Alabama Administrative Code
Title 300 - ALABAMA COMMISSION ON HIGHER EDUCATION
Chapter 300-4-9 - APPALACHIAN YOUTH SCHOLARSHIP PROGRAM REGULATIONS
Section 300-4-9-.05 - Refunds And Repayment Requirements
Universal Citation: AL Admin Code R 300-4-9-.05
Current through Register Vol. 42, No. 11, August 30, 2024
(1) Repayment of institutional refunds to the Appalachian Youth Scholarship Program.
(a) An
institution shall return a portion of a refund owed to a student to the
Appalachian Youth Scholarship Program if
1.
The student officially withdraws, drops out, or is expelled from the
institution on or after his or her first day of class of a payment period;
and
2. The student received
assistance under the Appalachian Youth Scholarship Program.
(b) For purposes of this section,
an instituitonal refund means the amount paid for institutional charges for a
payment period by financial aid and/or cash payments minus the amount retained
by the institution for the portion of the payment period that the student was
actually enrolled at the institution. The amount retained by the institution
for the student's actual period of enrollment is calculated according to the
institution's refund policy.
(c)
The portion of the refund that the institution shall return to the Appalachian
Youth Scholarship Program is the lesser of
1.
The amount of assistance received under the Appalachian Youth Scholarship
Program for the payment period; or
2. The amount obtained by multiplying the
institutional refund by the following fraction:
Total amount of Appalachian Youth Scholarship Program assistance awarded for the payment period/Total amount of assistance (exclusive of all work earnings) awarded for the payment period.
(2) Repayment to the Appalachian Youth Scholarship Program of disbursements made to the student for noninstitutional costs.
(a) If a student
officially withdraws, drops out, or is expelled on or after his or her first
day of class of a payment period, the institution shall determine what portion,
if any, of the Appalachian Youth Scholarship Program assistance received for
that payment period by the student for noninstitutional costs is an overpayment
that must be repaid by the student. The institution shall make every reasonable
effort to contact the student and recover the overpayment in accordance with
program regulations.
(b) To
determine if any of the Appalachian Youth Scholarship Program assistance
received by the student for noninstitutional costs incurred by the student for
that portion of the payment period during which the student was enrolled from
the amount of assistance disbursed to the student. Noninstitutional costs may
include, but are not limited to, room and board for which the student does not
contract with the institution, books supplies, transportation, and
miscellaneous expenses.
(c) The
portion of the overpayment as determined according to paragraph (2)(b) of this
section that the institution shall return to the Appalachian Youth Scholarship
Program is the lesser of
1. The amount of
assistance received under the Appalachian Youth Scholarship Program for the
payment period; or
2. The amount
obtained by multiplying the overpayment by the following fraction:
Total amount of the Appalachian Youth Scholarship Program assistance awarded for the payment period/Total amount of assistance (exclusive of all work earnings and GSL, PLUS, and SLS loans) awarded for the payment period.
3. Drop Out Date.
For purposes of this section, a student is considered to have dropped out on
the last recorded date of class attendance by the student as documented by the
institution.
Author:
Statutory Authority: Alabama Act 300-4-9.
Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
