15-1650. Annual financial aid report

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. On or before December 1 of each year, the Arizona board of regents shall submit to the governor, the president of the senate, the speaker of the house of representatives and the joint legislative budget committee a financial aid report with information from the two prior fiscal years. The report shall provide information for each institution under the jurisdiction of the board, a comparison to peer institutions, and summary information for the entire university system.

B. The report shall separately delineate both full-time resident undergraduate and full-time resident graduate students.

C. For each group identified in subsection B, the annual financial aid report shall detail the following:

1. Cost of attendance, delineated by tuition rates, mandatory fees, room and board charges, book purchases and travel and related personal expenses.

2. Expected family contribution.

3. Gift aid, delineated by source type. Source types include federal, state, institutional and private.

4. Loans, delineated by subsidized amounts, unsubsidized amounts and amounts loaned to the parents of students.

5. Employment, delineated by program type. Program types include federal work-study, institutional work-study, graduate assistantships and outside work.

D. The Arizona board of regents and the staff of the joint legislative budget committee shall jointly determine the methodology and format of the report.