N.H. Code Admin. R. Csp 602.01 - Allocations to Participating Institutions
(a)
The commission shall allocate funds to eligible institutions based on the
distribution formula, which is recalculated each November and used to determine
the initial institutional allocations for the subsequent fiscal year.
(b) The commission shall determine annually,
the total amount available for initial and subsequent allocation in the
upcoming fiscal year, the maximum EFC, the date of receipt of the Free
Application for Federal Student Aid (FAFSA) by the federal processor and the
amount of the individual student award.
(c) Initial institutional allocations shall
be distributed in July of each fiscal year.
(d) The distribution formula, as calculated
by the commission, shall be based on the total full-time equivalent (FTE)
undergraduate enrollment of New Hampshire residents, as reported by the
eligible institution on or before November 1st.
(e) Total FTE undergraduate New Hampshire
resident enrollment shall be calculated by adding the full-time undergraduate
New Hampshire resident enrollment to the total part-time FTE undergraduate New
Hampshire resident enrollment. The part-time enrollment figure is multiplied by
a factor used by the U.S. Department of Education's National Center for
Educational Statistics (NCES), as defined by the glossary for the IPEDS
surveys, to compute the FTE for the part-time enrollment figure.
(f) The participating institution's initial
allocation distribution percentage shall be determined by dividing the
institution's total FTE undergraduate New Hampshire enrollment by the sum of
the FTEs of all participating institutions.
(g) Each participating institution's initial
allocation shall be equal to the institution's distribution percentage
multiplied by the total funds available for initial distribution.
(h) Additional funds requested pursuant to
Csp
601.05(c) and approved by the
commission shall be paid by June 30 of the fiscal year for which an initial
allocation has been distributed.
Notes
#7339, eff 8-3-00; ss by #8622, eff 5-4-06; ss by #9220, eff 8-01-08
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