S.C. Code § 59-142-40

Current through 2024 Act No. 225.
Section 59-142-40 - Funds allocation methodology

Funds must be allocated in a given year to institutions using a methodology that considers state resident Pell Grant recipients so that each public institution shall receive an amount sufficient to provide a similar level of support per state resident Pell recipient when compared to tuition and required fees. However, no institution shall receive a smaller proportion of funding than would be provided under the student enrollment methodology used in years prior to fiscal year 2008-2009. Funds must be awarded to eligible students according to the financial need of the student.

S.C. Code § 59-142-40

Amended by 2011 S.C. Acts, Act No. 74 (SB 172), s 17, eff. 8/1/2011.
1996 Act No. 458, Part II, Section 20A.