Chapter I. General provisions 

Article 1. A Scope and Aim of Regulation 
1. A Regulation for Student Incentives (hereinafter the Regulation) determines rules for fair and objective selection and nomination of students, eligible to financial support and incentives, based on merit at BAU International University, Batumi LLC (hereinafter “The University”). 
2. This Regulation aims at establishing objective, transparent, equal and fair conditions of competition for obtaining funding for studies at the University.

Article 2. A Concept of Student Incentive
1. Student incentive implies reduction of a tuition fee and/or possibility to enjoy additional benefits set for a certain period, funded by the University. 
2. Student incentive cannot be compensated to student directly, or in any other forms apart as set in this Regulation. 

Article 3. Types of Student Incentives 
1. The types of student incentives are:
a) University Grant, awarded for applicant students enrolled through National Unified Examinations, through the procedure described in Chapter III of this Regulation. 
b). Student Scholarship, awarded to students through the procedure, described in Article 4 of this Regulation.
c). Summer School Scholarship, awarded to students through the procedure, described in Article 5 of this Regulation.
d). International Exchange Scholarship, awarded to students through the procedure, described in Article 6 of this Regulation.
e). Graduate Scholarship, awarded to graduates through the procedure, described in Article 7 of this Regulation.
f). Sibling Scholarship, awarded to sibling student/graduate of the University through the procedure, described in Article 8 of this Regulation. 
2. Receival of state funding or other financial incentives from third parties, does not affect students’ right to receive grant/scholarship(s) from the University, in compliance with procedures, set by this Regulation. 
3. Student is eligible to use different fundings described in Paragraphs 1 and 2 of this Article, simultaneously. In case of using more than one incentive, the amount of funding is defined based on percentage of tuition fee remaining, considering already awarded incentives.  
 
Chapter II. Scholarship

Article 4. Student Scholarship
1. For encouraging academic performance of the students, the Rector, pursuant to nomination of Grant and Scholarship Committee awards semestral student scholarship to students with highest semestral academic performance.
2. The amount of scholarship in percentage of respective tuition fee is given as follows:
    a). 100% - 1 scholarship per year of study
    b). 70% - 1 scholarship per year of study
    c). 50% - 1 scholarship per year of study
    d). 25% - 1 scholarship per year of study
    e). 10% - 1 scholarship per year of study
3. Students are eligible to receive a scholarship semesterly, from the second semester to the penultimate year of study in the University. 
4. 5 top performing students from each year of study (excluding final year) are defined based on their semestral grades, to receive a scholarship set in Paragraph 2 of this Article. Students from all programs, conducted by the University, are ranked together. 
5. To be eligible for scholarship, student must have taken non less than 25 ECTS credits in the respective semester.
6. In case of similar GPA scores and/or grades, following additional criteria are considered: 
    a). Scores in compulsory subjects
    b). Exam scores
    c). Absence of violation of ethics code
    d). Record of extracurricular activities
    e). Recommendation from the academic unit of the institution
7. Each following criteria is considered, if the winner and runner ups cannot be defined using previous criteria.
8. Order, defined by the Paragraph 1 of this Article shall be issued before the expiration of financial registration period for the following semester.
9. Rector’s order on scholarship can be appealed within 3 days after its issue by the procedure, set in Chapter V of this Regulation.
10. In case a student, awarded with scholarship, commits a disciplinary offence, an awarded scholarship might be revoked upon a decision of a Disciplinary Committee by the procedure, set in Chapter VI of this Regulation.

Article 5. Summer School Scholarship
1. For encouraging academic performance of the students, the Rector, pursuant to nomination of Grant and Scholarship Committee has a right to award summer school scholarship to students with high academic performance.
2. Summer school scholarship implies funding participation in practical, research, clinical extracurricular activities, funded by the University. 
3. Competition for summer school scholarship is conducted annually. Number of seats for scholarship and period for application are set in Rector’s order on the announcement of scholarship competition.
4. Summer school scholarship is given to the highest performing students from years 2, 3 and 4 of university’s educational programs. Students from all programs and years of study are ranked together. 
5. Students eligible for scholarship are defined based on their total grades, to receive a scholarship set in Paragraph 2 of this Article. 
6. To be eligible for scholarship, student must have taken non less than 90% of academic loading, defined for the respective period of study. 
7. In case of similar GPA scores and/or grades, following additional criteria are considered. 
    a). Scores in compulsory subjects
    b). Exam scores
    c). Absence of violation of ethics code
    d). Record of extracurricular activities
    e). Recommendation from the academic unit of the institution
8. Each following criteria is considered if the winner and runner ups cannot be defined using previous criteria.
9. Rector’s order on scholarship can be appealed within 3 days after its issue by the procedure, set in Chapter V of this Regulation.
10. In case a student, awarded with scholarship, commits a disciplinary offence, an awarded scholarship might be revoked upon a decision of a Disciplinary Committee by the procedure, set in Chapter VI of this Regulation.

