Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 150 - VIRGINIA TWO-YEAR COLLEGE TRANSFER GRANT PROGRAM REGULATIONS › Section 8VAC40-150-10 - Definitions

Current through Register Vol. 40, No. 24, July 15, 2024
The following words and terms when used in this chapter shall
				  have the following meanings unless the context clearly indicates
				  otherwise:
"Academic year" means the enrollment period that normally
				  extends from late August to May or early June and that is normally comprised of
				  two semesters (fall and spring) or three quarters (fall, winter, and
				  spring).
"Accredited institution" means any institution approved to
				  confer degrees pursuant to Article 3 (§ 23.1-213 et seq.) of Chapter 2 of
				  Title 23.1 of the Code of Virginia.
"Approved course of study" means a curriculum of courses at
				  the undergraduate level leading to a first bachelor's degree. Programs in the
				  39.xxxx series, as classified in the National Center for Education Statistics'
				  Classification of Instructional Programs (CIP), provide religious training or
				  theological education and are not approved courses of study.
"Award" means a grant from state funds appropriated for the
				  Virginia Two-Year College Transfer Grant Program (CTG).
"Award year" means the 12-month enrollment period during
				  which a college or university holds classes, normally comprised of (i) one fall
				  semester, one spring semester, and a summer session or (ii) one fall quarter,
				  one winter quarter, one spring quarter, and a summer session. For purposes of
				  awarding funds for this program, the summer will be treated as a trailing
				  term.
"Cost of attendance" means the sum of tuition, required fees,
				  room, board, books and supplies, and other education-related expenses as
				  determined by an institution for purposes of awarding federal Title IV student
				  financial assistance.
"Council" means the State Council of Higher Education for
				  Virginia or its designated staff.
"Domiciliary resident of Virginia" means a student who is
				  determined by a participating institution to meet the eligibility requirements
				  specified by § 23.1-502 of the Code of Virginia.
"Expected family contribution" or "EFC" means the amount a
				  student and the student's family is expected to contribute toward the cost of
				  college attendance. The EFC is calculated using information provided on the
				  Free Application for Federal Student Aid. The institution may exercise
				  professional judgment to adjust the student's EFC, as permitted under federal
				  law, based on factors that affect the family's ability to pay.
"Financial need" means a maximum expected family contribution
				  of $8,000 based on a standard nine-month academic year. Beginning with students
				  who are entering a participating institution as a two-year transfer student for
				  the first time in the fall 2012 academic year, and who otherwise meet the
				  eligibility criteria of § 23.1-624 of the Code of Virginia, the maximum
				  EFC is raised to $9,000. Beginning with students who are entering a
				  participating institution as a two-year transfer student for the first time in
				  the fall 2013 academic year, and who otherwise meet the eligibility criteria of
				  § 23.1-624 of the Code of Virginia, the maximum EFC is raised to
				  $12,000.
"First-time entering freshman" means a student attending any
				  institution for the first time at the undergraduate level. Includes students
				  enrolled in the fall term who attended college for the first time in the
				  immediate prior summer term. Also includes students who entered with advanced
				  standing (college credits earned before high school graduation).
"Free Application for Federal Student Aid" or "FAFSA" means
				  the needs analysis form provided by the United States Department of Education,
				  which is completed annually by students applying for federal Title IV student
				  financial assistance and need-based financial aid programs sponsored by the
				  Commonwealth of Virginia and that results in the calculation of the expected
				  family contribution.
"Full-time study" means enrollment for at least 12 credit
				  hours per semester or its equivalent in quarter hours at the undergraduate
				  level. The total hours counted will not include courses taken for audit, but
				  may include required developmental or remedial courses and other elective
				  courses that normally are not counted toward a degree at the participating
				  institution.
"Participating institution of higher education" or
				  "participating institution" means a four-year public or private nonprofit
				  accredited institution within the Commonwealth of Virginia whose primary
				  purpose is to provide undergraduate collegiate education and not to provide
				  religious training or theological education.
"Program" means the Virginia Two-Year College Transfer
				  Grant.
"Quarter" means a division of an academic year approximately
				  10 to 11 weeks in length from the first day of classes through the last day of
				  exams for the fall, winter, and spring enrollment periods.
"Satisfactory academic progress" means acceptable progress
				  towards completion of an approved course of study as defined by the institution
				  for the purposes of eligibility under § 668 of the Federal Compilation of
				  Student Financial Aid Regulations.
"Semester" means a division of an academic year approximately
				  15 to 16 weeks in length from the first day of classes through the last day of
				  exams for the fall and spring enrollment periods.
"Student" means an undergraduate student who is entitled to
				  in-state tuition charges pursuant to § 23.1-502 of the Code of
				  Virginia.
"Summer session" means a division of an award year consisting
				  of one or more summer sessions normally extending from late May to August,
				  exclusive of the participating institution's fall, winter, and spring terms.
"Term" means the fall semester or quarter, winter quarter,
				  spring semester or quarter, or summer session.
Statutory Authority: § 23.1-623 of the Code of
					 Virginia.