reglab/statecodes huggingface dataset:
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Undergraduate Program › Section R. 390.1706 - MWS award computation

Current through Vol. 24-12, July 15, 2024
Rule 6.
(1)
				Recognized postsecondary schools participating in the MWS program shall make
				awards to eligible students consistent with all of the following provisions:
(a) The MWS funds awarded, in combination
				with other student aid received, shall not exceed the amount of financial need
				as determined by the school. The MWS award itself shall not exceed any ceiling
				stipulated by the authority.
(b)
				MWS award priority shall be given to eligible students with the greatest
				financial need as determined by the school.
(c) MWS funds shall not be paid to any
				eligible student for more than a total of 10 semesters or 15 terms of full-time
				study at any particular recognized postsecondary school participating in the
				program. To monitor the amount of cumulative MWS assistance provided,
				participating schools shall charge recipients with a semester or term count for
				each enrollment period in which MWS funds are paid according to the following
				schedule:
(i) Full-time enrollment at a
				semester school equals a 1.5 count per enrollment period.
(ii) Full-time enrollment at a term school
				equals a 1.0 count per enrollment period.
(iii) Half-time enrollment or more than
				half-time enrollment but less than full-time enrollment at a semester or term
				school equals a 0.5 count per enrollment period. A cumulative semester or term
				payment count of 15 or higher at any school shall eliminate the student from
				the MWS program at that institution. Each recognized postsecondary school
				participating in the MWS program shall maintain and monitor cumulative
				institutional records regarding individual student participation.
(d) Unearned MWS funds may be
				reawarded within the fiscal year by the school to other eligible
				students.
(e) Continued MWS program
				eligibility shall be a function of the financial need demonstrated and the MWS
				funds available at each participating postsecondary school if a recipient
				transfers from one institution to another.
(f) All MWS funds provided by the authority
				shall be used for student wages within the state fiscal year for which the
				funds were appropriated. This language shall not prevent a school from making
				awards and initiating employment consistent with an academic year cycle which
				would begin on or after August 1.
(g) All funds awarded to students shall carry
				the MWS title in communications made to student recipients by the schools
				involved.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Undergraduate Program › Section R. 390.1707 - MWS campus allocations

Current through Vol. 24-12, July 15, 2024
Rule 7.
(1) The
				authority shall distribute MWS funds to recognized postsecondary schools
				participating in the program according to the provisions of the act.
(2) Postsecondary schools participating in
				the MWS program shall provide to the authority, by the stated deadline, the
				data necessary to implement the campus allocation formula.
(3) Postsecondary schools participating in
				the MWS program shall maintain a separate restricted account for funds and
				transactions pertaining to the program.
(4) A minimal MWS annual payment of $5,000.00
				shall be made to all eligible postsecondary schools participating in the MWS
				program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Undergraduate Program › Section R. 390.1708 - Annual report

Current through Vol. 24-12, July 15, 2024
Rule 8. Each recognized postsecondary school participating in
				  the MWS program shall provide an annual report in the format specified by the
				  authority. It shall include all of the following information:
(a) The number of students served.
(b) The number of employers
				utilized.
(c) MWS payment by
				employer category.
(d) MWS dollar
				match by employer category.
(e)
				Year-end refund of unutilized funds.
(f) Other related data needed by the
				authority for accounting or audit purposes.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Undergraduate Program › Section R. 390.1709 - Records; retention

Current through Vol. 24-12, July 15, 2024
Rule 9.
(1)
				Recognized postsecondary schools participating in the MWS program shall make
				all MWS records part of their permanent student financial aid office
				files.
(2) Records which provide
				any of the following information shall be maintained:
(a) Student eligibility.
(b) Employer contracts.
(c) Wages and matching funds paid.
(d) Any award adjustments and refund
				calculations made.
(e) Cumulative
				awards made to each participant.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1722 - Program administration; activities

Current through Vol. 24-12, July 15, 2024
Rule 2. The authority shall administer the MEOG program in
				  conjunction with public degree-granting Michigan colleges. Participating
				  schools shall be responsible for all of the following activities:
(a) Selecting eligible student
				recipients.
(b) Awarding MEOG funds
				to eligible student recipients.
(c)
				Reporting MEOG expenditures and related data to the authority on a timely
				basis.
(d) Refunding unused MEOG
				funds promptly at the end of each fiscal year.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1723 - Eligible schools

