Vermont § 2844 - Amount received; proration

§ 2844. Amount received; proration

• (a) Each undergraduate student who qualifies for an incentive grant shall apply on forms
  provided by the Corporation. The Corporation may consider the student for an incentive
  grant if the student meets the need-based eligibility standards established by the
  Board. These standards shall give due consideration to all relevant factors affecting
  the student’s need, including the adjusted gross income and other sources of income
  of the student’s parents; the adjusted gross income and other sources of income of
  a nondependent student; the assets of parents and students; the number of a parent’s
  or nondependent student’s children who are students enrolled in approved postsecondary
  education institutions at the same time; and any unusual circumstances that affect
  the family financial strength. Incentive grants shall be awarded on a rolling basis
  to eligible applicants based upon established need, and in total amount shall not
  exceed the funds made available from legislative appropriation or other sources. In
  no case shall a student’s award be larger than that needed to attend the approved
  postsecondary education institution of the student’s choice. (b) The Corporation may prorate incentive grants on the basis of semesters, other recognized
  portions of a school year, or course load. (c) Vermont resident students enrolled at the Medical College of the University of Vermont
  or enrolled in a program leading to the degree of Doctor of Veterinary Medicine shall
  be eligible to apply for an incentive grant and shall be subject to the provisions
  of subsection (b) of this section. In addition, veterinary students shall be eligible
  for grants not to exceed twice the amount of the average grant award made to full-time
  undergraduate students in the previous year under subsection (a) of this section. (Added 1965, No. 198, § 5(c), (h); amended 1967, No. 131,§§ 6, 7; 1967, No. 371 (Adj. Sess.), § 4, eff. March 27, 1968; 1969, No. 89; 1971, No. 175 (Adj. Sess.), § 2, eff. March 28, 1972; 1975, No. 155 (Adj. Sess.); 1995, No. 63, § 188; 2003, No. 86 (Adj. Sess.), § 14; 2013, No. 92 (Adj. Sess.), § 186, eff. Feb. 14, 2014.)