New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 37 - NEW MEXICO OPPORTUNITY SCHOLARSHIP PROGRAM
Section 5.7.37.11 - DURATION OF SCHOLARSHIP
Current through Register Vol. 35, No. 18, September 24, 2024
A. Upon qualification, the student's initial scholarship shall begin with enrollment at a public post-secondary educational institution or tribal college. Thereafter, each scholarship is for a period of one semester subject to revocation for failure to maintain eligibility. The scholarship may be renewed on a per semester basis.
B. Scholarships may be provided to a qualified student seeking one or more credit-bearing workforce certificates. A scholarship for a credit-bearing workforce certificate may only be awarded where data indicates that the certificate is in high demand by New Mexico employers as determined by the department in consultation with the New Mexico workforce solutions department.
C. A scholarship may be awarded for one or more workforce certificates, only one associate degree and only one bachelor's degree per student.
D. Scholarships may continue for a qualified student for up to 90 attempted credit hours for the completion of one associate degree.
E. Scholarships may continue for a qualified student for up to 160 attempted credit hours for the completion of one bachelor's degree.
F. In no case shall the scholarship fund more than 160 attempted credit hours; provided that dual credit courses that a qualified student previously completed shall not count toward the credit-hour cap.
G. The student's institutional lead financial aid officer may approve a leave of absence for a period of up to one year if in the lead financial aid officer's professional judgment the student has provided sufficient documentation to justify the leave of absence. Subsequent requests for an additional leave of absence by a student may be considered by the institution's lead financial aid officer in increments not to exceed one year.
H. The lead financial aid officer shall, in turn, ensure that the student does not receive scholarship awards in excess of those prescribed in Subsections A through F of 5.7.37.11 NMAC and shall exclude the semesters of "non-enrollment" from the determination of eligible award semesters.
