Ohio Administrative Code › Title 3356 - Youngstown State University › Chapter 3356-8 - Student Code of Conduct; Support and Assitance to Veterans › Section 3356-8-10 - Student scholarships and grants, administration, and awarding

Current through all regulations passed and filed through July 1, 2024
(A) Policy statement. This policy governs the
			 administration of scholarships and grants at Youngstown state university (YSU)
			 and establishes principles, policies, and responsibilities for the awarding of
			 scholarships. YSU awards scholarships to eligible students through funds
			 provided by the YSU Foundation, private donors, the federal and state
			 governments, university general funds and other external sources. The
			 university's enrollment strategy relies, in part, on the use of student
			 scholarships. Accordingly, the university's enrollment goals shall be aligned
			 with its scholarship strategies. To ensure that annual scholarship spending is
			 within the university's approved budget, and to ensure compliance with all
			 state and federal laws and applicable student aid regulations, the
			 administration of scholarships shall be centrally managed by the office of
			 financial aid and scholarships. The associate vice president for student
			 enrollment and business services shall have the final decision on the
			 suitability of scholarship and grant expenditures.
(B) Definitions.
(1)
									"Scholarships"
			 are financial support based on defined criteria and may be awarded on a
			 one-time or renewable basis to defray the cost of direct tuition and fees
			 charges and indirect college expenses (depending on award criteria) if the
			 total amount of aid received does not exceed the recipients total cost of
			 attendance. Donor agreements establish the award criteria for recipient
			 selection (i.e., financial need, program of study, GPA, etc.).
(2)
									"Grants" are
			 funds based on defined criteria that typically requires financial need.
			 Recipients are selected based on the award criteria set by federal or state
			 requirements or established by the university.
(3)
									"Institutional
			 Aid" is funded by YSU's general fund or through undesignated and unrestricted
			 scholarship funds the university receives from the YSU foundation. These
			 scholarship and grant funds are awarded based on enrollment and retention
			 strategies or by required donor award criteria.
(4)
									"Prizes" are
			 awarded during events or are based on competitions or other selection criteria;
			 they act as scholarships for policy purposes.
(5)
									"Fellowships and
			 Graduate assistantships" are financial support awarded to students to defray
			 tuition.
(6)
									"Aid" means funds awarded to students, regardless of
			 the funding source. Aid includes scholarships, grants, work-study employment,
			 and student loans borrowed from federal and alternative loan
			 sources.
(7)
									"Cost of attendance" includes estimated tuition, fees,
			 room and board, transportation, books, and personal expenses. These costs are
			 established by the office of financial aid & scholarships based on the
			 average or actual expenditures.
(8)
									"Total financial
			 aid package" means the aggregate amount of aid provided to a student from all
			 funding sources.