[Oasfaa] Oklahoma's Promise bill signed by Governor

[Fair, Bryce]

SB 982, which makes two changes in the Oklahoma's Promise program, was
signed by Governor Henry on June 2 and will become law effective July 1,
2009.  The two changes are:

*	Delaying implementation of the second income limit from 2010-11
to 2012-13.  The second income limit requires that the student's family
income may not exceed $100,000 (total taxable and nontaxable income) at
the time the student starts college.

*	Restricting the Oklahoma's Promise award amount at state system
four-year institutions to the nonguaranteed tuition rate.  This
provision will apply to all students entering college after July 1.
[Note: If necessary, 2008 freshmen that were paid the guaranteed rate
may be "grandfathered" and paid the guaranteed rate.]

You can find a copy of the signed bill at
http://www.sos.state.ok.us/documents/Legislation/52nd/2009/1R/SB/982.pdf

Please let me know if you have any questions.
Bryce Fair
 

Bryce Fair 
Assoc. Vice Chancellor for Scholarships & Grants 
Oklahoma State Regents for Higher Education 
Phone:  (405) 225-9162 
Fax:  (405) 225-9230 
E-mail:  bfair at osrhe.edu 

Mailing Address: 
P.O. Box 108850 
Oklahoma City, OK  73101-8850 

Street Address: 
655 Research Parkway, Suite 200 
Oklahoma City, OK  73104 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.onenet.net/pipermail/oasfaa/attachments/20090616/66feefeb/attachment.html