AN ACT TO PROVIDE TUITION GRANTS FOR HIGH-ACHIEVING HIGH SCHOOL GRADUATES TO ATTEND CONSTITUENT INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA.
Adds new Part 7 to Article 23 of GS Chapter 116, providing as follows.
Defines high-achieving high school graduate as a graduate from a public or nonpublic high school (as defined) who has completed the minimum educational requirements for admission to The University of North Carolina with a minimum cumulative grade point average of 3.2, calculated on a 4.0 scale, or its equivalent.
Provides that within the funds available, a high-achieving high school graduate in each academic semester who meets the following conditions is eligible for a tuition grant: (1) is a resident for tuition purposes and (2) enrolls as a full-time student in a UNC constituent institution in the next academic year after graduation. Makes students who receive initial tuition grants as a cohort of a high school graduating class also eligible to apply for tuition grants for subsequent academic semesters for up to five academic semesters in an undergraduate program. Requires continuous enrollment but allows waiving this requirement under specified circumstances.
Sets out guidelines for administering the grants. Sets the grant amount at $2,500 per semester. Provides for pro rata share of funds when there are not sufficient funds to provide each eligible student with a full tuition grant.
Applies beginning with the 2021-22 school year.
Appropriates $100 million in recurring funds for 2022-23 from the General Fund to the UNC Board of Governors to provide the tuition grants. States the NCGA's intent to appropriate the specified funds in 2023-24 and 2024-25 for awarding the tuition grants.
Effective July 1, 2022.