Current through Vol. 24-12, July 15, 2024
Rule 3.
(1)
				Degree-granting public postsecondary institutions approved by the Michigan
				state board of education and eligible for listing in the Michigan department of
				education's publication entitled "Directory of Michigan Institutions of Higher
				Education" shall be eligible to participate in the MEOG program.
(2) Eligible postsecondary schools shall
				notify the authority not later than February 1 preceding the fiscal year of
				funding if they choose not to participate in the MEOG program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1724 - Eligible students

Current through Vol. 24-12, July 15, 2024
Rule 4. Participating postsecondary schools may make MEOG
				  awards to students who meet all of the following criteria:
(a) Are Michigan residents and not considered
				residents of any other state.
(b)
				Are not currently incarcerated in a correctional facility.
(c) Are enrolled or accepted for enrollment
				in an undergraduate program of study on at least a half-time basis.
(d) Are determined by the postsecondary
				school to have financial need for the awards.
(e) Are United States citizens or permanent
				residents.
(f) Are not in default
				on a loan guaranteed by the authority. Exceptions may be made if a defaulted
				borrower has made satisfactory repayment arrangements on the defaulted amount
				of the loan as determined by the authority.
(g) Are making satisfactory academic progress
				as defined by the postsecondary school of enrollment.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1725 - MEOG award computation

Current through Vol. 24-12, July 15, 2024
Rule 5.
(1)
				Postsecondary schools participating in the MEOG program shall make awards to
				eligible students consistent with all of the following provisions:
(a) The MEOG funds awarded in combination
				with other student aid received shall not exceed the amount of financial need
				as determined by the school. The MEOG award itself shall not exceed $1,000.00
				per year.
(b) MEOG award priority
				shall be given to eligible students with the greatest financial need as
				determined by the school.
(c) MEOG
				funds shall not be paid to any eligible student for more than a total of 10
				semesters or 15 terms of full-time study at any particular school. To monitor
				the amount of cumulative MEOG assistance provided, participating schools shall
				charge recipients with a semester or term count for each enrollment period in
				which MEOG funds are paid according to the following schedule:
(i) Full-time enrollment at a semester school
				equals a 1.5 count per enrollment period.
(ii) Full-time enrollment at a term school
				equals a 1.0 count per enrollment period.
(iii) Half-time enrollment or more than
				half-time enrollment but less than full-time enrollment at a semester or term
				school equals a 0.5 count per enrollment period. A cumulative semester or term
				payment count of 15 or higher at any particular institution shall eliminate the
				student from the MEOG program at that institution. Each postsecondary school
				participating in the MEOG program shall maintain and monitor cumulative
				institutional records regarding individual student participation according to
				the schedule outlined in this subdivision.
(d) Refund arrangements to the campus program
				account shall follow the institution's official refund policy. Refunds to the
				campus MEOG program account shall be made in cases where the student terminates
				eligibility between terms or semesters of the award period. Final eligibility
				for payment within an enrollment period shall be a function of the student's
				status on the enrollment count date established by the school.
(e) Continued MEOG program eligibility shall
				be a function of the financial need demonstrated and the MEOG funds available
				at each participating postsecondary school if a recipient transfers from one
				institution to another.
(f) All
				MEOG funds provided by the authority shall be used for student awards within
				the state fiscal year for which the funds were appropriated. This language
				shall not prevent schools from making MEOG awards consistent with an academic
				year cycle which would begin on or after August 1.
(g) A grant awarded to a student shall carry
				the MEOG program title on communications made to the student recipients by the
				postsecondary school involved.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1726 - MEOG campus allocations

Current through Vol. 24-12, July 15, 2024
Rule 6.
(1) The
				authority shall distribute MEOG funds to participating postsecondary schools
				according to the provisions of the act.
(2) Postsecondary schools participating in
				the MEOG program shall provide to the authority, by the stated deadline, the
				data necessary to implement the campus allocation formula.
(3) Postsecondary schools participating in
				the MEOG program shall maintain a separate restricted account for funds and
				transactions pertaining to the program.
(4) A minimal MEOG annual payment of
				$1,000.00 shall be made to all eligible postsecondary schools participating in
				the MEOG program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1727 - Annual report

Current through Vol. 24-12, July 15, 2024
Rule 7. Each participating postsecondary school shall provide
				  an annual report in the format specified by the authority. It shall include all
				  of the following information:
(a) The
				number of students served.
(b) The
				total payments made.
(c) Year-end
				refund of unutilized funds.
(d)
				Other related data needed by the authority for accounting or audit
				purposes.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Educational Opportunity Grant Program › Section R. 390.1728 - Records; retention

