(A) The criteria that must be met in order for an applicant to qualify for a tier one scholarship commitment are as follows:
(1) The applicant must be a minority student, defined in paragraph (A) of rule 4701-17-01 of the Administrative Code, or 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 be of junior or senior standing as defined by the Ohio college or university. An applicant may apply for a scholarship commitment more than once, but the applicant cannot receive more than one scholarship grant.
(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 (H) of rule 4701-17-01 of the Administrative Code.
(B) The Ohio college or university must certify on the commitment application that the applicant meets the eligibility criteria outlined in paragraph (A) of this rule.
(C) Tier one scholarship commitments made to seniors are valid for three years from the date of the award. Tier one scholarship commitments made to juniors are valid for four years from the date of the award.
R.C. 119.032 review dates: 06/07/2010 and 08/22/2015
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 9/19/94, 3/19/98, 1/1/99, 9/23/99, 5/7/03, 7/31/03, 1/16/07