SECTION 610:25-33-6. Fiscal Policies

Latest version.
  • (a)   Students may be awarded additional state-supported financial aid, such as fee waiver scholarships and Oklahoma Tuition Aid Grants, but not in excess of the student's cost of attendance as determined by the institution consistent with regulations for federal financial aid.
    (b)   Students may accept scholarships and grants from non-state sources.
    (c)   A student may be awarded a scholarship for up to 8 semesters of study in a baccalaureate program at a regional university or until the student is granted a baccalaureate degree, whichever occurs first.
    (d)   The allocation of appropriated funds to the regional university shall be on the student's behalf and shall contain appropriate restrictions and conditions that such monies be expended only for the purposes authorized.
    (e)   Subject to approval by the Chancellor and contingent upon sufficient program funding, if a student fails to meet the requirements for continued eligibility, the university may award the remainder of the student's scholarship to another qualified student.
    (f)   Unused scholarship awards may be reallocated by the Chancellor to other universities. The reallocation of the unused scholarship funds shall be on the basis of the number of qualified students.
[Source: Added at 21 Ok Reg 1433, eff 5-27-04; Amended at 27 Ok Reg 1281, eff 5-27-10]