Md. Code Regs. 13B.08.14.03
Current through Register Vol. 51, No. 12, June 14, 2024
Section 13B.08.14.03 - Award AmountA. Grants shall be awarded in accordance with the minimum and maximum award ranges specified in this regulation.B. In this regulation, "cost of attendance (COA)" means the annual expenses of a full-time resident undergraduate at the 4-year public institution of higher education within the University System of Maryland with the highest annual expense for a full-time resident undergraduate as determined by the Maryland Higher Education Commission, other than the University of Maryland University College and University of Maryland, Baltimore.C. The minimum and maximum award ranges are: Enrollment | Community College Award Range | 4-Year Institution Award Range |
Full-time | $2,000 to 25 percent of COA | $4,000 to 50 percent of COA |
Part-Time | $1,000 to 12.5 percent of COA | $2,000 to 25 percent of COA |
D. The Office of Student Financial Assistance (OSFA) shall establish the award amount annually when program funding and the number of demand occupations to be incorporated into the program are known.E. If a student takes courses over a summer session to meet the minimum number of credit hours for full-time or part-time status, the award amount shall be divided equally between the fall, spring, and summer sessions, as appropriate.F. A student who is enrolled in an academic program that includes mandatory summer sessions as part of the approved curriculum may receive an additional award not to exceed $1,000 per calendar year, if funds are available. A student shall apply for summer funding in writing by April 1 of that academic year.G. The grant award may be used at any eligible institution for educational expenses as defined by OSFA, including tuition, mandatory fees, and room and board.Md. Code Regs. 13B.08.14.03
Regulation .03 adopted effective 44:17 Md. R. 837, eff. 8/28/2017