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Ohio Administrative Code (Last Updated: January 12, 2021) |
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4701 Accountancy Board |
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Chapter4701-17. Scholarships |
4701-17-02. Scholarship eligibility criteria
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(A) The criteria that must be met in order for an applicant to qualify for a scholarship are as follows:
(1) The applicant must be a student demonstrating financial need. The board will set the criteria for defining financial need and may use the federal methodology as established in the "Free Application for Federal Student Aid (FAFSA)" to assist it in determining such criteria.
(2) The applicant must be enrolled as a student in an Ohio college or university.
(3) The applicant must have completed one hundred twenty semester credit hours prior to the college term for which the first payment is to be received.
(4) The applicant must have declared a major in accounting or be enrolled in a program that, upon completion, would meet the educational requirements described in division (D)(1)(b) of section 4701.06 of the Revised Code and rule 4701-3-03 of the Administrative Code.
(5) The applicant must be a student who is academically in good standing as defined by the Ohio college or university.
(6) The applicant is an Ohio resident as defined in paragraph (F) of rule 4701-17-01 of the Administrative Code.
(7) Additionally, an eligible recipient may be a person enrolled in a program that supports CPA development and recruitment, or CPA career awareness programs that have been approved by the board.
(B) If the applicant qualifies for more than one grant payment, the applicant must submit with each subsequent payment request, the passing grades earned in the preceding term for which a grant payment was received.