Section 22.555 - Scholarship Amount(a) The scholarship is issued by the Coordinating Board as a state credit for use by an eligible student at any eligible institution. (1) For a student who graduated from high school two or more semesters or the equivalent earlier than the student's high school cohort, the state credit offered to the student will equal the maximum annual (two semester) TEXAS Grant award determined by the Coordinating Board. The calculation is based on TEXAS Grant value for the first academic year that begins following the student's graduation from high school.(2) For a student who graduated from high school less than two semesters or the equivalent earlier than the student's high school cohort, the state credit offered to the student will equal half of the amount described by paragraph (1) of this subsection.(b) The amount of state credit offered to a student under the program may not be considered in the calculation of any state or institutional need-based aid awards or the calculation of the student's overall financial need, unless the combination of the credit and other federal, state, and institutional financial aid, excluding work-study and loan programs, for which the student would otherwise be eligible exceeds the estimated total cost of attendance at the eligible institution at which the student is enrolled.(c) On enrollment of an eligible student at an eligible institution, the institution shall apply the state credit to the student's charges for tuition, mandatory fees, and other costs of attendance. (1) The amount applied for the semester is equal to the lesser of: (A) The amount of the state credit available to the student; or(B) The student's actual tuition, mandatory fees, and other costs of attendance at the institution.(2) Remaining state credit may be applied to subsequent semesters prior to the end of the first academic year that begins following the student's graduation from high school.19 Tex. Admin. Code § 22.555
Adopted by Texas Register, Volume 47, Number 32, August 12, 2022, TexReg 4851, eff. 8/21/2022; Amended by Texas Register, Volume 49, Number 06, February 9, 2024, TexReg 0691, eff. 2/15/2024