The following words and terms, when used in this chapter, shall
have the following meanings, unless the context clearly indicates
otherwise:
(1) Cost of attendance--An estimate of the expenses
incurred by a typical financial aid student in attending a particular
college or university. It includes direct educational costs (tuition,
fees, books, and supplies) as well as indirect costs (room and board,
transportation, and personal expenses).
(2) Expected family contribution--The amount of discretionary
income that should be available to a student from his or her resources
and that of his or her family, as determined by the US Department
of Education Definition of Expected Family Contribution.
(3) Financial need--The cost of attendance at a particular
public or private institution of higher education less the expected
family contribution. The cost of attendance and family contribution
are to be determined in accordance with board guidelines.
(4) Gift Aid--Educational funds from state, federal,
and other sources, such as grants, that do not require repayment from
present or future earnings. Assistantships and work-study programs
are not considered to be gift aid.
(5) Half-time student--For undergraduates, not in their
final semester, who are enrolled or are expected to be enrolled for
the equivalent of at least six but not more than nine semester credit
hours. For graduate students, not in their final semester, who are
enrolled or are expected to be enrolled for the equivalent of 4.5
but not more than six semester credit hours.
(6) Institution--Public and private or independent
institutions of higher education as defined in Texas Education Code, §61.003.
(7) Period of enrollment--The term or terms within
the current state fiscal year (September 1 - August 31) for which
the student was enrolled in an approved institution and met all the
eligibility requirements for an award through the program described
in this chapter.
(8) Program Officer--The individual named by each participating
institution's chief executive officer to serve as agent for the board.
The program officer has primary responsibility for all ministerial
acts required by the program, including maintenance of all records
and preparation and submission of reports reflecting program transactions.
Unless otherwise indicated by the administration, the director of
student financial aid shall serve as program officer.
(9) Resident of Texas--A resident of the State of Texas
as determined in accordance with 19 TAC Part 1, Chapter 21, Subchapter
B (relating to Determination of Resident Status). Nonresident students
who are eligible to pay resident tuition rates are not residents of
Texas.
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Source Note: The provisions of this §520.2 adopted to be effective December 9, 2009, 34 TexReg 8727; amended to be effective February 9, 2011, 36 TexReg 547; amended to be effective April 10, 2013, 38 TexReg 2224; amended to be effective February 8, 2017, 42 TexReg 428 |