Current through Vol. 24-12, July 15, 2024
Rule 8.
(1)
				Participating postsecondary schools shall make all MEOG program records part of
				their permanent student financial aid office files.
(2) Records which provide any of the
				following information shall be maintained:
(a) Student eligibility.
(b) Any award adjustments and refund
				calculations made.
(c) Cumulative
				grants made to each participant at the school.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1752 - Financial need calculation

Current through Vol. 24-12, July 15, 2024
Rule 2. Financial need is the positive difference found by
				  the participating postsecondary school between the applicant's educational
				  expenses and any reasonable contribution identified from the resources of the
				  independent student in question and his or her spouse, if married. The analysis
				  used in this process shall be consistent with need calculation procedures
				  approved for use with the campus-based title IV federal student aid programs
				  pursuant to the higher education act with the following exceptions:
(a) Current year income, instead of prior
				calendar year income, shall be used exclusively in the calculation.
(b) Equity in the principal home of the
				applicant shall be excluded from the calculation.
(c) Other sources of student aid to be
				received by the applicant for the award period in question shall be included by
				the school in the computation of financial need.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1753 - Program administration; activities

Current through Vol. 24-12, July 15, 2024
Rule 3. The authority shall administer the APTG program in
				  conjunction with participating postsecondary schools. Participating schools
				  shall be responsible for all of the following activities:
(a) Selecting eligible student
				recipients.
(b) Awarding APTG funds
				to eligible student recipients.
(c)
				Reporting APTG expenditures and related data to the authority on a timely
				basis.
(d) Refunding unused APTG
				funds promptly at the end of each fiscal year.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1754 - Eligible schools

Current through Vol. 24-12, July 15, 2024
Rule 4.
(1)
				Degree-granting educational institutions shall be eligible to receive APTG
				funds and make student awards under the APTG program.
(2) Eligible postsecondary schools shall
				notify the authority not later than February 1 preceding the fiscal year of
				funding if they choose not to participate in the APTG program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1755 - Eligible students

Current through Vol. 24-12, July 15, 2024
Rule 5. Participating postsecondary schools may make APTG
				  awards to a student who meets all of the following criteria:
(a) Is a part-time student.
(b) Is an independent student.
(c) Has not been enrolled in a high school
				diploma program, other than general education development (GED) or adult
				education, for at least 2 preceding years.
(d) Has enrolled or been accepted for
				enrollment as an undergraduate.
(e)
				Is a Michigan resident and is not considered a resident of any other
				state.
(f) Is not currently
				incarcerated in a correctional facility.
(g) Demonstrates financial need, taking other
				aid to be received into consideration.
(h) Is a United States citizen or permanent
				resident.
(i) Is not enrolled in a
				program of study leading to a degree in theology or divinity.
(j) Is not in default on a loan guaranteed by
				the authority. Exceptions may be made if a defaulted borrower has made
				satisfactory repayment arrangements on the defaulted amount of the loan as
				determined by the authority.
(k) Is
				making satisfactory academic progress as determined by the postsecondary school
				of enrollment.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1756 - APTG program grant computation

Current through Vol. 24-12, July 15, 2024
Rule 6. Postsecondary schools participating in the APTG
				  program shall make awards to eligible students consistent with all of the
				  following provisions:
(a) APTG program
				funds awarded in combination with other student financial aid received shall
				not exceed the amount of financial need as determined by the school. The APTG
				award itself shall not exceed $600.00 per academic year.
(b) APTG program funds shall not be disbursed
				to any eligible student for more than a cumulative total of 24 months of
				enrollment at any participating school.
(c) Award priority shall be given to eligible
				students with the greatest financial need as determined by the
				school.
(d) APTG program awards
				shall not be counted as income for purposes of determining eligibility for
				social services assistance administered pursuant to Act No. 280 of the Public
				Acts of 1939, as amended, being S400.1 et seq. of the Michigan Compiled
				Laws.
(e) Refund arrangements to
				the campus APTG program account shall follow the institution's official refund
				policy. Refunds to the campus APTG program account shall be made in cases where
				the student terminates eligibility between terms or semesters of the award
				period. Final eligibility for payment within an enrollment period shall be a
				function of the student's status on the enrollment count date established by
				the institution.
(f) Continued APTG
				program eligibility shall be a function of the financial need demonstrated and
				the APTG funds available at each participating postsecondary school if a
				recipient transfers from one institution to another.
(g) All APTG funds provided by the authority
				shall be used for student awards within the state fiscal year for which the
				funds were appropriated. This language shall not prevent schools from making
				APTG awards consistent with an academic year cycle which would begin on or
				after August 1.
(h) A grant awarded
				to a student shall carry the APTG program title on communications made to the
				student recipient by the postsecondary school involved.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1757 - APTG program campus allocations

