New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter XX - Higher Education Services Corporation
Subchapter C - General Awards, Academic Performance Awards, Fellowships and Other Awards
Part 2206 - Payment Of Awards
Section 2206.2 - Payment terms
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 2206.2
Current through Register Vol. 46, No. 39, September 25, 2024
(a) The annual award for which a student is eligible will be paid, where applicable, on a prorated basis for each semester, quarter, uniterm or other term of attendance, as designated by the corporation.
(b)
(1) For
an approved two-year program of study conducted on a clock hour basis at a
registered private business school, the annual award shall be paid in
installments by payment term.
(2)
For programs which are divided by the school into terms of 10, 11, 12, 13 or 14
weeks, this period shall be the payment term and shall be designated as a
quarter, and there shall be a maximum of four quarters in each academic year.
For such programs, one fourth of the annual award shall be paid for each
quarter of attendance. Provided however, that in the event the commissioner
determines that a student is enrolled in accelerated study pursuant to
Education Law, section 665(2), one third of the annual award shall be paid for
each quarter of attendance.
(3) For
programs which are divided by the school into terms of 15, 16, 17 or 18 weeks,
this period shall be the payment term and shall be designated as a semester,
and there shall be a maximum of three semesters in each academic year. For such
programs, one third of the annual award shall be paid for each semester of
attendance; provided, however, that in the event the commissioner determines
that a student is enrolled in accelerated study pursuant to Education Law,
section 665(2), one half of the annual award shall be paid for each semester of
attendance.
(4) Programs which are
not organized as described in either paragraph (2) or paragraph (3) of this
subdivision, shall be paid on a semester basis as described in paragraph (3) of
this subdivision. The length of such semester shall be determined by dividing
the total number of weeks in the program by four. If the total number of weeks
in program is not evenly divisible by four, one week shall be added in turn to
each of the four semesters beginning with the first semester of instruction,
until all the remaining weeks have been made part of a semester.
Disclaimer: These regulations may not be the most recent version. New York 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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