reglab/statecodes huggingface dataset:
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.53 - Forfeiture of award

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A
				  recipient who fails to enroll in a term of the academic year for which the
				  award was granted must request a deferment from the Agency. Where a request for
				  deferment is received from the student subsequent to the Agency's cancellation
				  for nonenrollment as reported by the school or college on the higher education
				  grant disbursement roster, the cancelled portion of the student's award shall
				  not be reinstated except, funds permitting, at the discretion of the
				  staff.
(b) Students with awards
				  cancelled under this section shall be entitled to review of such cancellation
				  under §§
										121.7 and
				  121.8 (relating to notice of
				  denial and preliminary review procedures; and applicant and recipient appeals
				  and hearings) in accordance with the procedure for review and
				  appeals.
The provisions of this §
												121.53 amended under the act of
						August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); sections 1 and 2 of the act of January
						25, 1966 (P. L. 1546, No. 541) (24 P. S. §§
													5151
						and 5152); the act of October 29,
						1969 (P. L. 283, No. 116); the act of October 11, 1972 (P. L. 899, No. 213)
						(24
						P. S. §
													5161); the act of October 11, 1972
						(P. L. 909, No. 216) (24 P. S. §
													5171); and the act of October 18, 1972 (No.
						233).
This section cited in 22 Pa. Code §
												121.151 (relating to application
						of existing Agency regulations).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.54 - Deferment of award

Current through Register Vol. 54, No. 28, July 13, 2024
The Agency may approve a request for deferment of an award
					 for one academic term at a time. An award may not be deferred beyond July 1 of
					 any year.
This section cited in 22 Pa. Code §
												121.151 (relating to application
						of existing Agency regulations).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.55 - Recipients on probation

Current through Register Vol. 54, No. 28, July 13, 2024
A recipient on academic or disciplinary probation shall
					 remain eligible for a higher education grant if the institution of higher
					 learning permits him to continue his studies on at least a half-time basis and
					 he is making satisfactory academic progress as required under §
										121.58 (relating to academic
					 progress).
The provisions of this §
												121.55 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); sections 1 and 6(e) of the act of
						January 25, 1966 (P. L. 1546, No. 541) (24 P. S. §§
													5151 and
						5156(e)); the act of July 18,
						1974 (P. L. 483, No. 174) (24 P. S. §§
													5181-5189); the act of July 1, 1988 (P. L.
						1259, No. 155) (24 P. S. §§
													5191-5197); and
						the act of June 26, 1992 (P. L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.56 - Year abroad program

Current through Register Vol. 54, No. 28, July 13, 2024
A recipient shall be eligible to receive an award for a
					 Year Abroad Program which shall provide the recipient with equivalent credit
					 for the academic terms involved in the program as the recipient would earn at
					 the approved institution of higher learning and which requires the recipient to
					 pay the educational costs to the institution. Exceptions to the requirement
					 that educational costs be paid to the approved institution may be made by the
					 President and Chief Executive Officer.
The provisions of this §
												121.56 issued under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); act of October 11, 1972 (P. L. 899,
						No. 213) (24 P. S. §
													5161); and the act
						of October 11, 1972 (P. L. 909, No. 216); amended under section 4 of the act of
						August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); The Institutional Assistance Grants
						Act (24 P. S. §§
													5181-5189); the
						Urban and Rural Teacher Loan Forgiveness Act (24 P. S. §§
													5191-5197); and the Agriculture Education
						Loan Forgiveness Act (24 P. S. §§
													5198.1-5198.7).
This section cited in 22 Pa. Code §
												121.151 (relating to application
						of existing Agency regulations).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.58 - Academic progress