Article 6. International Exchange Scholarship
1. For encouraging internationalization of the students, the Rector pursuant to nomination of Grant and Scholarship Committee has a right to award international exchange scholarship to selected students.
2. International scholarship covers the expenses of taking exchange courses in partner institution and might cover fully or partially travel and living expenses. International exchange scholarship does not compensate study fees to be paid by the student in University.
3. International exchange scholarship competition, number of beneficiaries and specific terms for selection set by the University and its partner institution(s) are announced one month before the selection. 
4. University develops fair and transparent selection procedure for International Exchange scholarship selection process(es).
5. To be eligible for scholarship, student must have active student status for the periods of selection and using scholarship. 
6. Students are evaluated based on following criteria:
    a) CV
    b) Transcript and record of GPA
    c) Motivation Letter
    d) Interview with Grant and Scholarship Committee
    e) Language competence
7. Additional requirements as minimal and maximal year of study, might be set for a particular competition, as set in agreement between the University and partner institution(s).
8. Students, nominated for international exchange scholarship shall ensure timely obtaining visa and other travel documents, if necessary. 
9. Rector’s order on scholarship can be appealed within 3 days after its issue by the procedure, set in Chapter V of this Regulation.
10. In case a student, awarded with scholarship, commits a disciplinary offence, an awarded scholarship might be revoked upon a decision of a Disciplinary Committee by the procedure, set in Chapter VI of this Regulation.

Article 7. Graduate Scholarship
1. For appreciation for academic performance of the graduate students, the Rector pursuant to nomination of Grant and Scholarship Committee has a right to award graduate scholarship to graduates with highest academic performance.
2. Graduate scholarship implies funding Master or PhD programs for University graduates in partner university(ies).
3. Graduate scholarship is given to the 5 graduates with highest academic performance record annually. 
4. In case of similar GPA scores and/or grades, following additional criteria are taken into account. 
    a). Scores in compulsory subjects
    b). Exam scores
    c). Absence of violation of ethics code
    d). Record of extracurricular activities
    e). Recommendation from the academic unit of the institution
5. Each following criteria is considered if the winner and runner ups cannot be defined using previous criteria.
6. Candidates for graduate scholarship must meet admission criteria and be selected for respective program. Application procedure shall be finished within 6 months after issuing the Rector’s order.
7. Rector’s order on scholarship can be appealed within 3 days after its issue by the procedure, set in Chapter V of this Regulation.

Article 8. Sibling Scholarship
1. The Rector, pursuant to nomination of Grant and Scholarship Committee has a right to award sibling scholarship to sibling students or to sibling of graduate of the University. 
2. The amount of sibling scholarship for student siblings is 25% of the study fee, which is distributed equally among sibling students. 
3. The amount of sibling scholarship for graduate sibling(s) is 12.5% of the study fee, which is given to sibling of university graduate.
4. To be eligible for scholarship, student has to submit documents to the university, before the financial registration for academic semester. 
5. In case a student, awarded with scholarship, commits a disciplinary offence, an awarded scholarship might be revoked upon a decision of a Disciplinary Committee by the procedure, set in Chapter VI of this Regulation.

