Texas Administrative Code › Title 19 - EDUCATION › Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD › Chapter 22 - STUDENT FINANCIAL AID PROGRAMS › Subchapter B - PROVISIONS FOR THE TUITION EQUALIZATION GRANT PROGRAM › Section 22.29 - Allocation of Funds

Current through Reg. 49, No. 28; July 12, 2024
(a) Allocations for
				  the TEG Program are to be determined on an annual basis as follows:
(1) All eligible institutions will be invited
				  to participate; those choosing not to participate will be left out of the
				  calculations for the relevant year.
(2) The allocation base for each institution
				  choosing to participate will be its three-year average share of the total
				  statewide amount of the total amount of TEG funds that eligible students at an
				  approved institution could receive if the program were fully funded, subject to
				  the limits in Texas Education Code, §
											61.227(c) and
				  (e), based on the students who met the
				  following criteria:
(A) Enrollment on at least
				  a three-fourths or three-quarters basis;
(B) An Expected Family Contribution,
				  calculated using federal methodology, that results in demonstrated Adjusted
				  Gross Need greater than zero;
(C)
				  Maintain satisfactory academic progress in his or her program of study as
				  required by §
												22.24(b) of this
				  title (relating to Eligible Students);
(D) Classified as a Resident of
				  Texas;
(E) Be enrolled in an
				  approved institution in an individual degree plan leading to a first associates
				  degree, first baccalaureate degree, first master's degree, first professional
				  degree, or first doctoral degree;
(F) Not be enrolled in a degree plan that is
				  intended to lead to religious ministry;
(G) Be required to pay more tuition than is
				  required at a comparable public college or university and be charged no less
				  than the tuition required of all similarly situated students at the
				  institution; and
(H) Not be a
				  recipient of any form of athletic scholarship.
(3) The source of data used for the
				  allocations are the three most recently certified Financial Aid Database (FADS)
				  reports submitted to the Board by the institutions.
(4) A student's TEG need may not exceed the
				  least of his or her adjusted gross need, tuition differential, or the TEG
				  maximum award as set in accordance with Texas Education Code, §
											61.227(c).
(5) A student's exceptional TEG need plus TEG
				  need may not exceed the least of the student's adjusted gross need, tuition
				  differential or 150 percent of the current year's statutory TEG maximum award
				  as set in accordance with Texas Education Code, §
											61.227(c).
(6) The maximum amount of need that may be
				  recorded for any single student in the allocation calculation may not exceed
				  the sum of his or her TEG need plus his or her exceptional TEG need.
(7) The total amount allocated for an
				  institution may not exceed the sum of the individual maximum amount of need for
				  all students calculated using the sources of data outlined in paragraph (3) of
				  this subsection.
(8) Verification
				  of Data. The TEG allocation spreadsheet will be provided to the institutions
				  for review and the institutions will be given 10 working days, beginning the
				  day of the notice's distribution and excluding State holidays, to confirm that
				  the spreadsheet accurately reflects the data they submitted or to advise Board
				  staff of any inaccuracies.
(9)
				  Allocations for both years of the state appropriations' biennium will be
				  completed at the same time. For the allocations process of the second year of
				  the state appropriations' biennium, the sources of data outlined in paragraph
				  (3) of this subsection will be utilized to forecast an additional year of data.
				  This additional year of data, in combination with the two most recent years
				  outlined in paragraph (3) of this subsection, will be utilized to calculate the
				  three-year average share outlined in paragraph (2) of this subsection.
				  Institutions will receive notification of their allocations for both years of
				  the biennium at the same time.