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A
				  higher education grant recipient must make normal academic progress, as defined
				  in the State Higher Education Grant Program Manual, from year to year to retain
				  higher education grant eligibility.
(b) The Agency will make the final decision
				  in all matters pertaining to academic progress.
The provisions of this §
												121.58 amended under the act of
						August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); sections 1 and 6(e) of the act of
						January 25, 1966 (P. L. 1546, No. 541) (24 P. S. §§
													5151 and
						5156(e)); the act of October
						29, 1969 (P. L. 283, No. 116); the act of October 11, 1972 (P. L. 899, No. 213)
						(24
						P. S. §
													5161); the act of October 11, 1972
						(P. L. 909, No. 216) (24 P. S. §
													5171); and the act of October 18, 1972 (No.
						233).
This section cited in 22 Pa. Code §
												121.55 (relating to recipients on
						probation).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter B - HIGHER EDUCATION GRANT PROGRAM › Section 121.59 - Error rate policy

Current through Register Vol. 54, No. 28, July 13, 2024
(a) The
				  staff of the Agency will extract a random sample of all accounts at an
				  institution that is undergoing a review of its program administration.
				  Institutions will then be categorized according to their error rate in
				  administration of State grants as follows:
(1)
Error rate of 4.0% or less.
This is an acceptable rate
				  signifying that the institution is complying with PHEAA grant program
				  guidelines. It will be assumed that the discrepancies found had been caused by
				  a misinterpretation of the guidelines or by a mistake on the part of the
				  financial aid officer or staff of the institution. No further action will be
				  required other than a letter to the institution identifying the discrepancies
				  and requesting a refund of those awards for ineligible higher education grant
				  recipients identified in the sample.
(2)
Error rate of 4.1%-8.9%.
This rate indicates repeated failure to comply with certain program guidelines
				  or that somewhat general discrepancies exist within the internal control of the
				  institution as it applies to financial aid. The Agency will request a refund on
				  behalf of those ineligible higher education grant recipients identified in the
				  sample. A letter will be sent to the institution pointing out the problems and
				  recommending necessary action to be taken by the institution with the
				  stipulation that within 12 to 18 months a followup review will be conducted, at
				  which point in time the calculated error rate is expected to be within the
				  acceptable range. If, at this time, the error rate is not acceptable, a
				  decision will be made regarding whether or not the institution shall continue
				  to receive grant disbursements and as to whether or not a review based on a
				  valid statistical sample is required.
(3)
Error rate of 9% or more.
This rate indicates that serious weaknesses or the possibility of
				  fraud exists within the institution's administration of the program. The Agency
				  will schedule a program followup to be conducted at the earliest possible date.
				  All disbursements to the institution may be withheld pending the results of the
				  follow-up review. The followup review will be based on a valid statistical
				  sample which will be prepared by the Agency. This valid statistical sample will
				  identify the accounts to be evaluated in the follow-up review. The Agency will
				  request a refund for those higher education grant recipients identified as
				  refund cases during the initial and follow-up reviews and make a determination
				  as to the continued eligibility of the institution for PHEAA's programs of
				  student financial assistance.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.61 - Submission and processing of applications

Current through Register Vol. 54, No. 28, July 13, 2024
(a)
Applicant
. A student
				  desiring to secure a Federal Stafford Loan shall obtain from a participating
				  lender, a participating school or Agency a loan application packet containing
				  the application/promissory note form for the Federal Stafford Loan Program. The
				  information provided on the form will be used to determine the eligibility of
				  the applicant to receive a Federal Stafford Loan. The applicant shall complete
				  the loan application, which includes the affidavit in which the applicant
				  agrees to use the loan proceeds solely for educational expenses. The applicant
				  shall also read, sign and date the promissory note that is part of the loan
				  application form. After completing the loan application, including the
				  promissory note, the applicant shall retain a copy of the form and forward the
				  remaining copies of these forms as referenced on the form.
(b)
Educational institution
.
				  The institution shall certify the loan application according to instructions
				  provided by the Agency.
(c)
Processing by the Agency
. The Agency will check the
				  application/promissory note form for completeness. If not complete, the Agency
				  will obtain from the applicant the missing data items.
(d)
Completion of
				  processing
. Upon receipt of missing information, the Agency will
				  complete the processing of the loan application and determine the amount of
				  loan assistance the applicant is entitled to obtain. The Agency will then
				  inform the lender of the amount of the guaranty by sending the lender a Loan
				  Guaranty Notice and Disclosure Statement.
(e)
Action by lender
. The
				  lender shall provide the applicant with a copy of the Loan Guaranty Notice and
				  Disclosure Statement and disburse the funds by means of a check or electronic
				  funds transfer. If the lender does not wish to make the loan, the lender shall
				  mark denied on the Loan Guaranty Notice and Disclosure Statement or report the
				  denial by the computer terminal. An adverse action notice shall be provided to
				  the borrower by the lender if loan assistance is denied.
The provisions of this §
												121.61 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.62 - Lender eligibility