Chapter III. University Grant

Article 9. Grant Competition 
1. Funding for studies can be obtained through a grant competition which is based on the following principles: 
a) Fairness and impartiality of the Committee; 
b) Availability and transparency of information; 
c) Competitiveness and fair competition; 
d) Equality and inadmissibility of discrimination; 
2. In case corresponding objective circumstances exist, an applicant in substantially disadvantaged condition compared to applicants of other categories, can be given a preference in a grant competition in order to redress inequality among individuals. 
3. A grant competition consists of the following stages: 
a) Announcement of a grant competition 
b) Registration of applicants; 
c) Assessment of submitted documents; 
d) Interviews with applicants and assessment of the interviews; 
e) Announcement of a successful applicant by a Committee; 
f) Award of a grant to a successful applicant by the Rector of the University; 

Article 10. Announcement of a Grant Competition 
1. A grant competition is announced by the order of the Rector of the University which defines the following observing the rule set by this Regulation: 
a) Prerequisites for participating in a grant competition; 
b) A list of required documents; 
c) A rule and criteria for assessing an applicant; 
d) Volume of a grant and maximum amount; 
e) Terms of a grant competition; 
f) Composition of a grant Committee; 
g) Composition of an appeal reviewing Committee; 
2. An order of the Rector of the University is openly published on the premises of the University in visible areas as well as on a web-page and in social media channels. 
3. An order of the Rector of the University must be openly published at least 10 days before submission of applications starts. 

Article 11. Prerequisites for Participating in a Grant Competition 
1. Prerequisites for participating in a grant competition define those criteria which must be met in order to receive a right to participate in a grant competition. 
2. It is not allowed to formulate prerequisites for participating in a grant competition in a way that sets different requirements for applicants in substantially identical conditions. 

Article 12. A list of Required Documents 
1. For participating in a grant competition an applicant must submit: 
a) An application about participation in a grant competition; 
b) A copy of an ID or a passport; 
c) A cover letter; 
d) Two recommendation letters; 
2. An order of the Rector of the University defines a list of additional documents required for a respective grant competition as well as requirements to be met by submitted documents. 

Article 13. A Rule and Criteria for Assessing an Applicant
 1. Within a grant competition, an applicant is assessed with 100 (one hundred) point system out of which submitted documents are assessed with 50 (fifty) points and an interview with an applicant is assessed with 50 (fifty) points. 
2. Each member of the Committee individually assesses an applicant. Final assessment is calculated through adding individual assessments and dividing the sum by a number of the Committee members. 
3. An order of the Rector of the University determines a rule for distributing points and criteria when assessing submitted documents as well as a rule and criteria for assessing an interview. 

Article 14. Volume of a Grant and Maximum Amount 
1. In the frames of a grant competition 30 (thirty), 40 (forty) and 50 (fifty) % grants can be awarded. 
2. In exceptional cases, the University can award 100 (one hundred) % grant for meeting marketing objectives of the University, for encouraging mobility of students in the frames of memorandums signed with other educational establishments and/or for supporting socially disadvantaged students. 
3. An order of the Rector of the University defines maximum volume of funding for studies and a number of points necessary for obtaining a specific amount of grant. 

Article 15. Terms of a Grant Competition 
1. An order of the Rector of the University shall define: 
a) Terms for beginning and ending registration of applicants for a grant competition; 
b) Terms for reviewing submitted documents by a Committee; 
c) Terms for interviewing applicants; 
d) Terms for making a final decision by a Committee; 
2. Registration of applicants for a grant competition must continue for at least 20 calendar days. 
3. A final decision must be made by the Committee within no later than 3 months after a closing date of registration of applicants. 
 
Chapter IV. Grant and Scholarship Committee

Article 16. Composition of the Committee 
1. Grant and Scholarship Committee (hereinafter – committee) ensures evaluation and nomination of applicants, eligible for grants and scholarships by the criteria set in this Regulation and respective Rector’s order(s).
2. Composition of the Committee is defined by an order of the Rector of the University. 
3. The Committee must include minimum 5 members out of which one member must be the president of the students’ self governance (SSG) or a delegate of the SSG proposed by him/her. 
4. Committee is entitled to consult and/or to involve other administrators of the university as non voting members to support committee with necessary information/documentation
5. The Committee might include the third parties who are in legal employment relationships with the University or unbiased individuals operating in educational sphere.
6. For the purpose of nomination of scholarship candidates, the Committee: 
a) Inquires the data of academic performance and defines the list of candidates for student scholarship.
b) Reviews applications for summer school, international exchange, graduate and sibling scholarships, assesses documents submitted by applicants as well as interviews with them, if necessary.
c) Inquires the data of disciplinary conduct, and based on grounds, described in this Regulation, initiates the revocation of scholarship.  
d) Makes a decision about nominating a successful scholarship applicant(s) on the basis of assessment of applicants by the procedure, described in Chapter II of this Regulation. 
7. For the purpose of nomination of grant candidates, the Committee: 
a) Reviews grant applications, assesses documents submitted by applicants, makes a decision regarding refusal to review incomplete applications, if necessary.
b) Conducts interviews with applicants, ensuring their individual evaluation by each member of the Committee. 
e) Makes a decision about announcing a successful applicant in a grant competition by the procedure, described in Chapter III of this Regulation. 
8. The Committee makes a decision independently in congruence with this Regulation and the order of the Rector of the University regarding announcement of a grant/scholarship competition. It is prohibited to interfere in the Committee’s activities in any manner either directly or indirectly. 
9. Each member of the Committee independently assesses an applicant. No other member of the Committee and/or any other third party shall attempt to influence a member of the Committee. 
10. If an individual in legal employment relationships with the University acts against inadmissibility of interference in the Committee’s activities this will lead to imposition of a disciplinary action against this individual following the rules set by internal normative acts. 

