Section Csp 601.02 - Definitions(a) "Academic year" means a period of time within the fiscal year starting July 1 and ending the following June 30th, during which a full-time undergraduate student is expected to complete at least 24 semester or trimester hours or 36 quarter hours in an educational program whose length is measured in credit hours.(b) "Academically qualified student" means an undergraduate student who meets satisfactory academic progress as determined by the institution.(c) "Allocation" means the annual allocation that is received by the participating institution under the New Hampshire UAAP.(d) "Allocation agreement" means an agreement signed by an eligible institution's authorizing official that has met the criteria as specified in Csp 601.04 and has been accepted by the commission.(e) "Authorized official" means the officer of the eligible institution designated by the institution's board of trustees who is authorized to enter into an allocation agreement with the commission within the state of New Hampshire.(f) "Award" means scholarships granted to eligible students as specified in Csp 602.(g) "Central processing system (CPS)" means the U.S. Department of Education's processing facility for Free Application for Federal Student Aid application data.(h) "Clock hour" means a period of instruction as defined in 34 CFR 600.(i) "Commission" means the New Hampshire college tuition savings plan advisory commission.(j) "Cost of attendance" means the cost of education as determined by the institution under the provisions of the Higher Education Act of 1965, as amended.(k) "Distribution formula" means the formula used to distribute funds to eligible institutions under this program as specified in Csp 602.01.(l) "Eligible institution" means an institution who meets the criteria specified in Csp 601.04.(m) "Eligible program" means a legally authorized undergraduate postsecondary program of organized instruction offered by an eligible institution which: (1) Is at least one academic year or its equivalent in length; and(2) Leads to one of the following: a. An academic or vocational degree; orb. Other educational credential recognized by the United States Secretary of Education.(n) "Eligible student" means a student qualified for an award under the New Hampshire UAAP.(o) "Expected family contribution (EFC)" means the amount, determined by a formula established in 34 CFR 668.52, that a student and his or her spouse and family are expected to contribute toward the student's cost of attendance.(p) "Financial need" means the difference between a student's cost of attendance and his or her EFC.(q) "Fiscal year" means the state of New Hampshire's fiscal year, July 1 through June 30.(r) "Full-time student" means an enrolled student as defined in 34 CFR 668.(s) "New Hampshire resident" means resident of the state as defined by RSA 21:6.(t) "Participating institution" means an eligible institution which has executed an allocation agreement with the commission.(u) "Part-time student" means a student enrolled in an eligible institution and carrying an academic workload that amounts to at least one-half the workload of a full-time student, as determined by the institution.(v) "Satisfactory academic progress" means the written standards of an eligible institution that a student is required to meet in order to be eligible to receive federal student aid.(w) "Undergraduate student" means a student at an institution of higher education as defined in 34 CFR 674.N.H. Admin. Code § Csp 601.02
#7339, eff 8-3-00; ss by #8622, eff 5-4-06; ss by #9220, eff 8-1-08
Amended by Volume XXXVI Number 23, Filed June 9, 2016, Proposed by #11098, Effective 5/17/2016, Expires 5/17/2026.