As used in this part:

1. (1) “Appeals process” means, without limitation:

   1. (A) The completion and submission of an appeals application as drafted by the Financial Aid Appeals Committee;
   2. (B) The confirmation of eligibility to appeal and the intention to retain appeals eligibility under Arkansas Code § 6-81-1901 et seq.; and
   3. (C) The completion of a review by the committee that shall include a determination of eligibility and a final appeals decision;

2. (2) “Eligibility” means, without limitation, the applicant:

   1. (A) Is a bona fide resident of the State of Arkansas;
   2. (B) Is enrolled or will be enrolled in a program of study at an eligible postsecondary institution;
   3. (C) Is currently in good standing; and
   4. (D) Is not currently under probationary restrictions for financial aid; and

3. (3) “Financial aid” means scholarships or grants awarded to a student from public funds, including without limitation:

   1. (A) The Arkansas Academic Challenge Scholarship under Arkansas Code § 6-85-201 et seq.; and
   2. (B) Other division scholarship and grant programs, state general revenues, tuition, and local tax revenue.