N.J. Admin. Code § 9A:11-2.6

Current through Register Vol. 56, No. 19, October 7, 2024

Section 9A:11-2.6 - Grant amounts

(a) Based on the fiscal year EOF Article III appropriation, the Board will annually develop the amount of the maximum semester and academic year Article III undergraduate grants award ranges, for full and part-time student grants, for each sector of higher education. The EOF Executive Director shall inform institutions of the amount of the maximum semester academic year grant each summer through a public notice published in the New Jersey Register and on the Office of the Secretary of Higher Education's website.

(b) The dollar amount of each Article III undergraduate EOF grant shall be based on three factors:

1. Full or approved part-time enrollment;

2. The financial need of the student as determined by a needs analysis; and

3. The type of institution the student attends.

(c) The institution's EOF and financial aid directors shall determine the exact amount of each student's grant. In determining need and awarding Article III grants, priority shall be given first to students who meet the educational criteria of 9A:11-2.2 and the income criteria of 9A:11-2.3(a), (d), and (e) followed by students admitted under 9A:11-2.3(g), (h), and (i).

(d) The institution's EOF and financial aid directors shall have the authority to adjust student grants within the minimum and maximum award ranges. An EOF undergraduate grant awardee shall receive not less than the minimum nor more than the maximum semester award, except that under no circumstances shall the grant when combined with other aid exceed the cost of attendance as determined by the institution.

(e) The minimum semester grant amount shall not be less than $ 100.00.

N.J. Admin. Code § 9A:11-2.6

Amended by 46 N.J.R. 2111(a), effective 10/20/2014.

Amended by 50 N.J.R. 562(a), effective 1/16/2018

Amended by 51 N.J.R. 365(a), effective 3/4/2019