IMPORTANT! This notification is to inform you of upcoming changes that may impact the award eligibility for recipients of the Educational Assistance (EA) Grant, Guaranteed Access (GA) Grant and Campus-Based Educational Assistance Grant (CB-EAG). Programs. During the 2016 Legislative Session, the College Affordability Act of 2016 (Chapters 689 and 690) was enacted, requiring students that are recipients of the EA, GA, and CB-EAG grant to successfully complete at least 30 credit hours by the end of the students’ second academic year in order to receive full (non-prorated) State funding in the subsequent year.
This means that students who received an EA, GA, or CB-EAG award for at least two years since the 2015-2016 academic year must meet certain Credit Completion Requirements in order to receive their renewal award for the upcoming 2018-2019 academic year and thereafter.
Below are the key
things to remember as it pertains to the renewal process for the EA and GA Programs
and ensuring you’re on the FAST TRACK to FINISH:
- Students that received a GA, EA, and/or CB-EAG award for at least two years since the 2015-2016 academic year must successfully complete at least 30 credits in their most recent year of receiving the award in order to receive full (non-prorated) eligibility of your State grant award in the upcoming 2018-2019 award year and thereafter.
- Credits earned in the fall, spring, summer semesters, all count towards the 30 credits.
- If a student successfully completed at least 24 credits but less than 30 credits at the end of the second academic year and thereafter, their awards for either the EA or GA, or CB-EAG program will be prorated. For example, a student who earns 24 credits, may expect their $3,000 EA grant to be adjusted by calculating 24/30 x $3,000 for a total award of $2,400.
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While this regulation
does not take effect until the 2018-2019 school year, the decision to prorate
an award will be based on coursework that students complete in the 2017-2018
academic year. Therefore, it is important that recipients of the EA or GA grants
complete at least 30 credits at the end of their second academic year in order
to receive the full amount of EA or GA award in the 2018-2019 academic year.
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Remember: 30 Credits + MAX STATE AWARD =
On-Time COMPLETION!
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