Current through Vol. 24-12, July 15, 2024
Rule 7.
(1) The
				authority shall distribute APTG funds to participating postsecondary schools
				according to the provisions of the act.
(2) Postsecondary schools participating in
				the APTG program shall provide to the authority, by the stated deadline, the
				data necessary to implement the campus allocation formula.
(3) Postsecondary schools participating in
				the APTG program shall maintain a separate restricted account for funds and
				transactions pertaining to the program.
(4) A minimal APTG annual payment of $600.00
				shall be made to eligible postsecondary schools participating in the APTG
				program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1758 - Annual report

Current through Vol. 24-12, July 15, 2024
Rule 8. Each participating postsecondary school shall provide
				  an annual report in the format specified by the authority. It shall include all
				  of the following information:
(a) The
				number of students served.
(b) The
				total payments made.
(c) Year-end
				refund of unutilized funds.
(d)
				Other related data needed by the authority for accounting or audit
				purposes.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Adult Part-Time Grant Program › Section R. 390.1759 - Records; retention

Current through Vol. 24-12, July 15, 2024
Rule 9.
(1)
				Participating postsecondary schools shall make all APTG program records part of
				their permanent student financial aid office files.
(2) Records which provide any of the
				following information shall be maintained:
(a) Student eligibility.
(b) Any award adjustments and refund
				calculations made.
(c) Cumulative
				grants made to each participant at the school.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1772 - Program administration; activities

Current through Vol. 24-12, July 15, 2024
Rule 2. The authority shall administer the MWSG program in
				  conjunction with postsecondary schools. Participating schools shall be
				  responsible for all of the following activities:
(a) Signing and maintaining MWSG employer
				agreements.
(b) Selecting eligible
				student recipients.
(c) Awarding
				MWSG funds to eligible students.
(d) Monitoring employment hours and MWSG
				program matching requirements and payroll distribution.
(e) Reporting MWSG expenditures and related
				data to the authority on a timely basis.
(f) Refunding unused MWSG funds to the
				authority promptly at the end of each fiscal year.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1773 - Eligible schools

Current through Vol. 24-12, July 15, 2024
Rule 3.
(1)
				Postsecondary schools shall be eligible to receive MWSG funds and make student
				awards under the MWSG program.
(2)
				Eligible postsecondary schools shall notify the authority not later than
				February 1 preceding the fiscal year of funding if they choose not to
				participate in the MWSG program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1774 - Eligible students

Current through Vol. 24-12, July 15, 2024
Rule 4. Postsecondary schools participating in the MWSG
				  program may make awards to students who meet all of the following
				  criteria:
(a) Are Michigan residents
				and not considered residents of any other state.
(b) Are not currently incarcerated in a
				correctional facility.
(c) Are
				enrolled, or accepted for enrollment, in a postsecondary school at the graduate
				or professional graduate level on at least a half-time basis.
(d) Are not enrolled in a program of study
				which leads to a degree in theology or divinity.
(e) Are determined by the postsecondary
				school to financially need the MWSG awards to help meet educational
				expenses.
(f) Are United States
				citizens or permanent residents.
(g) Are not in default on a loan guaranteed
				by the authority. Exceptions may be made if a defaulted borrower has made
				satisfactory repayment arrangements on the defaulted amount of the loan as
				determined by the authority.
(h)
				Are making satisfactory academic progress as determined by the postsecondary
				school of enrollment.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1775 - Eligible employers

Current through Vol. 24-12, July 15, 2024
Rule 5.
(1)
				Postsecondary schools may enter into written MWSG employment agreements with
				nonprofit employers who meet all of the following criteria:
(a) Provide not less than 20% of the wages
				earned by each MWSG student placed.
(b) Do not use MWSG recipients to displace
				employed workers.
(c) Do not employ
				MWSG recipients to construct, operate, or maintain facilities of sectarian
				instruction or religious worship.
(d) Do not pay MWSG recipients at a rate less
				than the prevailing federal minimum wage.
(e) Enter into a signed written agreement
				with the postsecondary school to provide such employment for students
				recommended by the school.
(f)
				Postsecondary schools employing MWSG students on campus will be considered
				nonprofit employers for purposes of these rules.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1776 - MWSG award computation