Current through Register Vol. 54, No. 28, July 13, 2024
A bank, Federal or State savings and loan association,
					 mutual savings bank, Federal or State credit union or other lender, approved by
					 the United States Secretary of Education and by the Agency which executes a
					 Lender Participation Agreement with the Agency shall become an eligible
					 lender.
The provisions of this §
												121.62 issued under act of July
						12, 1981 (P. L. 264, No. 89) (24 P. S. §§
													5102.1 and
						5104(1.2)).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.64 - Loan insurance premium

Current through Register Vol. 54, No. 28, July 13, 2024
A student borrower shall, at the option of the Agency, pay
					 to the lender, at the time the student borrower obtains the loan, a loan
					 insurance premium calculated as a percentage of the loan guaranty amount. The
					 percentage used may not exceed the rate mandated by Federal law and
					 regulations.
The provisions of this §
												121.64 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.65 - Federal Stafford Loan guaranty limits

Current through Register Vol. 54, No. 28, July 13, 2024
The Agency will guarantee loans to the maximum amounts
					 specified in the following table:
Additional Unsubsidized
Subsidized/
Eligibility
Unsubsidized
								Loan
for Independent Students*
Annual Loan Limits:
1st Year Undergraduate:
Full academic year
$2,625
$4,000
2/3 academic year
$1,750
$2,500
1/3 academic year
$ 875
$1,500
2nd Year Undergraduate:
Full academic year
$3,500
$4,000
2/3 academic year
Prorated**
$2,500
1/3 academic
								year
Prorated**
$1,500
3rd Year, 4th Year or 5th Year Undergraduate:
Full academic year
$5,500
$5,000
Less than full academic year
Prorated**
Prorated**
Graduate/Professional Student
$8,500
$10,000
Aggregate Limits:
Undergraduate
$46,000
Graduate/Professional
$138,500
								(includes borrowings at the undergraduate level)
* Or dependent students whose parents cannot borrow a
					 Federal PLUS loan. The amount an independent student or eligible dependent
					 student can borrow under the unsubsidized Federal Stafford Loan Program during
					 an academic year is:
(a) The amount
				  indicated in the first column minus the subsidized loan amount for which the
				  student is eligible, plus
(b) the
				  amount indicated in the second column. **Straight proration applies if the
				  final portion of the program of study is less than a full academic year. The
				  prorated loan amount must bear the same ratio to the full-academic year loan
				  amount as the remainder of the program bears to 1 academic year.
The provisions of this §
												121.65 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); sections 3 and 4 of the act of July
						12, 1981 (P. L. 264, No. 89) (24 P. S. §§
													5102.1 and
						5104(1.2)); the act of July
						18, 1974 (P. L. 483, No. 174) (24 P. S. §§
													5181-5189); the act of July 1, 1988 (P. L.
						1259, No. 155) (24 P. S. §§
													5191-5197); and
						the act of June 26, 1992 (P. L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.67 - Repayment

Current through Register Vol. 54, No. 28, July 13, 2024
(a) The repayment
				  is due as follows:
(1) A loan is due for
				  repayment when the student borrower has ceased to be enrolled on at least a
				  half-time basis at an approved school for 9 consecutive months in the case of:
(i) A loan issued to a borrower for a period
				  of enrollment that began prior to January 1, 1981.
(ii) A loan issued to a borrower for a period
				  of enrollment beginning on or after January 1, 1981 if the borrower on the date
				  the loan is disbursed has a loan guaranteed and outstanding under Title IV,
				  Part B of the Higher Education Act of 1965 (Pub. L. No. 89-329, 79 Stat. 1219)
				  for an enrollment period that began prior to January 1, 1981.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.68 - Borrowers on probation

