Ohio Administrative Code
Title 4701 - Accountancy Board
Chapter 4701-17 - Scholarships
Section 4701-17-04 - Scholarship procedure; fund balance
Universal Citation: OH Admin Code 4701-17-04
Current through all regulations passed and filed through September 16, 2024
(A) The following general procedures apply to scholarships:
(1) Scholarships are awarded to
students meeting the requirements set by rule
4701-17-02 of the Administrative
Code.
(2) The amount of a
scholarship shall not exceed the annualized maximum in-state graduate tuition
charged by a state-supported Ohio college or university.
(B) Payments are to be disbursed to the Ohio college or university on behalf of the student upon receipt of the following:
(1) An official invoice to the applicant from
the Ohio college or university showing charges to be paid for the applicable
term.
(2) A schedule of courses
that certifies enrollment for a specific educational term.
(3) An affidavit submitted by the student,
certifying the student will sit for the CPA examination within two years of the
date the student meets educational requirements to sit for the CPA
examination.
(C) The following procedures apply to students receiving scholarships:
(1) Scholarship awards cannot be used for
coursework in excess of that required by division (A)(4)(a) of section
4701.06 of the Revised Code and
rule 4701-3-03 of the Administrative
Code.
(2) Scholarship awards shall
not exceed the maximum amount payable as determined by the board, or the
student's actual tuition less any other financial aid, whichever is
less.
(3) Scholarship awards may be
paid out as long as a student has not met the requirements for
certification as set by division (A)(4)(a) of section
4701.06 of the Revised Code or
payment has not exceeded the maximum amount payable per paragraph (C)(2) of
this rule.
(4) Scholarship awards
are valid for one year. If a grant recipient fails to use the scholarship money
awarded during the one year period, the scholarship will expire.
(D) The board may use enforcement or collections action to recover scholarship payments awarded to recipients who fail to sit for the CPA examination as set forth in paragraph (B)(3) of this rule.
Disclaimer: These regulations may not be the most recent version. Ohio 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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