ITEM 108-102-R0900Attachment 1

 

 

TO:���������������� Board of Regents

 

FROM:���������� Arlene Hannawalt

 

RE:���������������� MTAP Baker Grant Policy Revision

 

DATE:����������� September 21, 2000

 

 

The formula for awarding the MTAP Baker Grant was developed in 1996 when the MTAP program was established.� Since that time tuition, mandatory and class fees, and costs of books have risen steadily.� The financial aid officers have asked that the formula for determining the MTAP Baker Grant award be revised to reflect these changes.� I recommend that the formula be written in a general form to eliminate the need to bring the policy back to the Board of Regents any time there is a change in the maximum amount of the award.� The proposed revised policy is attached.