Redistribution of Academic Year Article III Funds. 1. The Educational Opportunity Fund (EOF) director of each applicable college/school within the University and the financial aid office of the University will submit to the Higher Education Student Assistance Authority (HESAA) via the New Jersey Financial Aid Management System (NJFAMS) a roster containing initials, renewals, and transfer students as required by the OSHE no later than the final EOF campus program roster processing date. An electronic copy of this roster will also be sent via Excel format to OSHE.
2. If any of the colleges within the University require additional student allocations for funding under Article III, a formal written request shall be made by the University to OSHE as soon as such need becomes clear, but in no event later than the contractual deadline for such requests as set by the OSHE for the fall and spring semesters, which will be separate and distinct from the contractual deadline for requesting payments.
3. Subsequent to the above-mentioned deadlines, OSHE will then review the formal written requests received from each college for additional allocations and:
a. Determine if there is need for more allocations by those colleges requesting them, and
b. Calculate the total pool of unused allocations from each of the three University regions of Newark, Camden and New Brunswick.
4. If one of the colleges of the University has made a formal written request for additional allocations and OSHE has determined that need for additional allocations exists at said college, such need shall first be satisfied from the unused allocation pool of the University region within which the requesting college is located. All adjustments under this paragraph shall only be made under the authority of the University Administrator for the EOF Program and upon the prior notification from OSHE.
5. If one of the colleges of the University has made a formal written request for additional allocations and OSHE has determined that need for additional allocations exists at said college and the college’s need cannot be met under the provision of paragraph 4 above, then said college shall receive priority to receive unused allocations from another University region subsequent to each University region having completed its own redistribution of allocations under paragraphs 4 above. Any requests for reallocations under this paragraph shall be subject to the same deadlines as set forth in paragraph 2 above.
6. If, after the applications of paragraphs 4 and 5 above...
