American Samoa § 16.2508 - Financial aid categories.

§ 16.2508. Financial aid categories.

(a) The board shall administer the awarding of the following categories of student financial aid: (1) Scholarships. One category is government scholarships awarded to eligible applicants based solely upon the applicant’s competitive college entrance examination test scores, TOEFL, and G.P.A., without regard to the financial need of the applicant. Government scholarships shall be for uniform amounts, as determined and published by the Board prior to the competitive examinations. An amount not less than 10 percent of the monies available in the fund each year must be allocated by the Board for scholarship awards. (2) Grants-in-aid. One category is grant-in-aid awarded to eligible applicants pursuing specific areas of study or research which are designated by the Board as areas of particular need and importance in American Samoa. Grants-in-aid shall be awarded upon an applicant’s scholastic achievement and the area of study chosen by the student for pursuit at an educational institution, without regard to financial need. (3) Student loans. One category is student loans awarded solely on the basis of a student’s financial need. Loans may be paid directly to the student, or to the educational institution, or both, at the discretion of the Board. (4) Other categories which the Board deems appropriate. (b) The Board shall establish minimum standards of scholastic achievement for awarding financial aid under this section. The academic standards established for applicants for scholarships shall be at least 10 percent higher than the standards established for applicants for grants-in-aid. (c) A student may apply for more than one category of financial aid. Amendments.’ 1985 Subsection (a): added letter designation; deleted “establish by rule no less than 2” and added “administer the awarding of the following”. Subsection (a)(l): deleted “of these categories must be a “and added “category is”; deleted “by competitive examinations. Scholarship awards must be awarded” and added “based”; added “college entrance examination” and “TOEFL, and G.P.A”: deleted “publicized” and added “published”; deleted “moneys” and added “monies”. subsection (a)(2): deleted and replaced. Subsection (a)(3): added. Subsection (a)(4): added. Subsection (b): added. Subsection (c): added.