R623-1 Purpose: Require applicants for certain state scholarships to complete the Free Application for Federal Student Aid to ensure applicants have leveraged all available federal financial aid to cover the cost of higher education, provide instruction for applicants to opt out of the requirements of this policy and provide instructions to financial aid officers.
3.1 Free Application for Federal Student Aid (FAFSA) The financial reporting forms used for application and reapplication to determine the need and eligibility of a student for financial assistance as described in 20 USC 1089.
4.1 Institutions shall require applicants for the following scholarships to complete the FAFSA to the extent that it will benefit an individual student’s ability to maximize financial aid opportunities:
4.1.1 Terrel H. Bell Education Scholarship Program—Board Policy R621
4.1.2 New Century Scholarship—Board Policy R604
4.1.3 Higher Education Success Stipend Program—Board Policy R605
4.1.4 Veterans Tuition Gap Program—Board Policy R611
4.1.5 Career and Technical Education Scholarship Program—Board Policy R622
4.2 Applicant Opt Out: An applicant may opt out of the requirement to complete the FAFSA due to:
4.2.1 Financial ineligibility for any potential grant or other financial aid;
4.2.2 Personal privacy concerns; or
4.2.3 Advice of the institution based on its assessment of the factors that may impact a student’s ability to access maximum financial aid opportunities.
4.3 Institution advisors shall, to the extent practicable, encourage all of students to annually complete the FAFSA.
4.4 Institutions shall ensure staff and faculty who advise students on financial aid are properly trained on the benefits of completing the FAFSA.
Adopted May 15, 2020