261.92  Definitions.
  When used in this division, unless the context otherwise requires:
  1.  “Accredited higher education institution” means a public institution of higher learning located in Iowa which is accredited by the higher learning commission, or an institution of higher learning located in Iowa which is operated privately and not controlled or administered by any state agency or any subdivision of the state, and which promotes equal opportunity and affirmative action efforts in the recruitment, appointment, assignment, and advancement of personnel at the institution and provides information regarding such efforts to the college student aid commission upon request.
  2.  “Commission” means the college student aid commission.
  3.  “Financial need” means the difference between the student’s financial resources available, including those available from the student’s parents as determined by a completed parents’ confidential statement, and the student’s anticipated expenses while attending the accredited higher education institution. Financial need shall be redetermined at least annually.
  4.  “Full-time resident student” means an individual resident of Iowa who is enrolled at an accredited higher education institution in a course of study including at least twelve semester hours or the trimester equivalent of twelve semester hours or the quarter equivalent of twelve semester hours. “Course of study” does not include correspondence courses.
  5.  “Grant” means an award by the state of Iowa to an accredited higher education institution for a qualified resident student under the Iowa grant program.
  6.  “Part-time resident student” means an individual resident of Iowa who is enrolled at an accredited higher education institution in a course of study including at least three semester hours or the trimester or the four quarter equivalent of three semester hours. “Course of study” does not include correspondence courses.
  7.  “Qualified student” means a resident student who has established financial need and who is making satisfactory progress toward graduation.
90 Acts, ch 1272, §59; 2000 Acts, ch 1095, §16; 2011 Acts, ch 36, §5; 2014 Acts, ch 1013, §17; 2014 Acts, ch 1135, §14
Subsection 1 amended