Article 17. A Conflict of Interest and Withdrawal of a Committee Member 
1. A conflict of interest arise when a committee member and an applicant are relatives and/or have close social connection or in any other circumstances that might impact impartiality of a member of the Committee in positive or negative way. 
2. Relatives mentioned in the first part of this article include: 
a) A spouse; 
b) A fiancé; 
c) Lineal kin; 
d) Siblings; 
e) Nephews and nieces; 
f) Siblings of parents; 
g) Acquired relatives; 
h) People in family relations for a long time; 
3. Close social relations mentioned in the first part of this article imply social relations between a Committee member and an applicant that might arise the question of impartiality of a Committee member. 
4. In case of a conflict of interest, a Committee member must immediately declare self-withdrawal. 5. An application about a self-withdrawal is submitted to the head of the committee which is considered satisfied upon receipt. 
6. Any individual participating in a grant competition, including Committee members shall have a right to declare withdrawal to a Committee member. 
7. A conflict of interest serves as the basis of withdrawal. A decision about withdrawal is made by the Committee with the majority of votes by a list. 
8. A committee member affected by an application regarding withdrawal, as well as member declared self-withdrawal cannot vote in a process of decision-making on the particular issue or applicant. However, he/she shall have a right to declare his/her position before the Committee. 
9. Rules, set in this article might apply to non-voting committee members as well, if their impartiality might affect transparency and impartiality of information/documentation provided. 
10. Failure to withdraw or self-withdraw a committee member with the conflict of interest is a basis to appeal a committee nomination, and/or Rector’s order issued pursuant to it. 

Article 18. Termination of Authority of a Committee Member and Change in Composition of the Committee
 1. Authority of a member of the Committee can be terminated based on the following: 
a) Expiration of the authority of a Committee member; 
b) Termination of legal employment relationships (if such relationships exist with the University) 
c) Self-withdrawal; 
d) Withdrawal; 
e) Submission of a written application to the Rector requesting the termination of authority; 
f) Start of a disciplinary procedure against a member of the Committee; 
g) Other circumstances that prevent a member of the Committee from realization of his/her authority; 
2. In case authority of a member of the Committee terminates early, original number of the Committee members is refilled with individual/s determined by the Rector’s order. 
3. Withdrawal and self-withdrawal norms set by this rule apply in the same manner to a new member/s of the Committee.

Article 19. The Head of the Committee
1. The Rectors order on composition of Grant and Scholarship Committee nominates the head out of its composition. 
2. The Head of the Committee prepares agenda of issues to discuss during a Committee meeting, makes necessary amendments, convenes and chairs meetings, prepares and signs minutes of a meeting as well as coordinates activities of an office of the grant Committee. 
3. If the head of the Committee is not able to perform his/her duties on temporary basis, his/her authority is transferred to the deputy head who is appointed by the Head of the Committee. 

Article 20. An Office of the Committee 
1. The administration of the University provides organizational-technical support to activities of the Committee. 
2. The head of the administration of the University upon agreement with the head of the Committee develops a rule for operation of the office of the Committee.
3. The office of the Committee: 
a) Informs interested individuals about terms and conditions of a competition and provides technical support for facilitating their participation in a competition; 
b) Registers applicants; 
c) Verifies formal correspondence of a submitted application with requirements set by a competition; 
d) In case of incomplete applications, informs applicants about required additional documents (only in cases when internal regulating normative acts of a competition include a direct indication hereto); 
e) Verifies accuracy and authenticity of information submitted by an applicant; 
f) Systematizes submitted applications and transfers them to the Committee; 
g) Gathers statistical data about submitted applications;
h) Performs other organizational-technical functions associated with activities of the Committee. 

