|
{ISAC Rules, Part 2763.40}
When the awarding process (which is based on the Initial Certification Documents that have been returned to ISAC by the requested receipt date) is complete, a TESP Payment Request Roster that includes the information the school provided on the Initial Certification Document is produced and is available on TESP Certification at My Zone. TESP Payment Request Rosters can then be completed and submitted electronically to ISAC in a secure method via TESP Payment Request Roster at My Zone.
A new TESP Payment Request Roster is produced weekly and is available at TESP Payment Roster at My Zone whenever new awards are made. The Eligibility Certification statement page and the totals page that were previously part of the paper roster have been eliminated. By submitting a roster to ISAC via TESP Payment Roster at My Zone, a school is certifying that the student meets all eligibility criteria. It is important to complete and submit a payment roster on a timely basis so that ISAC can monitor the fund balance and make awards to eligible unfunded students as early as possible in the academic year.
Students who are determined to be eligible for both TESP programs, will appear on only the roster of the program for which they were funded. If a student is eligible but no funds are available for the scholarship, a notification is sent to the student. A listing of students in the Eligible-Unavailable Funds category can be viewed at TESP Notification at My Zone.
Refer to the TESP Payment Request Roster and the TESP Payment Authorization pages at TESP at My Zone for details about the TESP online payment process, how to submit a payment request roster and how to view, print and save payment results.
This scholarship plus other financial aid received by the student cannot exceed the cost of attendance. The annual scholarship amount shall be completed by the institution and be the lesser of:
- tuition and fees plus room and board expenses charged by the institution;
- tuition and fees plus the institution's standard commuter allowance for students living off-campus; or
- an amount not to exceed $5,000.
If a student fails to meet any of the eligibility requirements during the academic year, all undisbursed funds will be deobligated and awarded to the next eligible student. Students who no longer qualify for the scholarship will receive a Notification of Disqualification from ISAC.
|