4701-17-04 Scholarship procedure; fund balance.

(A) The following general procedures apply to scholarships:

(1) Scholarships awarded to students meeting the requirements set by rule 4701-17-02 of the Administrative Code have priority.

(2) The amount of a scholarship shall not exceed the annualized maximum in-state graduate tuition charged by a state-supported Ohio college or university.

(B) The following procedures apply to students receiving scholarships:

(1) A scholarship grant cannot be used for coursework in excess of that required by division (D)(1)(b) of section 4701.06 of the Revised Code and rule 4701-3-03 of the Administrative Code.

(2) A scholarship grant shall not exceed the maximum grant payable as determined by the board, or the student's actual tuition less any other financial aid, whichever is less.

(3) Scholarship grants may be paid out as long as a student has not met the requirements for examination as set by division (D)(1)(b) of section 4701.06 of the Revised Code or payment exceed the scholarship awarded to a student.

(C) Scholarships awarded each fiscal year may not exceed the dollar amount in the education assistance fund set forth each fiscal year.

Replaces: 4701-17-04

Effective: 12/4/2015
Five Year Review (FYR) Dates: 08/22/2020
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 3/16/98, 9/23/99, 5/4/01, 5/7/03, 7/31/03, 1/16/07, 8/22/10