Or. Admin. Code § 575-039-0060

Current through Register Vol. 63, No. 11, November 1, 2024

Section 575-039-0060 - Oregon Promise Grant Amount

(1) The total amount of an Oregon Promise Grant award will be based on the number of credit hours in approved courses that the student attempts each term. For each academic term, the student's grant award will be reduced by the amount received in state and federal grants.

(2) The maximum grant award available to an eligible a student for a full academic year will be an amount that equals:

(a) No less than $2,000 or the actual cost of tuition, whichever is less; and

(b) No more than the average cost of tuition at a community college in this state, as determined by the office, or the actual cost of tuition, whichever is less.

(3) Beginning with awards issued for the 2023-2024 academic year, the minimum award amount will be adjusted each academic year for inflation based on the increase of the average cost of tuition at an Oregon community college.

(4) Grant award amounts will be prorated for a student who is enrolled in approved courses for a sufficient number of credit hours to be considered enrolled at least a half-time but less than full time.

(5) Cost calculations each academic term shall include only the amount of tuition charged to the student for credits attempted. Fees will not be included.

Or. Admin. Code § 575-039-0060

OSAC 2-2016, f. & cert. ef. 4/21/2016; OSAC 7-2019, amend filed 12/17/2019, effective 12/17/2019; OSAC 3-2020, amend filed 12/16/2020, effective 12/16/2020; OSAC 4-2022, amend filed 10/19/2022, effective 10/19/2022

Statutory/Other Authority: ORS 341.522

Statutes/Other Implemented: ORS 341.522