16.2501 Definitions.

Cite as [A.S.C.A. § 16.2501]

As used in this chapter unless the context otherwise requires:

(a) “Board” means the Student Financial Aid Board.

(b) “Education costs” means those costs of a student’s tuition, laboratory fees, books and supplies, room and board, and college-offered health or hospital insurance coverage.

(c) “Education institution” means an accredited institute of higher learning.

(d) “Financial aid” means a scholarship, grant, loan, or any other monetary assistance provided by the board for postsecondary education pursuant to this chapter.

(e) “Financial need” means need for financial assistance as defined in the federal law at 20 U.S.C. § 1089, as amended, and as further defined by or qualified in the Code of Federal Regulations.

(f) “Full-time student” means a student attending an educational institution taking not less than 12 credit hours per academic term or semester.

(g) “Scholastic achievement” means the results of competitive college entrance examinations. TOEFL the student’s cumulative G.P.A. and other special academic projects completed by the student while attending a secondary educational institution.

(h) “Student” means a person enrolled and regularly pursuing studies at an educational institution.

History: 1982, PL 17-36 § 3; amd 1985, PL 19-34 § 1.

Amendments: 1985 Subsection (e). added.

Subsection (f) relettered from former subsection (e).

Subsection (s): added.

Subsection (Ii) relettered from former subsection (g).