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51 | 50 | | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: |
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52 | 51 | | SECTION 1. AMENDATORY 70 O.S. 2021, Section 2632, is |
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53 | 52 | | amended to read as follows: |
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54 | 53 | | Section 2632. A. To be eligible for an Oklahoma Tuition |
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55 | 54 | | Equalization Grant, a student shall: |
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56 | 55 | | 1. Be an Oklahoma resident as defined by the Oklahoma State |
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57 | 56 | | Regents for Higher Education; |
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58 | 57 | | 2. Have enrolled as a full -time undergraduate student in an |
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59 | 58 | | eligible institution of highe r education as prescribed in subsection |
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60 | 59 | | D of this section; |
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61 | 60 | | 3. Meet the income eligibility level, which is the student 's |
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62 | 61 | | parents' income from taxable and nontaxable sources which shall not |
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63 | 62 | | be more than Fifty Thousand Dollars ($50,000.00) per year or the |
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91 | 89 | | student's income if the student is independent and self -supporting |
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92 | 90 | | as determined by the State Regents consistent with federal financial |
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93 | 91 | | aid regulations; |
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94 | 92 | | 4. Pay more tuition than is required at a comparable public |
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95 | 93 | | institution of higher education and pay no l ess than the regular |
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96 | 94 | | tuition required of all students enrolled at the institution where |
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97 | 95 | | the student is enrolled; and |
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98 | 96 | | 5. Maintain at least minimum standards of academic performance |
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99 | 97 | | as required by the enrolling institution. |
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100 | 98 | | B. The enrolling institution sha ll forward a completed student |
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101 | 99 | | application, documentation of full -time enrollment status, and |
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102 | 100 | | certification of resident status to the State Regents no later than |
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103 | 101 | | October 15 for the fall semester and March 15 for the spring |
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104 | 102 | | semester of each academic year. |
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105 | 103 | | C. Subject to the availability of funds in the Oklahoma Tuition |
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106 | 104 | | Equalization Grant Trust Fund, an Oklahoma Tuition Equalization |
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107 | 105 | | Grant in the amount of Two Thousand Dollars ($2,000.00) per academic |
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108 | 106 | | year, or One Thousand Dollars ($1,000.00) per academic seme ster |
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109 | 107 | | shall be awarded by the State Regents by allocation from the |
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110 | 108 | | Oklahoma Tuition Equalization Grant Trust Fund, beginning with |
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111 | 109 | | eligible students enrolled in the 2003 -2004 school year. No grants |
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112 | 110 | | pursuant to this act shall be provided to students for atte nding |
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113 | 111 | | summer terms or intersessions. |
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141 | 138 | | D. The State Regents shall impl ement policies and procedures |
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142 | 139 | | for the administration of this act. The State Regents shall approve |
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143 | 140 | | as eligible institutions of higher education only those private or |
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144 | 141 | | independent, not-for-profit colleges or universities that are |
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145 | 142 | | domiciled within this state, meet approved program and accreditation |
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146 | 143 | | standards as determined by the State Regents, and are fully |
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147 | 144 | | accredited by the Higher Learning Commission of the North Central |
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148 | 145 | | Association on Colle ges and Schools or a national accrediting body |
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149 | 146 | | recognized by the Unit ed States Department of Education. To be |
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150 | 147 | | eligible, institutions must have been granted not -for-profit status |
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151 | 148 | | by the Internal Revenue Service and the U. S. Department of |
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152 | 149 | | Education prior to July 1, 2012. Additionally, eligible |
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153 | 150 | | institutions shall adhere to the complaint process policies and |
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154 | 151 | | procedures administered by the State Regents. The State Regents |
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155 | 152 | | shall review and take action, as authorized, on complaints |
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156 | 153 | | concerning eligible institut ions. The eligible institutions shall |
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157 | 154 | | include Bacone College, Family of Faith College, Mid -America |
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158 | 155 | | Christian University, Oklahoma Baptist University, Oklahoma |
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159 | 156 | | Christian University, Oklahoma City University, Oklahoma Wesleyan |
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160 | 157 | | University, Oral Roberts Unive rsity, Southern Nazarene University, |
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161 | 158 | | Southwestern Christian University, St. Gregory's University, the |
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162 | 159 | | University of Tulsa and Randall University. |
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163 | 160 | | E. If funds are not sufficient in the Oklahoma Tuition |
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164 | 161 | | Equalization Grant Trust Fund to provide grants for al l eligible |
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191 | 187 | | |
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192 | 188 | | applicants, the State Regents shall award grants on the ba sis of |
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193 | 189 | | need and take into consideration other grants and scholarships |
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194 | 190 | | received by an eligible applicant when awarding grants. Students |
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195 | 191 | | who have previously received a tuition equalization grant and who |
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196 | 192 | | continue to meet the requirements for eligibility shall have |
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197 | 193 | | absolute priority for continued financial support superior to any |
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198 | 194 | | student who is applying for a grant for the first time. |
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199 | 195 | | F. Students enrolling as first -time freshmen for the 2003 -2004 |
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200 | 196 | | school year shall be the first class of students eligible to ap ply |
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201 | 197 | | for Oklahoma Tuition Equalization Grants. In subsequent years, all |
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202 | 198 | | previously eligible students and the first -time enrolling freshmen |
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203 | 199 | | students shall be entitled to apply for a grant pursuant to this |
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204 | 200 | | section. Beginning in the 2007 -2008 school year, all eligible |
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205 | 201 | | students shall be entitled to apply for a grant pursuant to this |
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206 | 202 | | section. |
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207 | 203 | | G. A grant provided by this section shall not be allowed for |
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208 | 204 | | courses or other postsecondary units tak en in excess of the |
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209 | 205 | | requirements for completion of a baccalaureate pr ogram or taken more |
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210 | 206 | | than five (5) years after the student 's first grant is received. |
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211 | 207 | | The State Regents may award an Oklahoma Tuition Equalization Grant |
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212 | 208 | | for courses of postsecondary units taken more than five (5) years |
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213 | 209 | | after the student's first grant is received only in hardship |
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214 | 210 | | circumstances. No Oklahoma Tuition Equalization Grant recipient may |
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215 | 211 | | receive benefits beyond a cumulative time period of five (5) years. |
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243 | 238 | | H. On or before February 1 after the first semester in which |
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244 | 239 | | grants are awarded pursuant to th is act and every year thereafter, |
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245 | 240 | | the State Regents shall provide a report to the Governor, President |
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246 | 241 | | Pro Tempore of the Senate, and the Speaker of the House of |
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247 | 242 | | Representatives to include , but not be limited to the number of |
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248 | 243 | | students awarded grants, grade point average, persistence rates, |
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249 | 244 | | degree completion rates, demographic data, and any other indicators |
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250 | 245 | | the State Regents deem appropriate. |
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251 | 246 | | SECTION 2. This act shall become effective November 1, 2025. |
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