Current through Vol. 24-12, July 15, 2024
Rule 6.
(1)
				Postsecondary schools participating in the MWSG program shall make awards to
				eligible students consistent with all of the following provisions:
(a) The MWSG funds awarded, in combination
				with other student aid received, shall not exceed the amount of financial need
				as determined by the postsecondary school. The MWSG award itself shall not
				exceed any ceiling stipulated by the authority.
(b) MWSG award priority shall be given to
				eligible students with the greatest financial need as determined by the
				postsecondary school.
(c) MWSG
				funds shall not be paid to any eligible student for more than a total of 8
				semesters or 12 terms of full-time study at any particular school and degree
				level. To monitor the amount of cumulative MWSG assistance provided,
				participating schools shall charge recipients with a semester or term count for
				each enrollment period in which MWSG funds are paid according to the following
				schedule:
(i) Full-time enrollment at a
				semester school equals a 1.5 count per enrollment period.
(ii) Full-time enrollment at a term school
				equals a 1.0 count per enrollment period.
(iii) Half-time enrollment or more than
				half-time enrollment but less than full-time enrollment at a semester or term
				school equals a 0.5 count per enrollment period. A cumulative semester or term
				payment count of 12 or higher shall eliminate the student from the MWSG program
				at a given degree level at any particular school. Each postsecondary school
				participating in the MWSG program shall maintain and monitor cumulative
				institutional records regarding individual student participation.
(d) Unearned MWSG funds may be
				reawarded within the fiscal year by the school to other eligible
				students.
(e) Continued MWSG
				program eligibility shall be a function of the financial need demonstrated and
				the MWSG funds available at each participating postsecondary school if a
				recipient transfers from one institution to another.
(f) All MWSG funds provided by the authority
				shall be used for student wages within the state fiscal year for which the
				funds were appropriated. This language shall not prevent a school from making
				awards and initiating employment consistent with an academic year cycle which
				would begin on or after August 1.
(g) All funds awarded to students shall carry
				the MWSG title in communications made to student recipients by the schools
				involved.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1777 - MWSG campus allocations

Current through Vol. 24-12, July 15, 2024
Rule 7.
(1) The
				authority shall distribute MWSG funds to postsecondary schools participating in
				the program according to the provisions of the act.
(2) Postsecondary schools participating in
				the MWSG program shall provide to the authority, by the stated deadline, the
				data necessary to implement the campus allocation formula.
(3) Postsecondary schools participating in
				the MWSG program shall maintain a separate restricted account for funds and
				transactions pertaining to the program.
(4) A minimal MWSG annual payment of
				$5,000.00 shall be made to all eligible postsecondary schools participating in
				the MWSG program.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1778 - Annual report

Current through Vol. 24-12, July 15, 2024
Rule 8. Each postsecondary school participating in the MWSG
				  program shall provide an annual report in the format specified by the
				  authority. It shall include all of the following information:
(a) The number of students served.
(b) The number of employers
				utilized.
(c) MWSG payment by
				employer category.
(d) MWSG dollar
				match by employer category.
(e)
				Year-end refund of unutilized funds.
(f) Other related data needed by the
				authority for accounting or audit purposes.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Work-Study Graduate Program › Section R. 390.1779 - Records; retention

Current through Vol. 24-12, July 15, 2024
Rule 9.
(1)
				Postsecondary schools participating in the MWSG program shall make all MWSG
				records part of their permanent student financial aid office files.
(2) Records which provide any of the
				following information shall be maintained:
(a) Student eligibility.
(b) Employer contracts.
(c) Wages and matching funds paid.
(d) Any award adjustments and refund
				calculations made.
(e) Cumulative
				awards made to each participant.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1802 - Applications; enrollment; denial of authorization to enter into contract

