8 Va. Admin. Code § 40-150-70

Current through Register Vol. 41, No. 4, October 8, 2024

Section 8VAC40-150-70 - Renewability of awards

Awards may be renewed for a maximum of two award years. Students shall be limited to a total period of no more than three award years. Awards may be renewed provided that the student continues to be enrolled full-time in an approved course of study, maintains domicile in Virginia per § 23.1-502 of the Code of Virginia, and annually:

1. Applies for financial aid by completing the FAFSA by the institution's published deadline;

2. Demonstrates continued financial need;

3. Maintains a grade point average of at least 3.0 on a 4.0 scale; and

4. Maintains satisfactory academic progress.

Students transferring from one participating institution to another shall be considered renewal students if they received an award during the prior year provided they met renewal criteria.

Students who do not initially receive an award may be considered for renewal awards provided that they meet initial eligibility criteria and continue to meet renewal criteria.

Once a student loses his classification as CTG-eligible, the student cannot reestablish such eligibility.

8 Va. Admin. Code § 40-150-70

Derived from Virginia Register Volume 25, Issue 25, eff. July 31, 2009; Amended, Virginia Register Volume 33, Issue 13, eff. 2/20/2017.

Statutory Authority: § 23.1-623 of the Code of Virginia.