Oklahoma § 70-2503 - Financial qualifications and eligibility
Full text of Oklahoma Oklahoma Statutes § 70-2503 — Financial qualifications and eligibility, with citation guidance and answers to common questions.
§ 70-2503. Financial qualifications and eligibility
A. Except as otherwise provided in subsection B of this
section, a student with an intellectual disability shall not be
found to be in financial need for purposes of the Oklahoma Access
and Achievement Act if prior to receiving any scholarship program
award for any year during which the student is enrolled in a CTP
program at a state educational institution, the federal adjusted
gross income of the student’s parents or legal guardians exceeds One
Hundred Thousand Dollars ($100,000.00) per year. The determination
of financial qualification provided in this subsection shall be
based on the income of the student, not the income of the parents or
legal guardians, if a student is determined to be independent of his
or her parents or legal guardians for federal financial aid
purposes.
B. 1. A student with an intellectual disability who was
adopted between birth and twelve (12) years of age while in the
permanent custody of the Department of Human Services, in the courtordered custody of a licensed private nonprofit child-placing
agency, or federally recognized Indian tribe, as defined by the
federal Indian Child Welfare Act, shall not be found to be in
financial need for purposes of the Oklahoma Access and Achievement
Act if, prior to receiving any scholarship program award for any
year during which the student is enrolled in a CTP program at a
state educational institution, the federal adjusted gross income of
the student’s parents exceeds One Hundred Fifty Thousand Dollars
($150,000.00) per year.
2. A student with an intellectual disability who was adopted
between thirteen (13) and seventeen (17) years of age while in the
permanent custody of the Department of Human Services, in the courtordered custody of a licensed private nonprofit child-placing
agency, or federally recognized Indian tribe, as defined by the
federal Indian Child Welfare Act, shall not be found to be in
financial need for purposes of the Oklahoma Access and Achievement
Act if, prior to receiving any scholarship program award for any
year during which the student is enrolled in a CTP program at a
state educational institution, the federal adjusted gross income of
the student’s parents exceeds Two Hundred Thousand Dollars
($200,000.00) per year.
3. The determination of financial qualification provided for in
this subsection shall be based on the income of the student, not the
income of the student’s parents, if the student is determined to be
independent of the student’s parents for federal financial aid
purposes.
Oklahoma Statutes - Title 70. Schools
Added by Laws 2024, c. 330, § 3, eff. July 1, 2024.
Frequently Asked Questions About Oklahoma § 70-2503
What does Oklahoma Statutes § 70-2503 cover?
Section 70-2503 ("Financial qualifications and eligibility") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 70-2503?
A common citation format is "Oklahoma Statutes § 70-2503" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 70-2503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.