Enrollment verification and payment

1. Funds will be disbursed to the enrolling institution for eligible students upon verification of eligibility each academic term. 2. Payment may be made to students enrolled full time or to part-time enrolled students on a prorated basis. 3. Full-time enrollment is defined as twelve semester hours for undergraduate students and nine semester hours for graduate students or an equivalent number of quarter or clock hours. No awards will be provided for enrollment in fewer than three credits or the equivalent for quarter or clock hours. 4. Scholarship funds may be used for tuition, fees, housing and food, books, supplies, course materials and equipment, and other educational-related expenses. Scholarship funds must not exceed the total cost of attendance when all other aid sources are taken into consideration. 5. An enrolling institution shall disburse funds to the student's account in a timely manner. Excess funds must be issued to the student after the enrolling institution has deducted the amount due to the institution. 6. Credits used to determine a student's eligibility may include credits from another institution (host institution), provided a collaborative or consortium agreement, or similar agreement, is in place with the degree or certificate-granting institution (home institution). The agreement must provide for a full transfer of the credits back to the home institution upon completion of class at the host institution. 7. A student in a study abroad class must be enrolled in credits at the home institution or have an agreement in place for the credits to be counted toward eligibility at the home institution.