New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 11 - STUDENT CHOICE PROGRAM
Section 5.7.11.9 - INSTITUTIONAL REQUIREMENTS
Current through Register Vol. 35, No. 18, September 24, 2024
For its students to participate in the student choice grant program, an institution shall:
A. grant to the department or its agent authority to inspect any of the academic or financial records of the student in the possession or under the control of the institution, which records are necessary to the proper administration of the provisions of the act and the regulations promulgated thereunder;
B. determine each applicant's financial need;
C. recommend the amount of grant for the student in accordance with the established procedures of the department and the institution;
D. disburse the grant to the student in accordance with the established procedures of the department and the institution;
E. audit the program annually and report the findings to the department or its agent;
F. adjust the cost of attendance, expected family contribution or other factors to make the program responsive to a student's special financial circumstances, within the parameters authorized for this program when a financial aid officer may exercise professional judgment in accordance with the institution's and applicable federal financial aid standards to determine that circumstances, for which documentation exists in the student's file, warrant an adjustment.
