Iowa Administrative Code › Agency 283 - College Student Aid Commission › Chapter 10 - Uniform Policies › Rule 283-10.2 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Financial metric"
is the means by which the
				commission ranks the relative financial need of an applicant for financial
				assistance. The calculated financial metric shall be evaluated annually on the
				basis of a confidential statement of family finances filed on a form designated
				by the commission. The commission has adopted the use of the Free Application
				for Federal Student Aid (FAFSA), a federal form developed by the U.S.
				Department of Education, which is used to determine the financial metric.
				Relative need will be ranked based on the applicant's financial metric provided
				by the U.S. Department of Education. The FAFSA must be received by the
				processing agent by the date specified by the commission. A negative financial
				metric is the equivalent of zero.
"Financial need"
is the difference between the
				applicant's cost of attendance, as defined in Title IV of the federal Higher
				Education Act of 1965, as of July 1, 2023, and the applicant's financial metric
				and other available financial assistance at the eligible institution.
"Full-time"
means enrollment in at least 12
				semester credit hours, or the equivalent, that are part of a program of study.
				Credits that a student receives through "life experience credit" and "credit by
				examination" are not eligible for funding. Only coursework required for the
				student's eligible program of study can be used to determine enrollment status
				for state award calculations.
"Iowa resident"
means a person who:
1. If attending an Iowa regent university,
			 Iowa private college or university, or Iowa barber or cosmetology college,
			 meets the criteria used by the state board of regents to determine residency
			 for tuition purposes as described in rule
			 681-1.4 (262) and, if the person
			 qualifies for residency only as described in 681-paragraph
			 1.4(2)
"b,"
meets the following additional criteria:
* Is a veteran or qualifying military person domiciled in the
				state of Iowa who is not dependent upon a parent for financial support;
* Is a dependent veteran or qualifying military person whose
				parent is domiciled in the state of Iowa; or
* Is the spouse, domestic partner, or dependent child of a
				veteran or qualifying military person who is domiciled in the state of Iowa;
				or
2. If attending an Iowa
			 community college, meets the criteria defined by the Iowa department of
			 education to determine residency for community college tuition purposes as
			 defined in 281-subrule 21.2(11) and, if the person qualifies for residency only
			 as described in 281-subparagraph 21.2(11)
"b"
(5), meets the
			 following additional criteria:
* Is a veteran of uniformed service or a national guard member
				domiciled in the state of Iowa who is not dependent upon a parent for financial
				support;
* Is a dependent veteran of uniformed service or a national
				guard member whose parent is domiciled in the state of Iowa; or
* Is the spouse, domestic partner, or dependent child of a
				veteran of uniformed service or a national guard member who is domiciled in the
				state of Iowa.
"Part-time"
means enrollment which includes 3
				to 11 semester credit hours, or the equivalent, that are part of a program of
				study. Credits that a student receives through "life experience credit" and
				"credit by examination" are not eligible for funding. Only coursework required
				for the student's eligible program of study can be used to determine enrollment
				status for state award calculations.
"Program of study"
means a course of study
				that is eligible for federal student aid programs and leads to an undergraduate
				diploma, certificate, or degree.
"Satisfactory academic progress"
is determined
				by the eligible institution, the standards of which meet the criteria for
				participation in federal student aid programs and are published on the eligible
				institution's website.