Current through Vol. 24-12, July 15, 2024
Rule 2.
(1) The
				board may develop and distribute applications. Applications shall be available
				from the office of the trust and at other places considered necessary by the
				executive director. Applications received by the trust shall be date-stamped by
				the trust as evidence of receipt.
(2) To be complete, an application shall
				contain all of the information the board determines necessary to properly
				administer the application and enrollment process. Upon receipt of a completed
				application, the trust shall determine the enrollment period in which the
				applicant may be eligible to enter into a contract with the trust for the
				proposed beneficiary. The trust shall notify the applicant of the enrollment
				period for which the application was accepted and provide the applicant with
				the information necessary to enter into a contract with the trust.
(3) The trust shall make a reasonable effort
				to assure that not more than the number of credit hours necessary to obtain a
				5-year baccalaureate degree is purchased for a particular beneficiary. To this
				end, to the extent known by the trust, the trust will not allow, in any
				enrollment period, the purchase of credit hours which, when added to credit
				hours previously contracted for on behalf of the beneficiary, will provide the
				beneficiary with more than the number of credit hours necessary to obtain a
				5-year baccalaureate degree. If more than 1 applicant has submitted an
				application for the same proposed beneficiary and all applications submitted or
				contracts previously entered into total more than the number of credit hours
				necessary to obtain a 5-year baccalaureate degree, the trust shall authorize
				applicants to enter into contracts for the proposed beneficiary in the order of
				the trust's receipt of their applications.
(4) In addition to a denial pursuant to
				subrule (3) of this rule, the trust may deny an applicant the right to enter
				into a contract with the trust for any of the following reasons:
(a) The applicant is not legally qualified to
				enter into the contract.
(b)
				Entering into the contract with the applicant violates state or federal
				securities laws.
(c) The proposed
				beneficiary is not a qualified beneficiary under the act.
(d) The board determines it would be
				advisable, for reasons adopted by the board or because it is necessary to
				protect the actuarial soundness of the trust, to limit the number of contracts
				entered into by the trust.
(e) The
				applicant fails to enter into a contract within the enrollment period
				specified.
(f) Any other reason
				determined by resolution of the board.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1803 - Limiting participation; methods; applicant priority for following year

Current through Vol. 24-12, July 15, 2024
Rule 3.
(1) If it is
				determined by the board, at any particular time, that either the total number
				of participants in the trust, in a specific plan or in a type of contract of
				the trust, or the number of beneficiaries in specific age groups must be
				limited to maintain the actuarial soundness of the trust, the board, by
				resolution, may limit the number of new beneficiaries by 1 or more of the
				following methods:
(a) The institution of a
				system whereby applicants with completed applications related by beneficiary
				age group, filing date, or other classification determined by the board are
				selected to be eligible to enter into contracts during a specific enrollment
				period by a method designed to insure fairness. The board shall determine
				whether applications may be submitted by mail or in person, or both.
(b) The institution of a first-come,
				first-served process whereby applications for program entry are accepted in the
				order they are received. The board shall determine whether applications may be
				submitted by mail or in person, or both. Locations at which applications will
				be accepted shall be specified in advance.
(c) The institution of an open application
				period whereby, for a limited period of time as specified by the board, all
				completed applications submitted during the specified period shall be accepted
				by the trust. The board shall determine whether applications may be submitted
				by mail or in person, or both. If it is determined by the board, as specified
				by the actuary, that the actuarial soundness of the trust will not be impaired,
				the board may accept additional applications received after the application
				period on a first-come, first-served basis or other basis recommended by the
				actuary.
(d) A combination of any
				of the methods specified in the provisions of subdivisions (a) to (c) of this
				subrule.
(e) Any other method for
				limiting participation, if the method does not adversely affect the financial
				soundness of the trust.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1806 - Terminations and refunds under 1988 full benefits plan contracts

Current through Vol. 24-12, July 15, 2024
Rule 6.
(1) As used
				in this rule, "contract" means a full benefits plan contract that was issued
				during 1988.
(2) A contract may be
				terminated in the following instances upon a written request to the trust by
				the beneficiary or by a person who has legal authority to act on behalf of a
				beneficiary who has died or is disabled:
(a)
				The beneficiary has reached 18 years of age or has received a high school
				diploma, certifies that he or she will attend an independent degree-granting
				college or university, and directs payment of any refund to that independent
				degree-granting college or university.
(b) The beneficiary has reached 18 years of
				age or has received a high school diploma and certifies that he or she will
				attend an out-of-state institution of higher education.
(c) The beneficiary has reached 18 years of
				age or has received a high school diploma and certifies that he or she will
				attend a higher education institution under a full-tuition
				scholarship.
(d) The beneficiary
				has died or is disabled.
(e) The
				beneficiary has reached 18 years of age or has received a high school diploma
				and certifies 1 of the following:
(i) He or
				she does not plan to attend a higher education institution.
(ii) He or she will attend an independent
				degree-granting college or university, but does not direct payment of any
				refund to that independent degree-granting college or university.
(iii) He or she will attend a community or
				junior college.
(f) The
				board approves a termination for any other reason.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1807 - Terminations and refunds under 1988 limited benefits plan contracts

