Section R765-611-10 - Determination of Awards to Eligible Students(1) Each eligible institution shall establish student cost of attendance budgets, in accordance with federal regulations applicable to student aid programs under Title IV of the Higher Education Act as amended, for specific student categories authorized in the federal regulations, and providing for the total of costs payable to the institution plus other direct educational expenses, transportation and living expenses.(2) An eligible institution may not award VeT Gap funds to an eligible student in excess of the total amount of the student's tuition, fees, books, education-related supplies, and a housing allowance at an eligible institution for that academic year.(3) Each eligible institution shall: (a) award and package VeT Gap funds on an annual award year basis unless the remaining period of enrollment until completion of the academic program is less than one award year;(b) pay Ve T Gap funds one quarter or semester at a time or in thirds, if applicable to some other enrollment basis such as total months or total clock hours, contingent upon the student's maintaining satisfactory progress as defined by the institution in published policies or rules; and(c) make each award under the program in accordance with the non-discrimination requirements of 34 C.F.R. Part 100.(5) An eligible institution may not initially award program funds in amounts which, with Federal Direct, Federal Direct PLUS or Perkins Loans or other financial aid from any source, both need and merit-based, and with family and individual contributions, exceed the cost of attendance for the student at the institution for the award year.(6) If, after the eligible student's financial aid has been packaged and awarded, the student later receives other financial assistance, such as, for example, merit or program-based scholarship aid or the student's cost of attendance budget changes, resulting in a later over-award of more than $500, the eligible institution shall appropriately reduce the amount of financial aid disbursed to the student so that the total does not exceed the cost of attendance.Utah Admin. Code R765-611-10
Adopted by Utah State Bulletin Number 2022-03, effective 1/20/2022Amended by Utah State Bulletin Number 2024-05, effective 2/14/2024