Current through Register Vol. 54, No. 28, July 13, 2024
A student borrower placed on academic or disciplinary
					 probation shall remain eligible for a State loan guaranty if the institution of
					 higher learning permits him to continue his studies on at least a half-time
					 basis.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.69 - Cancelled debt

Current through Register Vol. 54, No. 28, July 13, 2024
The indebtedness of a borrower who dies, who becomes
					 totally and permanently disabled, whose loans are discharged in bankruptcy, who
					 is enrolled at an institution that closes or who has his eligibility to borrow
					 falsely certified by the institution, shall be cancelled upon the acceptance of
					 proper documentation by the lender or holder of the loan.
The provisions of this §
												121.69 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.70 - Default

Current through Register Vol. 54, No. 28, July 13, 2024
Except as otherwise provided in §
										121.67 (relating to repayment), a
					 note shall be declared in default at the following times:
(1) One hundred and eighty days, or as
				  otherwise established by the Agency to comply with Federal statutes or
				  regulations, after the date on which a monthly payment was scheduled to be made
				  by a student borrower under a repayment schedule, if the borrower fails to make
				  the monthly payment within 180 days of its due date, or as otherwise
				  established by the Agency to comply with Federal statutes or
				  regulations.
(2) Two hundred forty
				  days, or as otherwise established by the Agency to comply with Federal statutes
				  or regulations, after the date on which a quarterly payment of nonsubsidized
				  interest was scheduled to be made by a student borrower under a quarterly
				  interest repayment schedule, if the borrower fails to make the quarterly
				  payment within 240 days of its due date, or as otherwise established by the
				  Agency to comply with Federal statutes or regulations.
The provisions of this §
												121.70 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.71 - Year Abroad Program

Current through Register Vol. 54, No. 28, July 13, 2024
A student borrower shall be eligible for a State loan
					 guaranty for a Year Abroad Program, which shall provide the borrower with the
					 equivalent credit for the academic term or terms involved in the program as he
					 would earn at the approved institution of higher learning, and which requires
					 the borrower to pay his educational costs to the approved institution of higher
					 learning.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter C - FEDERAL STAFFORD LOAN PROGRAMS › Section 121.72 - Loan residency

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A
				  student applicant shall be a resident of this Commonwealth at the time the
				  student applies for a Federal Stafford Loan or to renew a loan guaranty.
				  Establishment of residency may be based upon any one of the following:
(1) A student applicant who is under 18 years
				  of age at the time the student applies for a Federal Stafford Loan or to renew
				  a loan guaranty shall have a supporting parent or guardian who has been a bona
				  fide domiciliary of this Commonwealth for at least 30 days immediately
				  preceding the date of receipt by the Agency of the loan guaranty application or
				  renewal application.
(2) A student
				  applicant who is 18 years of age or older at the time the student applies for a
				  Federal Stafford Loan or to renew the guaranty shall have been a bona fide
				  domiciliary of this Commonwealth for at least 30 days immediately preceding the
				  date of receipt by the Agency of the loan guaranty application or renewal
				  application.
(3) A student
				  applicant who is accepted for enrollment in or is attending an approved
				  institution of higher education located in this Commonwealth is considered a
				  bona fide domiciliary of this Commonwealth except in cases where the student is
				  enrolled in a correspondence (home study) course, in which case the student
				  shall be a bona fide domiciliary of this Commonwealth as described in
				  paragraphs (1) and (2).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter D - MATCHING FUNDS PROGRAM › Section 121.81 - Purpose of the Program

Current through Register Vol. 54, No. 28, July 13, 2024
The purpose of the Matching Funds Program is to assist
					 Pennsylvania institutions of higher learning and Pennsylvania students
					 attending an approved institution of higher education in securing or
					 distributing Federal funds or other funds to be used by the institutions, the
					 Agency or other entities approved by the Agency as financial aid to students in
					 meeting their costs of attendance at the institution of higher
					 learning.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter D - MATCHING FUNDS PROGRAM › Section 121.82 - Participation agreement

