(a) To qualify for a need-based scholarship, students shall first be eligible to receive one of the Hathaway Merit Scholarships and shall additionally be eligible for federal financial aid as determined by the eligible institution.
(b) The eligible institution shall determine unmet financial need annually for each student no later than the end of the sixth (6th) week of the semester in which the student first enrolls for the academic year.
(c) Unmet need is calculated in the following manner: This result is the annual unmet need.
(d) If a student's annual unmet need is less than or equal to $2,000.00, the student is not eligible for the Hathaway Need-Based Scholarship.
(e) If a student's annual unmet need is greater than $2,000.00, the student shall receive an award pursuant to W.S. 21-16-1306.
(f) The need-based Scholarship shall be recalculated annually. If the student meets financial requirements for the need-based Scholarship, it shall continue as long as the student remains eligible for a Hathaway Merit Scholarship.
206-38 Wyo. Code R. § 38-15
Amended, Eff. 8/19/2015.
Amended, Eff. 9/10/2018.