Current through Vol. 24-12, July 15, 2024
Rule 7.
(1) As used
				in this rule:
(a) "Complete credit public
				educational institution" means a public educational institution whose in-state
				or in-district tuition rate is not more than 105% of the weighted average
				tuition cost of all state institutions of higher education in the academic year
				in which the beneficiary enrolls at the public educational
				institution.
(b) "Complete credit
				state institution of higher education" means a state institution of higher
				education whose in-state tuition rate is not more than 105% of the weighted
				average tuition cost of all state institutions of higher education in the
				academic year in which the beneficiary enrolls at the higher education
				institution.
(c) "Contract" means a
				limited benefits plan contract issued during 1988.
(d) "Weighted average tuition cost of
				complete credit state institutions of higher education" means a figure arrived
				at as follows:
(i) First, multiply the annual
				undergraduate tuition cost at each complete credit state institution of higher
				education by its total number of undergraduate fiscal year equated
				students.
(ii) Second, add the
				results of paragraph (i) of this subdivision for all complete credit state
				institutions of higher education.
(iii) Third, divide the result of paragraph
				(ii) of this subdivision by the total number of undergraduate fiscal year
				equated students for all complete credit state institutions of higher
				education.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1808 - Terminations and refunds under 1988 community college plan contracts

Current through Vol. 24-12, July 15, 2024
Rule 8.
(1) As used
				in this rule:
(a) "Annual tuition cost" means
				a figure determined by dividing the total in-district tuition collected by a
				particular community or junior college for a year for credit hour courses by
				the total number of in-district fiscal year equated students at that particular
				school for that year.
(b) "Average
				tuition" means a figure determined by adding the annual tuition cost at each
				community or junior college and dividing that result by the total number of
				community or junior colleges.
(c)
				"Contract" means a community college plan contract issued during
				1988.
(d) "Fiscal year equated
				students" means a figure determined for each community or junior college by
				dividing 1/2 of the number of credit hours necessary to receive a 2-year
				associate degree at that community or junior college into the number of credit
				hours for which in-district students were enrolled.
(e) "Higher education institution" means a
				state institution of higher education, an independent, degree-granting college
				or university, or an out-of-state institution of higher education.
(f) "Lowest tuition cost" means the lowest
				annual tuition rate charged at any community or junior college.
(g) "Mandatory fee" means any fee, other than
				charges for credit hours, room, and board, which a community or junior college
				requires all students to pay.
(h)
				"Weighted average tuition cost" means the figure arrived at as follows:
(i) First, multiply the annual tuition cost
				at each community or junior college by its total number of fiscal year equated
				students.
(ii) Second, add the
				results of paragraph (i) of this subdivision for all community or junior
				colleges.
(iii) Third, divide the
				result of paragraph (ii) of this subdivision by the total number of fiscal year
				equated students for all community or junior colleges.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1810 - Terminations by trust upon actuarial unsoundness

Current through Vol. 24-12, July 15, 2024
Rule 10. An actuarial review of a plan shall be made on an
				  annual basis. If a determination is made for the trust by a nationally
				  recognized actuary that the plan is not actuarially sound and if the trust
				  determines there are insufficient numbers of new purchasers to insure the
				  actuarial soundness of the plan, the trust shall terminate all contracts in the
				  plan. Upon termination pursuant to the provisions of this rule, the trust shall
				  cease all payments from the plan and pay refunds to the persons specified in
				  the contracts to receive refunds upon termination if the refunds are not
				  directed to a higher education institution. The amount of the refunds shall be
				  as follows:
(a) If funds are being
				held in an escrow account, funds in the escrow account will be transferred to
				the third-party lender in an amount necessary to repay the principal and
				accrued, but unpaid, interest due on the secured loan. Any funds remaining in
				the escrow account after this transfer will be transferred into the tuition
				account.
(b) The trust will then
				calculate the asset value for each contract in the same plan by adding the
				application fee, any contract processing fee paid to or authorized by the
				trust, and 1 of the following, less the value of any educational benefits or
				refunds previously received:
(i) The amount
				transferred to the tuition account pursuant to the provisions of subdivision
				(a) of this rule.
(ii) The prepaid
				tuition amount plus any investment income for a contract purchased without a
				secured loan.
(iii) The prepaid
				tuition amount and any investment income for a contract where a secured loan
				has been previously paid and the money has been transferred to the tuition
				account pursuant to the contract.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1811 - Terminations by trust due to fraud

