Missouri Code of State Regulations › Title 6 - DEPARTMENT OF HIGHER EDUCATION AND WORKFORCE DEVELOPMENT › Division 10 - Commissioner of Higher Education › Chapter 2 - Student Financial Assistance Programs › Section 6 CSR 10-2.150 - Access Missouri Financial Assistance Program

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates gender-specific
				  language and clarifies the policy for award disbursement and
				  delivery.
PURPOSE: These amendments update the definition of
				  approved institution, and revise the basic eligibility and award policies to
				  reflect statutory revisions.
(1) Definitions.
(A) Academic year shall be from July 1 of any
				year through June 30 of the following year.
(B) Access Missouri shall mean the Access
				Missouri Financial Assistance Program set forth in sections 173.1101-173.1107,
				RSMo.
(C) Access Missouri award
				means an amount of money paid by the state of Missouri to a qualified applicant
				under the Access Missouri program.
(D) Applicant means a student who has filed a
				complete and accurate application to receive an Access Missouri award as
				prescribed by the CBHE and who qualifies to receive such award under section
				173.1104,
				RSMo.
(E) Approved institution
				means any institution located in the state of Missouri that meets the
				requirements set forth in subdivisions 173.1102.1(2) , (3), or (4), RSMo, that
				has been approved under
				6 CSR
				10-2.140, and that has been approved to participate in
				the federal student financial assistance programs created in Title IV of the
				Higher Education Act of 1965, as amended.
(F) Award year shall be from July 1 of any
				year through June 30 of the following year, excluding summer terms.
(G) CBHE means the Coordinating Board for
				Higher Education created by section
				173.005,
				RSMo.
(H) Consortium agreement
				means a written agreement between two (2) or more approved institutions that
				allows students to take courses at a school other than the home school and have
				those courses count toward the degree or certificate at the home school and
				that complies with United States Department of Education requirements for
				federal student financial assistance.
(I) Department means the Department of Higher
				Education created by section
				173.005,
				RSMo.
(J) EFC means Expected Family
				Contribution, the amount of money a student and family should pay toward the
				cost of post-secondary education as calculated annually by the United States
				Department of Education as a result of an official federal need analysis based
				on the student's federal need-based aid application form.
(K) Expenses mean any educational-related
				expenses including, but not limited to, tuition, fees, and room and
				board.
(L) Full-time student means
				a student who is enrolled in at least twelve (12) semester hours, eight (8)
				quarter hours, or the equivalent in another measurement system, but not less
				than the respective number sufficient to secure the certificate or degree
				toward which the student is working in no more than the number of semesters, or
				their equivalent, normally required by the institution for the program in which
				the student is enrolled. Provided, however, that an otherwise eligible student
				having a disability as defined by Title II of the Americans with Disabilities
				Act ( 42 U.S.C. 12101-12213 ) who, because of the student's disability, is
				unable to satisfy the statutory minimum requirements for full-time status under
				Title IV student aid programs shall be considered by the approved institution
				to be a full-time student and shall be considered to be making satisfactory
				academic progress, as defined in subsection (1)(Q) of this rule, while carrying
				a minimum of six (6) credit hours or their equivalent at the approved
				institution.
(M) Initial
				recipient means a student who qualifies under section
				173.1104,
				RSMo, has filed an accurate and complete application by the deadline
				established by the CBHE for the Access Missouri program, and has not received
				an Access Missouri award in any prior academic year.
(N) Increment group shall mean a group organized by
				EFC in five hundred dollar ($500) increments into which all eligible applicants
				are placed.
(O) Renewal recipient
				means a student who received an Access Missouri award, who meets the
				requirements set forth in section
				173.1104,
				RSMo, and who has filed an accurate and complete application by the deadline
				established by the CBHE for the Access Missouri program.
(P) Residency, for the purpose of this rule, shall be
				determined by reference to the standards set forth in the determination of
				student residency rule,
				6 CSR
				10-3.010.
(Q) Satisfactory academic progress shall be a
				cumulative grade point average (CGPA) of at least two and one-half (2.5) on a
				four-point (4.0) scale, or the equivalent on another scale, and, with the
				exception of grade point average, as otherwise determined by the approved
				institution's policies as applied to other students at the approved institution
				receiving assistance under Title IV financial aid programs included in the
				Higher Education Act of 1965. The calculation of CGPA shall be based on the
				approved institution's policies as applied to other students in similar
				circumstances.