8 Va. Admin. Code § 40-180-30

Current through Register Vol. 40, No. 22, June 17, 2024

Section 8VAC40-180-30 - Amount of awards and award restrictions

A. Community colleges must provide awards, when combined with other gift aid, sufficient to cover, at a minimum, tuition and mandatory fees.

B. Richard Bland College and baccalaureate public institutions of higher education may provide awards, when combined with other gift aid, sufficient to cover at a minimum tuition and mandatory fees.

C. Awards are subject to the following restrictions:

1. The award when combined with other gift aid may not exceed the student's cost of attendance.

2. The award when combined with other tuition-only awards may not exceed the student's tuition and mandatory fees. For the purposes of this chapter, "tuition-only awards" means any grants, scholarships, tuition waivers, or any other form of aid that does not need to be repaid that are designated by the source of the aid to be applied only to tuition and mandatory fees.

3. If an award recipient's enrollment is below half time as of the institution's census date, eligibility for the grant is lost and must be refunded to the institution.

D. A student who receives an award and who during a term withdraws from the institution that made the award must surrender the balance of the award. In determining the earned portion of the award that the student may retain, the institution shall apply the percentage of earned aid resulting from the federal return to Title IV formula to the student's award amount.

E. A student who has a change in enrollment, such as adding or dropping one or more courses, must have his award reevaluated by the institution to ensure that the award conforms with the restrictions under subsection C of this section.

8 Va. Admin. Code § 40-180-30

Derived From Virginia Register Volume 36, Issue 04, eff. 10/1/2019.

Statutory Authority: § 23.1-601 of the Code of Virginia.