Current through Register Vol. 46, No. 39, September 25, 2024
Information shall be provided on financial assistance
available to students, costs of attending the institution, the refund policy of
the institution, and the instructional programs and other related aspects of
the institution, as provided in this section.
(a) Information on financial assistance
available to students shall be provided for each of the aid categories listed
in this subdivision. The information printed for each program of financial
assistance available to students at that institution, and for which student
application is required, shall include: application procedures, including a
description of forms and their preparation, method of selection of recipients
and allocation of awards, award schedule, and rights and responsibilities of
recipients. Standard current descriptions of State and Federal financial
assistance programs will be provided by the corporation to the institutions
subject to the provisions of this Chapter. Where summary information is
provided, an institutional office where detailed information can be obtained
shall be identified.
(1) State program.
Information shall be provided for the Tuition Assistance Program (TAP) for
which students at the institution may be eligible.
(2) Federal programs. Information shall be
provided for those Federal programs for which students at the institution may
be eligible. Any other Federal program which accounts for 10 percent or more of
the total Federal student aid administered by the institution shall also be
described in similar detail and terminology.
(3) Local institutional programs. Information
shall be provided on grants, scholarships, waivers, deferrals, loans, including
small emergency loans, and work-study arrangements which are administered by
the institution. Financial aid programs involving awards of $300 or more per
year shall be individually listed, including restrictions if any. The number
and average value or programs with awards of less than $300 per year shall be
provided, along with the name, address and telephone number of an institutional
office from which more detailed information can be obtained.
(b) Costs of attending the
institution for each of the cost categories listed below shall be provided.
Estimates, so indicated, may be used where exact figures are unavailable or
inappropriate. Where summary information is provided, an institutional office
where detailed information can be obtained shall be identified.
(1) Tuition and fees. Information shall be
provided on all assessments against students for direct educational and general
purposes. A brief description of purpose of any mandatory fee shall be included
if the purpose of such fee is not apparent from its name. Course fees and lab
fees shall be clearly identified. Conditions under which nonmandatory fees need
not be paid shall be clearly stated.
(2) Books and supplies. Estimated costs of
textbooks, books, manuals, consumable supplies and equipment, which a student
should possess as a necessary corollary to instruction, shall be provided.
Separate estimates shall be provided for major program categories for which
such costs vary more than 25 percent from the average for the entire
institution.
(3) Room and board.
Costs of housing and food services operated by the institution shall be
provided where such services are available. Estimated costs of similar
accommodations available in the community shall also be provided. These figures
shall be consistent with estimated student budgets prepared by the
institution's financial aid office.
(4) Other living expenses. Estimated cost of
personal expenses applicable to students devoting primary efforts to pursuit of
educational objectives shall be provided. This estimate shall be consistent
with similar figures defined by the institution's financial aid
office.
(c) The
institution shall state its policy concerning refunds due to failure of
students to complete an academic term for any reason. The policy shall include
the percentage or amount of tuition, fees, institution-operated room and board,
and other assessments to be refunded after specified elapsed periods of
time.
(d) The instructional
programs of the institution shall be accurately described.
(1) A list of degree and diploma programs
shall be provided. The list shall be consistent with the inventory of
registered degree programs maintained by the corporation. The list shall
contain at least the official approved program title and degree, and shall be
preceded by a statement that enrollment in other than registered or otherwise
approved programs may jeopardize a student's eligibility for certain student
aid awards.
(2) Program
descriptions. Each degree or diploma program shall be described in terms of
both prerequisites and requirements for completion.
(3) The academic year in which each
instructional offering (course) is expected to be taught shall be
indicated.
(4) Program-related
facilities. A general description of instructional, laboratory and other
facilities directly related to the academic program shall be provided, in
addition to general information describing the total physical plant. Narrative
and/or statistical information shall be provided about library collections and
facilities, student unions, and institution-operated eating places. Hours of
operation, including holiday and vacation schedules, shall be
provided.
(5) Faculty and other
instructional personnel. Regular resident faculty shall be listed by rank or
seniority, with the highest degree or academic credential held by the faculty
member and the institution by which such degree or academic credential was
granted, and department or major program area to which such member is assigned.
An estimated number of adjunct faculty and teaching assistants in each
department or major program area shall be provided.
(6) Student retention. Information on student
retention and graduation rates shall be provided based on a summary of the most
recent cohort survival statistics (e.g., percentages of those students enrolled
at the end of the spring term, percentages of freshman classes that graduate in
four, five and six years) available to the institution for at least full-time
undergraduates.
(7) Placement of
graduates. Summaries of job placement and graduate school placement statistics
compiled by the institution, including its placement center, shall be provided
where available.