Current through Vol. 24-12, July 15, 2024
Rule 11. The trust may terminate a contract and provide a
				  refund in an amount equal to the prepaid tuition amount, less a termination fee
				  and educational benefits used, if any of the following have been fraudulently
				  stated in an application or a contract:
(a) The age of the beneficiary or
				purchaser.
(b) The grade of the
				beneficiary.
(c) The date upon
				which the beneficiary may receive benefits under a contract.
(d) The residency of the beneficiary or
				purchaser at the time the contract is submitted to the trust.
(e) Other matters as determined by the
				board.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1812 - Terminations by trust due to lapse of contract

Current through Vol. 24-12, July 15, 2024
Rule 12. The board, by resolution, may establish a period of
				  time to be specified in a contract after which the educational benefits and the
				  right to a refund will be terminated; however, the person specified in a
				  contract shall continue to have the right to receive the prepaid tuition
				  amount, less any educational benefits or refund previously paid under a
				  contract. If the trust ceases to exist, the amount due under this rule shall
				  escheat to the state.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1814 - Beneficiary ineligible for in-state tuition rate

Current through Vol. 24-12, July 15, 2024
Rule 14. A beneficiary who does not meet the in-state
				  residency requirements of his or her chosen state institution of higher
				  education at the time benefits are requested shall receive the number of credit
				  hours contracted for at the instate tuition rate. The trust is not responsible
				  for, and shall not pay, the difference between the in-state and out-of-state
				  tuition rates.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1815 - Benefits provided at community or junior colleges

Current through Vol. 24-12, July 15, 2024
Rule 15. Contracts shall provide for the trust to pay the
				  in-district tuition rate or the out-of-district tuition rate at community or
				  junior colleges in the manner set forth in the contract if the out-of-district
				  tuition rate is not more than the average tuition rate of Michigan's public
				  universities.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1816 - Other contract options

Current through Vol. 24-12, July 15, 2024
Rule 16. The board may offer contracts that provide for
				  in-district tuition rates at community and junior colleges and monthly purchase
				  or payroll deduction contracts. Contracts that are offered pursuant to this
				  rule shall have separate and distinct provisions as determined by the
				  board.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1817 - Hearings

Current through Vol. 24-12, July 15, 2024
Rule 17. A person, firm, corporation, public body, or agency
				  aggrieved by a decision of the board may request, in writing, that the board
				  hold a hearing in accordance with the provisions of Act No. 306 of the Public
				  Acts of 1969, as amended, being S24.201 et seq. of the Michigan Compiled
				  Laws.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1818 - Declaratory rulings

Current through Vol. 24-12, July 15, 2024
Rule 18. In accordance with the provisions of section 63 of
				  Act No. 306 of the Public Acts of 1969, as amended, being S24.263 of the
				  Michigan Compiled Laws, an interested person may request a declaratory ruling
				  as to the applicability of a statute administered by the trust or of a rule or
				  order of the trust to an actual set of facts. Such a request shall be submitted
				  to the trust in writing. The trust shall respond to the request in writing
				  within 90 days after receipt of the written request. Before issuing a
				  declaratory ruling or denying a requested ruling, the trust may ask the
				  requesting party to clarify the request or provide additional information or 1
				  or more factual situations upon which to formulate a declaratory ruling. The
				  time for the trust to respond to a requested ruling shall be suspended until
				  the requesting party adequately responds to the trust's request for
				  clarification or additional information.
Michigan Administrative Code › Department - Treasury › Student Financial Services Bureau › Michigan Education Trust › Section R. 390.1820 - Credit hours paid for by trust

Current through Vol. 24-12, July 15, 2024
Rule 20.
(1) Credit
				hours paid for by the trust for any beneficiary under a contract shall include
				all of the following:
(a) All credit hours
				covered by the contract unless the beneficiary, after enrollment, reduces his
				or her credit hours and the trust receives a 100% refund for the reduced credit
				hours.
(b) Credit hours for which a
				beneficiary enrolled but did not receive credit because of incomplete or
				failing work or the credit hours did not transfer to another public educational
				institution.
(c) Credit hours for
				which a public educational institution does not impose additional tuition
				charges because 1 or more credit hours have been paid for by the trust during a
				particular quarter, term, or semester.
(d) Any other credit hours deemed necessary
				by the board.