State Faces Deadline To Finalize Need-Based Scholarship
CARSON CITY, Nev. (AP) — Nevada higher education officials faced with a tight deadline to launch a need-based scholarship are seeking more authority for staff to finalize program details.
The Nevada Board of Regents is holding a special meeting Thursday to decide whether to give Chancellor Dan Klaich some extra authority in crafting policies for the Silver State Opportunity Grant.
The Nevada Legislature passed a bill this spring that creates the grant and applies $2.5 million to the fund in each of the next two years. Vice Chancellor Crystal Abba said that leave about 10 weeks to create detailed rules, while such a process might normally take a year.
Abba said the higher education system hopes to start distributing the funds by mid-August. Awards will vary in size based on a student's financial need.