(a) Eligibility at End of First Award Year. Students who complete their first year receiving a Tuition Equalization Grant in compliance with their institutions' financial aid satisfactory academic progress requirements, are eligible to receive subsequent awards in the following year if they meet the other requirements listed in §22.24 of this title (relating to Eligible Students).(b) Eligibility at End of a Subsequent Award Year. Students shall, unless granted a hardship provision in accordance with §22.27 of this title (relating to Hardship Provisions), as of the end of an academic year in which the student receives a subsequent award:(1) have completed at least:(A) for undergraduate students, 24 semester credit hours in the most recent academic year, or if at the end of the academic year in which the student receives a first award and the student entered college at the beginning of the spring term in the year in which he or she received his or her first award, have completed at least 12 semester credit hours in the most recent academic year; or(B) for graduate students, 18 semester credit hours in the most recent academic year;(2) have an overall cumulative grade-point average of at least 2.5 on a four-point scale or its equivalent;(3) have completed at least 75 percent of the semester credit hours attempted in the most recent academic year.(c) The calculation of a student's GPA is to be completed in accordance with Chapter 22, Subchapter A of this title (relating to General Provisions).(d) The completion rate calculations may be made in keeping with institutional policies.