N.M. Admin. Code § 5.7.34.9

Current through Register Vol. 35, No. 23, December 10, 2024

Section 5.7.34.9 - AMOUNT OF SCHOLARSHIP AND DURATION

A. Institutions shall make awards to qualifying eligible students based on financial need. The following provisions shall also apply to the scholarship:

(1) each scholarship award is for a period of one semester;

(2) the scholarship may apply to educational expenses including tuition, fees, books and course supplies and living expenses; and

(3) awards shall not exceed six thousand dollars ($6,000) per academic year.

B. A student may not receive more than five academic years of the scholarship. A scholarship may be renewed as long as the student continues to meet the conditions of eligibility in Subsection A of 5.7.34.8 NMAC and maintains satisfactory academic progress or until the student graduates from an eligible institution.

N.M. Admin. Code § 5.7.34.9

Adopted by New Mexico Register, Volume XXX, Issue 14, July 30, 2019, eff. 7/30/2019