173.053. Board to request appropriations based on number of students receiving Pell grants--rulemaking authority.

MISSOURI STATUTES AND CODES

173.053. Board to request appropriations based on number of students receiving Pell grants--rulemaking authority.

Board to request appropriations based on number of students receivingPell grants--rulemaking authority.

173.053. 1. The coordinating board for higher educationshall determine the number of students receiving a maximum Pellgrant in each Missouri public two-year and four-year college anduniversity in fiscal year 1988.

2. Based on the enrollment numbers established in subsection1 of this section, the coordinating board shall request insubsequent fiscal years an appropriation based on the criteriaestablished in subsection 3 of this section. In determining thenumber of students receiving a maximum Pell grant, only studentsmeeting the following criteria shall be included. Such studentsshall:

(1) Apply for and be eligible for a maximum Pell grant;

(2) Be in-state students;

(3) Maintain satisfactory academic progress;

(4) Not receive more than one thousand dollars annually inguaranteed student loans; and

(5) Not receive a Missouri student grant.

3. To be eligible to receive appropriations, publicinstitutions shall:

(1) Increase the number of students meeting the criteriaestablished in subsection 2 of this section at a percentageestablished annually by the coordinating board;

(2) Document in-state status of such students and submitacademic progress policies related to such students to thecoordinating board.

4. The coordinating board shall, in consultation with theheads of the public two-year and four-year colleges anduniversities, establish a formula based on the cost ofinstruction to reimburse public institutions for a portion of thecost of increasing the number of students meeting the criteriaestablished in subsection 2 of this section.

5. The coordinating board shall, in consultation with theheads of the public two-year and four-year colleges anduniversities, establish rules and regulations on theparticipation of part-time undergraduate students enrolled in adegree or certificate granting program.