Current through Register Vol. 54, No. 28, July 13, 2024
Each participating institution shall execute through its
					 authorized representative an Agreement with the Agency which shall contain
					 procedural and accounting requirements to insure auditable records are
					 maintained.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.111 - Application of existing Agency regulations

Current through Register Vol. 54, No. 28, July 13, 2024
Those Agency higher education grant regulations contained
					 in Subchapters A and B (relating to general provisions; and Higher Education
					 Grant Program) applies to applicants in the POW/MIA's Education Program except
					 those regulations which are inconsistent with this
					 Subchapter.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.112 - Qualified dependents

Current through Register Vol. 54, No. 28, July 13, 2024
An applicant shall be a qualified dependent in order to be
					 eligible for assistance under this program. A qualified dependent is defined as
					 the child of a member of the United States Armed Services who served on active
					 duty after January 31, 1955 and who has been or is a prisoner of war or is
					 reported as missing in action and was a domiciliary of the Commonwealth for at
					 least 12 consecutive months immediately preceding his service on active duty.
					 Qualified dependents shall not include the child of any such member of the
					 United States Armed Services who deserted, defected to the enemy, or who has
					 otherwise been released or discharged under other than honorable
					 conditions.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.113 - Approved program of study

Current through Register Vol. 54, No. 28, July 13, 2024
An applicant shall be enrolled in an approved program of
					 study in order to be eligible for assistance under this program. An approved
					 program of study is defined as any undergraduate degree or nondegree program of
					 at least one academic year in duration. An academic year is defined as 24
					 semester credits or its equivalent at a degree institution and at least 900
					 clock hours at a business, trade or technical school.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.114 - Enrollment

Current through Register Vol. 54, No. 28, July 13, 2024
An applicant shall be enrolled on at least half-time basis
					 in order to be eligible for assistance under this program. Half-time enrollment
					 shall be defined as 6 credit hours per semester or its equivalent at a degree
					 granting institution and 225 clock-hours of instruction per semester or its
					 equivalent at a business, trade or technical school.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.115 - Approved institutions

Current through Register Vol. 54, No. 28, July 13, 2024
An applicant shall be enrolled at an institution approved
					 by the Agency for participation in the basic State Higher Education Grant
					 Program and those institutions offering 1-year programs which, but for the lack
					 of approved 2-year programs, would be eligible institutions in the basic State
					 Higher Education Grant Program.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.116 - Determination of financial need

Current through Register Vol. 54, No. 28, July 13, 2024
An applicant shall demonstrate financial need in order to
					 be eligible for assistance under the Program. Determination of financial need
					 shall be made in accordance with Agency procedures and without regard to the
					 financial status of the parents or the scholastic achievement test score of the
					 applicant.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.117 - Submission of applications

Current through Register Vol. 54, No. 28, July 13, 2024
Applications from qualified dependents will be accepted and
					 processed by the Agency if received prior to April 1 of the academic year,
					 subject to the availability of funds.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter F - POW/MIA's EDUCATION PROGRAM › Section 121.118 - Concurrent higher education grants prohibited

Current through Register Vol. 54, No. 28, July 13, 2024
A student may not receive concurrent higher education
					 grants under the act of January 25, 1966 (P. L. 1546, No. 541) (24 P. S. §§
											5151-5159); act of October 11, 1972 (P. L.
					 899, No. 213) (24 P. S. §§
											5161-5163); and the Veterans' Education Act
					 of 1971 (24 P. S. §§
											5171-5174).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter G - INSTITUTIONAL ASSISTANCE GRANTS PROGRAM › Section 121.121 - Application of existing Agency regulations

