Responsibilities of qualifying institutions
Arkansas Code § 6-82-105; Acts 2022, No. 215, § 51
(a)
- (1) The chief executive officer of the qualifying institution is responsible for appointing one (1) representative from the financial aid office to act as administrator of the Governor’s Higher Education Transition Scholarship Program and to receive all communications, forms, and other correspondence related to the program.
(2) This representative will be responsible for:
- (A) Verification;
- (B) Data; and
- (C) Compliance with all program rules.
- (b) The institution shall maintain information regarding disbursement of scholarship funds.
- (c) The deadline for disbursement of funds is no later than ten (10) days after receipt of funds.
(d)
- (1) Any outstanding funds not disbursed by these dates must be returned to the Division of Higher Education.
- (2) If the division receives an application beyond the deadline referenced in this subsection, disbursement will be made within ten (10) business days of receipt of the verification roster and electronic transfer of funds.
- (e) In exercising its due diligence requirements as a steward of state funds, the division shall periodically review the qualifying institution's records concerning this program.
- (f) Upon request, the qualifying institution shall exercise due diligence in providing the division with complete, accurate, and timely information regarding current and former Governor’s Higher Education Transition Scholarship Program recipients.
- (g) Institutions with accredited transition programs will certify students’ admittance and enrollment prior to scholarship award.
- (h) The institution shall comply with all applicable law and rules in order to maintain its status as a qualified institution.