3332-1-11 Scholarships and institutional grants.

 

3332-1-11                    Scholarships and institutional grants.

 

 

 

(A)   Institutional scholarship award plans provided and administered by the school must be approved by the board, prior to the awarding of any scholarships by the school. All scholarship awards will be chosen by a committee of persons who are not employed by the school. The names of scholarship applicants will not be released to the school without board approval. The scholarship plan must be printed in the school catalog or bulletin and will provide the following information.

 

(1)  Name of the scholarship award.

 

(2)   Number of awards available during each session or term.

 

(3)   Value of the scholarship.

 

(4)   Eligibility requirements for the award.

 

(5)   Application dates and deadlines.

 

(6)   How the scholarship will be awarded (tuition credit, cash, book credit, etc.).

 

(7)     Whether  the  scholarship  can  be  renewed,  and  if  so,  the  requirements  for renewal.

 

(8)   The source of the scholarship. Whether it is funded by the school, an outside entity or other source.

 

(B)Institutional grant award plans provided and administered by the school must be approved by the board, prior to the awarding of any institutional grants by the school. Institutional grants are school sponsored financial awards available only to enrolled students who have successfully completed at least one academic term at the school. The institutional grant plan must be printed in the school catalog or bulletin and will provide the following information:

 

(1) Terms that govern the awarding of institutional grants.

 

(2) Value of the grant

 

(3) Eligibility requirements for the grant

 

 

3332-1-11                                                                                                                              2

(4) How the grant will be awarded (tuition credit, cash, book credit, etc.).

(5) Whether the grant can be renewed, and if so, the requirements for renewal.

(B)(C) A school must file a written scholarship or grant plan with the board. The board may approve a school's scholarship or grant award plans if the plans are consistent with the scholarship and grant polices policy of an accrediting agency that is recognized by the United States department of education, providing the plans are not in conflict with any portion of these rules or any federal, state or local statute. However, a school must file a written scholarship plan and/or policy with the board.

(C)(D) In the event that a school fails to follow a scholarship or grant plan as approved by the board, the board may, upon a written notice, revoke the school's authorization for issuance of scholarships or grants. The Board may also take other punitive action if the violation warrants such action.

(D) All scholarship awards will be chosen by a committee of persons who are not employed by the school. The names of the scholarship applicants will not be released to the school.

Effective:                                10/1/2002

R.C. 119.032 review dates:    6/25/2002 and 03/25/2003

CERTIFIED ELECTRONICALLY

Certification

09/18/2002 10:32 AM

Date

Promulgated Under:   119.03

Statutory Authority:   3332.031

Rule Amplifies:           3332.031

Prior Effective Dates: 12/1/70, 4/16/90 (emer.),

7/12/90, 10/14/94.