Modification of Student Financial Assistance Programs

Modification of Student Financial Assistance Programs. I. The Office of Student Financial Aid will continuously monitor the state-supported student financial aid programs for accessibility, necessity, affordability, and efficiency and will consider potential program modifications as needed. II. The Office will consider potential program modifications that are expressed in writing from Legislators, higher education institutions, workforce or industry representatives, and other government agencies. III. If there is identified a need to modify a program, the Office will follow the following process: A. The Office documents the need for the change by collecting data related to the number of students that will be affected by the change, the projected cost of the change, and the rationale for the change; B. Once the need for modification of a program is documented, the Office drafts proposed changes to the program Rules and Regulations and Contract (when appropriate); C. The modified Rules and Regulations and Contract (when appropriate) are submitted to the Office of the Attorney General for review and approval; D. The modified Rules and Regulations and Contract (when appropriate) are then submitted to the appropriate Board(s) for consideration; E. Once Board approval is obtained, the Office publishes the Rules and Regulations and other public information about the program and makes the program available for application through the state online application portal.