S.D. Admin. R. 24:40:02:10

Current through Register Vol. 51, page 67, December 16, 2024

Section 24:40:02:10 - Definitions

Definitions of terms contained in SDCL 13-55A-2 apply to this chapter. The following definitions also apply to this chapter:

(1) "Allowable unmet need," the remaining financial need of a student as determined by § 24:40:02:20;

(2) "Cost of attendance," the cost of attending a particular educational institution reported on the form required by subdivision 24:40:02:13(1);

(3) "Direct matched funds," the qualifying matching aid appropriated by the Legislature for the SIG and an equal amount of federal SIG funds;

(4) "Entrant institution," an eligible institution which has not maintained an agreement with the United States secretary of education for the conduct of any of the student financial assistance programs established under Title IV of the Higher Education Act of 1965, as amended on January 7, 1985, for a period of time long enough to satisfy the requirements of §§ 24:40:02:17 and 24:40:02:18;

(5) "Gift aid," financial aid for students attending an eligible institution not requiring repayment or performance of any specific task beyond meeting academic requirements for subsequent awards;

(6) "Indirect match funds," the amount of available SIG federal dollars which may be matched by an eligible institution's qualifying matching aid;

(7) "Pell grant," a federal basic educational opportunity grant program;

(8) "Qualifying matching aid," nonfederal gift aid funds generated and controlled by the state of South Dakota or by any participating eligible institution which is used as match money only for federal SIG dollars;

(9) "School term," any period of instruction in a postsecondary institution for which enrollment for a minimum number of courses is required of a full-time student and for which credit is given; and

(10) "SIG," South Dakota state student incentive grant program.

S.D. Admin. R. 24:40:02:10

8 SDR 14, effective 8/18/1981; 11 SDR 96, 11 SDR 112, effective 7/1/1985; 12 SDR 44, effective 9/24/1985.

General Authority: SDCL 13-55A-11.

Law Implemented: SDCL 13-55A-11.