New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 37 - NEW MEXICO OPPORTUNITY SCHOLARSHIP PROGRAM
Section 5.7.37.13 - ADMINISTRATION OF THE OPPORTUNITY SCHOLARSHIP
Universal Citation: 5 NM Admin Code 5.7.37.13
Current through Register Vol. 35, No. 18, September 24, 2024
A. Eligible public post-secondary educational institutions and tribal colleges shall:
(1)
notify students of their possible eligibility, during their first regular
semester of enrollment including transfer students who had the opportunity
scholarship at previous institutions;
(2) designate their institution's lead
financial aid officer to be responsible for determining initial and continuing
student eligibility for the opportunity scholarship under the terms of these
rules and regulations;
(3) maintain
a listing of each participating student to include, but not be limited to:
(a) social security number as
appropriate;
(b) cumulative grade
point average and completed enrollment hours in prior semesters;
(c) proof of initial and continuing
enrollment;
(d) award semester;
and
(e) other data fields deemed
important by the department;
(4) draw-down files should be submitted to
the department for qualified students as each semester; all fiscal year
draw-downs shall be for qualified students enrolled during the same fiscal
year;
(5) for students that
satisfied the first semester eligibility requirements and seek continuing
eligibility consideration, use professional judgment to determine that
exceptional mitigating circumstances beyond the students control, for which
documentation exists in the student's file; the institutions shall defer to
their institutional satisfactory academic progress policy when considering
circumstances which include, but are not limited to, consideration for falling
below the cumulative grade point average requirement or successfully
maintaining enrollment as defined in Paragraphs (2) through (3) of Subsection A
of 5.7.37.8 NMAC;
(6) provide to the department by April 15
each year the projected enrollment and tuition rates for the following academic
year for their institution;
(7)
publish the probation policy as defined in
5.7.37.9 NMAC;
(8) encourage consortium agreements, as
defined in the code of federal regulations, 34 CFR 6685, in order to facilitate
the enrollment of students and to facilitate the student's participation in
this program; and
(9) each
semester, ensure that all available merit-based aid packages, three percent
scholarships, institutional award packages, and state aid other than the New
Mexico opportunity scholarship and New Mexico legislative lottery scholarships
are awarded first before granting the New Mexico opportunity scholarship for
tuition and fee costs.
B. The department shall:
(1) Enter into a memorandum of understanding
on or before June 1st with each eligible institution describing:
(a) the maximum amount of tuition and fees
per student that may be paid by the opportunity scholarship fund each fiscal
year;
(b) the total amount
available to the eligible institution for opportunity scholarships each fiscal
year;
(c) the reimbursement of any
reimbursable costs that exceed tuition and fees; and
(d) eligible workforce certificate
programs.
(2) make
available to the legislative finance committee and department of finance and
administration, by November 1, the following information:
(a) the status of the fund;
(b) scholarship program participation data
aggregated for each public post-secondary education institution and tribal
college to show:
(i) the number of qualified
students who received opportunity scholarships and in the prior 12-month
period;
(ii) the total number of
qualified students enrolled in the prior 12-month period;
(iii) the amount of tuition scholarships
funded by semester and the amount of tuition costs that were not offset by the
tuition scholarship by semester; and
(iv) the number of qualified students who
graduated with a degree and, for each qualified student, the number of
consecutive semesters and nonconsecutive semesters attended prior to
graduation.
Disclaimer: These regulations may not be the most recent version. New Mexico 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.
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