Current through Register Vol. 54, No. 28, July 13, 2024
The Agency higher education grant regulations contained in
					 Subchapters A, B and F (relating to general provisions; Higher Education Grant
					 Program; and POW/MIA's Education Program) apply to the determination of
					 eligible recipients for the accounting of funds to be disbursed to each
					 eligible institution of higher learning in the Institutional Assistance Grants
					 Program, except those regulations which are inconsistent with this
					 subchapter.
The provisions of this §
												121.121 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter G - INSTITUTIONAL ASSISTANCE GRANTS PROGRAM › Section 121.123 - Determination of institutional assistance grants

Current through Register Vol. 54, No. 28, July 13, 2024
(a) Institutional assistance grants,
				  established by dividing the total funds available for institutional grants in
				  this program by the number of Pennsylvania State grant recipients certified to
				  the Agency by the participating institutions, will be paid to an eligible
				  institution in either a lump sum or in installments at the discretion of the
				  Agency. The institutional assistance grants shall be in a number equal to the
				  number of full-time equivalent students receiving assistance from the
				  Pennsylvania Higher Education Grant Program or the POW/MIA's Education Program
				  certified as enrolled during the academic year except those intra-year transfer
				  students from any other eligible institution. The following are examples:
(1) If a student enrolls in eligible
				  institution A, the institution shall receive an institutional assistance grant
				  by reason of the enrollment if, as of the date of the Eligibility Certification
				  Listing, the student either had been enrolled at least half time for at least
				  one complete semester, trimester or quarter of the academic year or is enrolled
				  at least half time for the current semester, trimester or quarter.
(2) If a student enrolls in eligible
				  institution B during the academic year as a transfer student from an
				  institution other than an eligible institution, institution B shall receive an
				  institutional assistance grant by reason of the enrollment if, as of the date
				  of the Eligibility Certification Listing, the student had been enrolled at
				  least half time for at least one complete semester, trimester or quarter of the
				  academic year or is enrolled at least half time for the current semester,
				  trimester or quarter.
(3) If a
				  student enrolls in eligible institution B during the academic year as a
				  transfer student from eligible institution A, institution B will not receive an
				  institutional assistance grant during the academic year if by reason of the
				  student's enrollment an institutional assistance grant has been paid or will be
				  paid to eligible institution A by reason of the student's previous enrollment
				  in institution A during the same academic year.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter G - INSTITUTIONAL ASSISTANCE GRANTS PROGRAM › Section 121.124 - Participation agreement

Current through Register Vol. 54, No. 28, July 13, 2024
(a)
				  Each participating institution shall execute through its authorized
				  representative an Agreement with the Agency which shall contain the following:
(1) Assurance that auditable records are
				  maintained.
(2) Assurance against
				  discrimination of any Commonwealth resident applicant for admission because the
				  applicant does not apply or qualify for assistance under the Pennsylvania
				  Higher Education Grant Program or the POW/MIA's Education Program.
(3) Assurance that institutional assistance
				  grant moneys will only be used for, or in connection with, expenses incurred
				  for educational costs other than expenses for sectarian and denominational
				  instruction, the construction or maintenance of sectarian and denominational
				  facilities, or for any other sectarian and denominational purpose or
				  activity.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.132 - Lender eligibility

Current through Register Vol. 54, No. 28, July 13, 2024
A bank, Federal or State savings and loan association,
					 mutual savings bank, Federal or State credit union or other approved lender
					 which executes a Lender Participation Agreement with the Agency and an
					 Agreement for Participation in the guaranteed loan program with the United
					 States Secretary of Education shall become an eligible
					 lender.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.134 - Loan insurance premium

Current through Register Vol. 54, No. 28, July 13, 2024
A borrower shall, at the option of the Agency, pay to the
					 lender, at the time the borrower obtains the loan, a loan insurance premium
					 calculated as a percentage of the loan guaranty amount. The percentage used
					 cannot exceed the rate mandated by Federal law and
					 regulations.
The provisions of this §
												121.134 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.135 - Federal PLUS Loan guaranty limits

Current through Register Vol. 54, No. 28, July 13, 2024
The Agency will guarantee a Federal PLUS Loan for the
					 difference between cost minus other financial assistance.
The provisions of this §
												121.135 issued and amended under
						section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.137 - Repayment

