R765-609-5. Award Amounts and Renewals

5.1 Funding Constraints of Awards: The Board shall determine award amounts, depending on the annual legislative appropriation, whether the institution is a credit granting or non-credit granting institution, and the number of qualified applicants. An eligible private nonprofit college or university in the state that is accredited by the Northwest Commission on Colleges and Universities may not award a Regents' scholarship to an eligible student in an amount that exceeds the average total cost of tuition and fees among USHE institutions. 5.2 Scholarship Award: Students who meet the eligibility criteria and enroll at a credit granting institution shall receive a four-semester scholarship award, the maximum amount shall be determined annually by the Board. Students who enroll in a non-credit granting institution will receive a one-time scholarship award, the amount of which shall be determined annually by the Board, which the institution may disburse over the course of a recipient's enrollment within this policy's limits and requirements. 5.3 Ongoing Eligibility: If a student receives an award disbursement, the recipient must enroll at a credit granting institution, maintain a 3.0 GPA and complete a minimum of 12 credit hours per academic semester to remain eligible for future disbursements. Students who earn less than a 3.0 semester GPA will be placed on probation. If the recipient again at any time earns less than a 3.0 GPA, the scholarship may be revoked. Institutions shall verify the recipient has met these requirements. Recipients who do not maintain eligibility shall forfeit the remaining award amount.