Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 613 - THE QUALITY CHILD CARE EDUCATION SCHOLARSHIP PROGRAM
Section 457-613-6 - Determination of Scholarship
Current through 2024-13, March 27, 2024
Scholarships to eligible students shall be determined as follows:
A. Eligible students shall be awarded scholarships for eligible programs of study at eligible institutions by the institutions according to the procedures of the institutions, except that the Authority shall award scholarships for eligible programs of study at eligible institutions to non-degree students and students seeking subsequent scholarships at out of State institutions who received scholarships in the 2007-2008 academic year. Scholarships awarded by the Authority will be on a first come, first served basis.
B. Scholarships awarded under this chapter may not exceed $500 per course within an eligible program of study, for a maximum of two (2) courses per semester and up to a maximum of $2,000 per student per year.
C. If a recipient of a scholarship withdraws from an institution and the student is entitled to a refund of tuition, fees or other charges, the institution shall make a repayment of the recipient's award directly to the Authority in accordance with the institution's published refund policy. If, however, the institution notifies the Authority of another eligible student at the time of notice of repayment, the Authority may allow the institution to award the refund to such student and the institution will be required to provide documentation thereof to the Authority.
D. Refunds received by the Authority during the academic year will be added to the funds reserved by the Authority pursuant to Section 8 and redistributed accordingly.