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A Federal PLUS
				  Loan is due for repayment within 60 days of the date of the final disbursement
				  of the loan.
(b) A borrower shall
				  repay in substantially equal monthly installment payments at least $600 per
				  year, including principal and interest. If the total of the insured loans would
				  not be repaid in less time with minimum payments of $600 per year, the
				  repayment schedule shall provide for repayment in not less than 5 years, nor
				  more than 10 years. The lender and the borrower may agree to monthly payments
				  of less than $50 over not more than a 10-year repayment schedule.
(c) Upon proper notice to the lender,
				  repayment of principal may be deferred in accordance with, and during periods
				  specified in, the Higher Education Act of 1965 (Pub. L. No. 89-329, 79 Stat.
				  1219) and Federal regulations based on this act. The borrower is responsible
				  for the interest that accrues during any period principal repayment is
				  deferred.
The provisions of this §
												121.137 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
This section cited in 22 Pa. Code §
												121.140 (relating to default); and
						22 Pa. Code §
												121.142 (relating to
						co-maker/co-signer).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.138 - Student on probation

Current through Register Vol. 54, No. 28, July 13, 2024
A student borrower or a student for whom a parent has
					 borrowed placed on academic or disciplinary probation shall remain eligible for
					 a PLUS/Supplemental Loans for Students loan guaranty if the institution of
					 higher learning permits the student to continue studies on at least a half-time
					 basis.
The provisions of this §
												121.138 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); and section 1 of the act of January
						25, 1966 (P. L. 1546, No. 541) (24 P. S. §
													5151).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.139 - Cancelled debt

Current through Register Vol. 54, No. 28, July 13, 2024
The obligation to repay the indebtedness of a Federal PLUS
					 Loan borrower who dies, who becomes totally and permanently disabled, whose
					 loans are discharged in bankruptcy or who has his eligibility to borrow falsely
					 certified by the school, shall be cancelled upon the acceptance of proper
					 documentation by the lender or holder of the loan. The obligation to repay the
					 indebtedness of a Federal PLUS Loan borrower shall be cancelled upon the
					 acceptance of proper documentation by the lender or holder of the loan of the
					 death of the student on whose behalf the parent borrowed the Federal PLUS Loan
					 or closure of the school at which the student on whose behalf the parent
					 borrowed the Federal PLUS loan is enrolled.
The provisions of this §
												121.139 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
This section cited in 22 Pa. Code §
												121.142 (relating to
						co-maker/co-signer).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.140 - Default

Current through Register Vol. 54, No. 28, July 13, 2024
Except as otherwise provided in §
										121.137 (relating to repayment), a
					 note shall be declared in default at the following times:
(1) One hundred eighty days after the date on
				  which a monthly payment was scheduled to be made by the borrower under a
				  repayment schedule, if the borrower fails to make the monthly payment within
				  180 days after its due date.
(2)
				  Two hundred forty days after the date on which a quarterly payment of interest
				  was scheduled to be made by the borrower under a quarterly interest payment
				  schedule, if the borrower fails to make the quarterly payment within 240 days
				  after its due date.
The provisions of this §
												121.140 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.141 - Loan residency

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A
				  parent applicant shall, at the time the parent applies for a Federal PLUS Loan
				  or to renew a Federal PLUS Loan guaranty, be a resident of this Commonwealth.
				  The parent applicant, to be considered a resident of this Commonwealth, shall
				  be the parent of a student who is accepted for enrollment in or is attending an
				  approved institution of higher education located in this Commonwealth. In the
				  case of the parent of a student who is enrolled in or attending a
				  non-Pennsylvania school or participating in a correspondence (home study)
				  course through a Pennsylvania institution, the parent applicant shall be a bona
				  fide domiciliary of this Commonwealth for at least 30 days immediately
				  preceding the date of receipt by the Agency of the Federal PLUS Loan
				  application to obtain a loan for such a student.
(b) For purposes of determining domicile, a
				  guardian is:
(1) A person appointed by a
				  court.
(2) A person other than a
				  parent with whom the applicant has lived and in whose continuous direct care
				  and control the applicant has been for at least 2 years.
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter H - FEDERAL PLUS PROGRAM › Section 121.142 - Co-maker/co-signer

