The Financial Aid Appeals Committee may make appeals decisions for an applicant, with each appeal being expressly made subject to the provisions of this section and Arkansas Code § 6-81-1905, if the committee finds that reinstating the appealed scholarship or grant will benefit the student and finds that:
- (1) The applicant is a bona fide resident of Arkansas;
- (2) The applicant is enrolled or will be enrolled in a program of study at an eligible postsecondary institution;
- (3) The applicant is currently in good standing;
- (4) The applicant is not currently under probationary restrictions for financial aid; and
- (5) The application for appeal is submitted within two (2) academic semesters following the initial decision.