November 16-18, 2005

 

ITEM 129-102-R1105����������������� Selection and Disbursement Policies for the Governor�s Postsecondary Scholarship Program

 

THAT:�������������������������������������� The Board of Regents of Higher Education, upon consultation with the Governor�s Advisory Council, shall approve selection and disbursement policies for the Governor�s Postsecondary Scholarship Program.

 

EXPLANATION:����������������������� HB 435 in the 2005 Legislature created the Governor�s Postsecondary Scholarship Program.� Statute directs the Board of Regents, working with the 3-person Advisory Council, to develop policies for the implementation, awarding, and disbursing of scholarships.� Working with the Montana Guaranteed Student Loan Program, the Council is recommending a policy that divides the program into 3 areas: Merit, At-large Merit, and Need-based scholarships.� The top-achieving, qualifying student from each of Montana�s accredited high schools would receive a merit scholarship.� Students hoping for an at-large scholarship will apply to the MGSLP.� Need based scholarships will be determined by financial aid offices at qualifying schools with the number of scholarships available based upon an FTE formula.