13.0108 Selection criteria of financial aid awards.

Cite as [A.S.A.C. § 13.0108]

(a) On scholarships for high school graduates, the minimum scholastic achievement for scholarship awards are a TOEFL test score of 580 or SAT combined test score of 900, and a 3.6 out of 4.0 cumulative GPA. For ASCC graduates, the minimum scholastic achievement for scholarship are a cumulative GPA of 3.2, a TOEFL test score of 580 and at least 48 acceptable credit hours from an off-island educational institution. For off-island applicants, the minimum scholastic achievement for scholarship are a cumulative GPA of 2.5 and at least 48 acceptable credit hours from an off-island educational institution. The number of scholarships available each year shall be awarded according to the competitive ranking of the eligible applicants as determined by their college entrance examination test scores, TOEFL test score or SAT combined test score, and cumulative GPA. For each of the three criteria, numbers shall be assigned to each eligible applicant, based upon the number of applicants, with the highest number assigned to the first in rank. Composite averaging of the assigned members shall then be made to determine the final competitive ranking of the eligible applicants.

(b) Grants-in-aid. For college students the minimum scholastic achievement for GPA are a 3.0 out of 4.0 cumulative GPA, and at least 45 acceptable credit hours from an off-island educational institution. Grants-in aid shall be awarded according to the competitive ranking of the eligible applicants, who have chosen designated areas of study or research of particular need, as determined by their TOEFL test score or SAT combined test score, and cumulative GPA. For each of the two criteria, with respect to each designated area of study or research numbers shall be assigned to each eligible applicant, based upon the number of applicants, with the highest number assigned to the first in rank. Composite averaging of the assigned numbers shall then be made to determine the final composite ranking of the eligible applicants.

(c) Student loans. For college students the minimum requirements for applicants is that the be a full-time student in an accredited institution of higher learning, maintaining a minimum of 2.0 GPA, and parental (combined) income must be less than the poverty income level currently established by the U.S. Government; applicant must agree to begin payback two years after receiving a bachelor’s degree. Applications must include the latest tax return of the family or

legal guardians, and a listing of the number of dependents in the family. Parents or legal guardians must cosign the application.

History: Rule 40-80, eff 20 Aug 80, § 8; repealed and replaced by Rule l-88, eff 25 May 88. § 1,2.