Higher education; Oklahoma Tuition Equalization Grant; effective date.

Added income eligibility threshold of $50,000 per year for dependent students, with separate income consideration for independent and self-supporting students.

Added requirement that eligible institutions must be accredited by the Higher Learning Commission or a nationally recognized accrediting body recognized by the U.S. Department of Education.

Added specific list of eligible institutions including Bacone College, Family of Faith College, Mid-America Christian University, Oklahoma Baptist University, Oklahoma City University, Oklahoma Wesleyan University, Oral Roberts University, Southern Nazarene University, Southwestern Christian University, St. Gregory's University, University of Tulsa, and Randall University.

Modified priority rules to give absolute priority to continuing students who have previously received grants over first-time applicants.

Clarified that grants of $2,000 per academic year or $1,000 per semester are awarded from the Oklahoma Tuition Equalization Grant Trust Fund.

Added requirement that eligible institutions must have been granted not-for-profit status by the IRS and U.S. Department of Education prior to July 1, 2012.

Added requirement for institutions to adhere to complaint process policies administered by the State Regents.