New Hampshire Code of Administrative Rules
Pos - Postsecondary Education Commission
Chapter Pos 700 - WORKFORCE INCENTIVE PROGRAM - FORGIVABLE LOAN
Part Pos 702 - AWARD PROCEDURES
Section Pos 702.02 - Award Amounts and Frequency
Universal Citation: NH Admin Rules Pos 702.02
Current through Register No. 40, October 3, 2024
(a) Individual awards by participating institutions shall be based on financial need in accordance with the following:
(1)
The institution shall determine financial need through use of the
method for determining eligibility in campus-based federal Title IV
financial aid programs;
(2) The amount of the award, in
addition to the expected family contribution and Title IV aid, shall
not exceed the cost of attendance;
(3) Individual awards, both from
funds of the State of New Hampshire and from the participating
institution, shall not diminish the amount of grant aid to which
eligible students are otherwise entitled; and
(4) Participating institutions
shall be responsible for ensuring that awards are only made to
students who are eligible to receive financial aid and are enrolled
in a program leading to certification or licensure in a designated
workforce shortage area.
(b) A student shall be eligible to receive awards for a number of full-time equivalent semesters as specified below:
(1) For certificate
programs, 2 semesters;
(2) For associate degree programs,
4 semesters;
(3) For
baccalaureate programs, 8 semesters; and
(4) For graduate programs, 4
semesters.
#8042, eff 2-18-04; ss by #8586, eff 3-17-06
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