Current through Register Vol. 54, No. 28, July 13, 2024
(a)
Co-makers.
Two eligible borrowers may take out one loan on
				  behalf of one student under the Federal PLUS Loan Program. As co-makers, both
				  borrowers shall meet the eligibility criteria, both borrowers are equally
				  liable for the repayment of the loan and both must qualify in order for any
				  special benefits associated with the loan, such as deferment or cancellation,
				  to be received.
(b)
Co-signers.
A borrower may have another party as a co-signer
				  to a Federal PLUS Loan. The borrower assumes the primary liability and is fully
				  responsible for repaying the debt. The co-signer is secondary liable. Only if
				  the person with primary liability fails to honor the repayment obligation shall
				  the lender attempt to collect from the co-signer. The co-signer does not have
				  to be an eligible borrower. If the borrower qualifies for a deferment under §
										121.137 (relating to repayment) or
				  cancellation under §
										121.139 (relating to cancelled
				  debt), the loan is deferred or cancelled. A co-signer who signs the Federal
				  PLUS Loan Promissory Note is not eligible for deferment or
				  cancellation.
The provisions of this §
												121.142 amended under section 4 of
						the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. §
													5104); section 1 of the act of January 25,
						1966 (P. L. 1546, No. 541) (24 P. S. §
													5151); the act of July 18, 1974 (P. L. 483,
						No. 174) (24 P. S. §§
													5181-5189); the
						act of July 1, 1988 (P. L. 1259, No. 155) (24 P. S. §§
													5191-5197); and the act of June 26, 1992 (P.
						L. 322, No. 64) (24 P. S. §§
													5198.1-5198.7).
Pennsylvania Code › Title 22 - EDUCATION › Part VIII - Higher Education Assistance Agency › Chapter 121 - STUDENT FINANCIAL AID › Subchapter I - SCHOLARS IN EDUCATION AWARD PROGRAM AND LOAN FORGIVENESS PROGRAM › Section 121.151 - Application of existing Agency regulations

Current through Register Vol. 54, No. 28, July 13, 2024
(a) The following higher education grant
				  regulations contained in Subchapters A and B (relating to general provisions;
				  and Higher Education Grant Program) shall apply to applicants in the Scholars
				  in Education Award Program except those provisions which are inconsistent with
				  this subchapter:
(1) Section
				  121.1-Definitions.
(2) Section
				  121.3 -Discrimination
				  prohibited.
(3) Section
				  121.4(a) -Denial
				  of eligibility to loan defaulters.
(4) Section 121.5(b)-Enrollment.
(5) Section
				  121.6 -Denial of eligibility for
				  financial assistance.
(6) Section
				  121.7 -Notice of denial and
				  preliminary review procedures.
(7)
				  Section 121.8 -Applicant and recipient
				  appeals and hearings.
(8) Section
				  121.21 -Requirement for Higher
				  Education Grant applicants.
(9)
				  Section 121.22 -Early admission
				  students.
(10) Section
				  121.32 -Approved institutions in
				  Higher Education Grant Program.
(11) Section
				  121.33 -Approved program of study
				  in Higher Education Grant Program.
(12) Section
				  121.34 -Institutional appeals and
				  hearings (for other than the Federal Family Education Loan Programs).
(13) Section
				  121.48 -Limitation on payments of
				  grants.
(14) Section
				  121.49 -Duration of State Higher
				  Education Grants.
(15) Section
				  121.50 -Disbursement of State
				  Higher Education Grants.
(16)
				  Section 121.51 -Refund of State Higher
				  Education Grants.
(17) Section
				  121.52 -Transferring an
				  award.
(18) Section
				  121.53-Forfeiture of award.
(19)
				  Section 121.54-Deferment of award.
(20) Section
				  121.56 -Year Abroad
				  Program.
(21) Section
				  121.57 -Higher Education Grant
				  domicile.