Current through Register Vol. XLI, No. 50, December 13, 2024
5.1. The maximum amount of a West Virginia Invests Grant Program at a West Virginia public community and technical college shall be the cost of tuition and mandatory fees charged to all students and academic fees approved by the Council for an associate or certificate program less all other federal and state scholarships and grants and institutional tuition waivers for which the student is eligible. 5.1.1 Academic fees include fees charged to students for specific courses or programs to support such expenses as, but not limited to, lab, equipment costs, and assessments. Academic fees do not include textbooks, post-graduation expenses, or anything the student would keep or use after the course ends, for example tools, uniforms, or equipment. 5.1.2. A West Virginia public baccalaureate institution shall not charge students who are enrolled in an eligible program more than the average cost of tuition and mandatory fees at West Virginia public community and technical colleges. 5.1.2.a. The maximum amount of a West Virginia Invests Grant at a West Virginia public baccalaureate institution shall be the average cost of tuition and mandatory fees at West Virginia public community and technical colleges less all other federal and state scholarships and grants and institutional tuition waivers for which the student is eligible.5.1.3. Students are required to apply for and utilize all federal and state scholarships and grants for which they may be eligible before the West Virginia Invests Grant Program award amount is determined.5.1.4. Federal and state scholarships and grants include the Pell Grant, the Supplemental Educational Opportunity (SEOG) Grant, the PROMISE Scholarship, the West Virginia Higher Education Grant, and the Higher Education Adult Part-Time Student (HEAPS) Grant.5.1.5. If scholarships and grants exceed tuition, mandatory fees, and academic program fees approved by the Council in any given term, then the student shall not be eligible for a West Virginia Invests Grant Program award in that term.5.1.6. West Virginia Invests Grant Program funds can only be used toward courses that apply to an eligible post-secondary program.5.2. No West Virginia Invests Grant Program funds will be disbursed until a signed agreement has been received from the applicant.5.3. The Council shall establish criteria to be used in award selection each year based on the amount of funding expected to be available to use for awards. In determining to whom to award, the Council may consider applicants' relative levels of financial need, application filing dates, academic program, and/or state policy priorities.5.4. If a West Virginia Invests Grant Program recipient transfers from one participating institution to another participating institution, the grant is transferable with the approval of the Vice Chancellor for Administration or his or her designee.5.5. Awards may be made for summer terms. Any summer award under this provision is dependent upon the availability of funds as determined by the Council.