Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter353B College Savings Plans of Nevada |
NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM |
Enrollment in Program; Administration; Benefits |
NAC353B.150. Contract provisions: Payment of tuition to institution of higher education for certain number of semester hours of credit.
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1. A contract may provide for payment from the Trust Fund of the amount of tuition required for the enrollment of a qualified beneficiary into:
(a) A state community college in sufficient classes for a student to earn 60 semester hours of credit;
(b) A state:
(1) Community college in sufficient classes for a student to earn 60 semester hours of credit; and
(2) University in sufficient classes for a student to earn 60 semester hours of credit; or
(c) A state university in sufficient classes for a student:
(1) To earn 30 semester hours of credit;
(2) To earn 60 semester hours of credit; or
(3) To earn 120 semester hours of credit.
2. As used in this section, “classes” means classes pursuant to which a student may earn an associate’s degree in 2 years of study or a bachelor’s degree in 4 years of study.
(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by R079-00, 10-23-2000; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009)