N.H. Admin. Code § Csp 406.03
Participating postsecondary institutions shall be responsible for verifying, on an annual basis, that each of their scholarship recipients are meeting the academic standards required in Csp 406.01 and Csp 406.02 using the participating postsecondary institution's academic reports. If at the time of annual verification a scholarship recipient fails to meet the academic standards set forth in Csp 406.01, the recipient's scholarship amount shall be adjusted by the participating postsecondary institution to the amount with the same requirements listed in Csp 406.02. If at the time of annual verification a scholarship recipient fails to meet the academic standards set forth in Csp 406.02, then any remaining portion of that recipient's scholarship award shall be forfeited and if any funds for the benefit of that recipient were distributed to the participating postsecondary institution, funds shall be returned to the governor's scholarship fund. Verification of academic standards shall be completed by the participating postsecondary institution by June 1.
N.H. Admin. Code § Csp 406.03