281 NAC 5-003. DEFINITIONS

003 DEFINITIONS 003.01. Commission means the Coordinating Commission for Postsecondary Education. 003.02. Postsecondary Education means the provision of a formal instructional program whose curriculum is designed primarily for students who are beyond the compulsory age for high school. This includes programs whose purpose is academic, vocational, and continuing professional education. 003.03. Eligible Postsecondary Educational Institution means a public or private educational institution located in Nebraska which: (1) is primarily engaged in the instruction of students; (2) is satisfying the provisions of Nebraska law relating to the approval and licensure of schools, colleges, and universities; (3) is maintaining accreditation by an accrediting organization recognized by the U.S. Department of Education; (4) is offering courses of instruction in regularly scheduled classes to regularly enrolled undergraduate students who reside in Nebraska and who have received high school diplomas or the equivalent; and (5) shall have adopted award refund and repayment policies and must make the policies available for inspection by all who request such information. 003.04. Student Aid Index means a measure of how much the student and his or her family can be expected to contribute to the cost of the student's education for the applicable academic year and is calculated according to a formula specified in federal law. 003.05. Yearly Maximum Student Aid Index means 110% of the maximum Student Aid Index to qualify for a Federal Pell Grant for the applicable award year. 003.06. Eligible Student means an individual who (1) is domiciled in Nebraska as provided in Neb. Rev. State. § 85-502; (2) is enrolled as a full- or part-time undergraduate student in an eligible program at an eligible postsecondary institution; and (3) has applied for federal financial aid through the Free Application for Federal Student Aid for the applicable award year and has a Student Aid Index equal to or less than the Yearly Maximum Student Aid Index. 003.07. Full-time Equivalency means the total number of credit or clock hours taken by eligible students divided by 24 semester, 36 quarter, or 900 clock hours as appropriate. The determination of full-time students shall be based upon the directives in Section 003.08 of these rules and regulations and an award year shall be as defined in Section 003.14. 003.08. Full-time Student means: (1) For enrollment calculations of full-time equivalent students, an individual who is enrolled in at least 24 semester credit hours, 36 quarter credit hours, or 900 clock hours per award year; or (2) For tuition and mandatory fee determination, an individual who is enrolled in at least 30 semester credit hours, 45 quarter credit hours, or 900 clock hours per award year. 003.09. Enrollment means the establishment and maintenance of an individual's status as a student in a postsecondary institution, regardless of the definition used at that institution. 003.10. Undergraduate Student means an individual who has not earned a first baccalaureate or professional degree and is enrolled in a postsecondary educational program which leads to, or is creditable toward, a first baccalaureate degree, associate degree, certificate, diploma, or equivalent. 003.11. Financial Need means the financial need determined by an eligible postsecondary educational institution for each student in accordance with the federal needs analysis prescribed in Part F of Title IV of the Higher Education Act of 1965 as amended. 003.12. Substantial Financial Need means the need demonstrated by a student who meets the Yearly Maximum Student Aid Index, as defined in Section 003.05. 003.13. Award means a grant of money to an eligible student for educational expenses. Awards shall not exceed fifty percent of the tuition and mandatory fees for a full-time, resident, undergraduate student for the last completed award year at the University of Nebraska-Lincoln. 003.14. Award Year means that period from July 1 of one year through June 30 of the succeeding year. 003.15. Award Period means that period of time, as defined by the institution, for which an award is given (example: semester, quarter, 450 contact hours, etc.) 003.16. Tuition and Mandatory Fees means the lesser of the student costs for tuition and mandatory fees for a full-time resident undergraduate student for the last completed award year at the eligible postsecondary educational institution or the student costs for tuition and mandatory fees for a full-time resident undergraduate student for the last completed award year at the University of Nebraska-Lincoln. 003.17. Educational Expenses means student costs for tuition, mandatory fees, other education related fees, room and board, books, and other costs related to students' education. 003.18. Eligible Program means a program of study that is eligible to be funded with federal Title IV funds, as defined by federal regulations. 003.19. Target Level of Funds shall represent the maximum amount of dollars that may be awarded pursuant to the Act to eligible students enrolled in eligible postsecondary educational institutions. 003.20 Located in Nebraska means, for a postsecondary educational institution not eligible prior to September 2, 2023, that a postsecondary educational institution (1) has established a physical location in Nebraska where students may receive instruction, and (2) maintains an administrative office in Nebraska for the purposes of enrolling students, providing information to students about the institution, and providing student support services.