N.M. Admin. Code § 5.7.11.8

Current through Register Vol. 35, No. 23, December 10, 2024

Section 5.7.11.8 - STUDENT ELIGIBILITY

To be eligible for a grant, a student shall:

A. be a resident of New Mexico as defined in 5.7.18.9 NMAC or be eligible for a waiver as defined in 5.7.18.10 NMAC, provided all other eligibility requirements are fulfilled;

B. be enrolled at the time the grant is awarded and disbursed, for at least six semester credit hours in a program leading to a degree, at an eligible institution;

C. offer proof of substantial financial need;

D. be in satisfactory academic standing, as defined by the institution, or be making his first application to the institution;

E. not owe a refund on a grant received for attendance at any institution under the federal Pell grant, federal supplemental educational opportunity grant, New Mexico student incentive grant program or student choice grant program;

F. not be in default on a loan made by the institution under the Perkins loan program unless the student has made arrangements satisfactory to the institution to repay the loan;

G. not be in default on a loan insured under the Stafford loan or the parent loans for undergraduate students (PLUS) program unless the secretary of education or a guarantee agency determines that the student has made satisfactory arrangements to repay the loan;

H. complete an application for financial assistance supplied by the institution the student wishes to attend.

N.M. Admin. Code § 5.7.11.8

7/15/98; 5.7.11.8 NMAC - Rn & A, 5 NMAC 7.11.8, 8/30/2007