eligible maximum award amount for Adult Learners enrolled in less than twenty-four (24) credit hours or its equivalent in an academic year will be prorated as follows: (1) Enrolled in six (6) to eight (8) credits or its equivalent per term - fifty percent (50%) of the maximum;(2) Enrolled in nine (9) to eleven (11) credits or its equivalent per term - seventy-five percent (75%) of the maximum; and(3) Enrolled in twelve (12) or more credits or its equivalent per term - one hundred percent (100%) of the maximum.b. The amount of an opportunity scholarship award to an individual student shall not exceed the actual cost of tuition and fees at the institution the student attends or will attend, or if the student attends or will attend an Idaho private postsecondary educational institution, the average tuition at Idaho's public four (4) year postsecondary educational institutions.c. The Board may determine monetary value without the FAFSA Submission Summary if the delay is due only to federal delay and may modify any final award or payment upon receipt of the FAFSA Submission Summary.Idaho Admin. Code r. 08.01.13.300