Current through Register Vol. 46, No. 39, September 25, 2024
(a) Definitions. As
used in section
669-g of the
Education Law and this section, the following terms shall have the following
meanings:
(1) "Good academic standing" shall
have the same meaning as set forth in section
665
(6) of the education law.
(2) "Grade point average" shall mean the
student's numeric grade calculated on the standard 4.0 scale.
(3) "Program" shall mean The New York State
Achievement and Investment in Merit Scholarship codified in section
669-g of the
education law.
(4) "Unmet need" for
the purpose of determining priority shall mean the cost of attendance, as
determined for federal Title IV student financial aid purposes, less all
federal, State, and institutional higher education aid and the expected family
contribution based on the federal formula.
(b) Eligibility. An applicant must:
(1) have graduated from a New York State high
school in the 2014-15 academic year or thereafter; and
(2) enroll in an approved undergraduate
program of study in a public or private not-for-profit degree granting
post-secondary institution located in New York State beginning in the two
thousand fifteen-sixteen academic year or thereafter; and
(3) have achieved at least two of the
following during high school:
(i) Graduated
with a grade point average of 3.3 or above;
(ii) Graduated with a "with honors"
distinction on a New York State regents diploma or receive a score of 3 or
higher on two or more advanced placement examinations; or
(iii) Graduated within the top fifteen
percent of their high school class, provided that actual class rank may be
taken into consideration; and
(4) satisfy all other requirements pursuant
to section
669-g of the
education law; and
(5) satisfy all
general eligibility requirements provided in section
661 of the
education law including, but not limited to, full-time attendance, good
academic standing, residency and citizenship.
(c) Distribution and priorities. In each
year, new awards made shall be proportionate to the total new applications
received from eligible students enrolled in undergraduate study at public and
private not-for-profit degree granting institutions. Distribution of awards
shall be made in accordance with the provisions contained in section
669-g
(3)(a) of the education law within each
sector. In the event that there are more applicants who have the same priority
than there are remaining scholarships or available funding, awards shall be
made in descending order based on unmet need established at the time of
application. In the event of a tie, distribution shall be made by means of a
lottery or other form of random selection.
(d) Administration.
(1) Applicants for an award shall apply for
program eligibility at such times, on forms and in a manner prescribed by the
corporation. The corporation may require applicants to provide additional
documentation evidencing eligibility.
(2) Recipients of an award shall:
(i) request payment annually at such times,
on forms and in a manner specified by the corporation;
(ii) receive such awards for not more than
four academic years of undergraduate study, or five academic years if the
program of study normally requires five years as defined by the commissioner
pursuant to Article 13 of the education law; and
(iii) provide any information necessary for
the corporation to determine compliance with the program's
requirements.
(e) Awards.
(1) The amount of the award shall be
determined in accordance with section
669-g of the
education law.
(2) Disbursements
shall be made annually to institutions on behalf of recipients.
(3) Awards may be used to offset the
recipient's total cost of attendance determined for federal Title IV student
financial aid purposes or may be used in addition to such cost of
attendance.