Article 21. A Committee Meeting 
1. The Head of the Committee convenes a committee meeting. The head sends a project of an agenda to each member of the Committee minimum 3 days prior to a meeting date. 
2. Within 2 days of receipt of a project of an agenda, each member of the Committee shall have a right to request additions to a project of an agenda which is sent to the head of the Committee via a corresponding email address.
 3. A meeting of the Committee is entitled to make a decision if a meeting is attended by fullcomposition of the Committee. A member of the Committee can attend a meeting physically or via distance communication tools. 
4. The Committee makes a decision with the majority of votes by a list if not otherwise defined by this Regulation. 
5. Immediately after the Committee makes a decision, the head of the Committee prepares minutes of a meeting which is signed by each member of the Committee. 

Article 22. Decision-making by the Committee 
1. The Committee decides about successful applicant/s of a grant and/or scholarship competition within the term set for making a final decision by the Committee with the order of the Rector of the University. The decision is presented to the Rector within 2 (two) days. 
2. A decision of the Committee is openly published on the premises of the University and/or distributed to all participants in the respective competition. 
3. The Rector of the University issues an order about awarding a grant/scholarship(s) to successful applicant/s of a competition in correspondence with the terms and conditions set for a respective competition and points received by an applicant, within 3 (three) days after a Committee makes a nomination and deadline for appealing against the decision is expired. 

Chapter V Appeal

Article 23. Appeal Against a Decision of the Committee
1. Any applicant shall have a right to submit a complaint against a final decision of the Committee and/or Rector’s order on grant/scholarship award to the Appeal Reviewing Committee within 3 (three) days of open publication of the results. 
2. A complaint submitted by an applicant must be well-justified and must include description of facts of violation of requirements set by this Regulation as well as respective evidence. 
3. The administration of the University registers appeals, verifies formal correspondence of a submitted application with requirements set by this Chapter, verifies accuracy and authenticity of information submitted by an applicant, and transfers them to the Appeals Committee.

Article 24. An Appeal Reviewing Committee 
1. An Appeal Reviewing Committee is formed by the order of the Rector of the University for monitoring administration of a grant/scholarship competition in congruence with this Regulation and respective requirements set for a particular competition, if the Rectors order on awarding grant and/or scholarship is appealed by the applicant.  
2. The Appeal Reviewing Committee must include minimum 3 (three) members out of which one member must be represented by a delegate of the Students’ Self Governance of the University. 
3. A person cannot be a member of the Appeal Reviewing Committee if he/she is a Grant and Scholarship Committee member and/or was involved in a respective grant/scholarship competition process in any manner. 
4. The appeal reviewing Committee is entitled to make a decision if a meeting is attended by all members of the Committee.
5. The appeal reviewing Committee makes a decision with the majority of votes by a list; 
6. The norms defined by this Regulation which prohibit interreference in the Committee’s activities, regulate withdrawal/self-withdrawal and replacement of a committee member in case of a conflict of interest, fully apply to an Appeal Reviewing Committee.

Article 25. Results of Annulment of a Decision by an Appeal Reviewing Committee 
1. The Appeal Reviewing Committee reviews a complaint within 5 (five) days of receipt of the complaint. The Appeal Reviewing Committee decides to uphold a complaint and annul a decision of the Grant and Scholarship Committee or to reject it. 
2. The appeal reviewing Committee shall have a right to annul a final decision of the Committee either in relation to a compliant submitted by an applicant or fully if it is revealed that a competition was conducted disregarding this Regulation and the requirements set in a way that substantially affected the results of whole competition. 
3. If the Appeal Reviewing Committee fully annuls a decision made by the Committee, a competition is declared failed. 
4. If the Appeal Reviewing Committee annuls a decision made by the Committee only in relation to a compliant submitted by an applicant, a given application will be assessed again by a Grant and Scholarship Committee in accordance with a rule set by this Regulation and terms and conditions of a competition announced. 
5. A second decision made by a committee is final and is not subject to appeal. 

Chapter VI. Enaction and Revocation of Grant and Scholarship
Article 26. Prerequisites for Enacting a Grant 
1. A grant becomes effective when a successful applicant of a grant competition obtains a right to benefit from financial concession. 
2. Prerequisites for enacting a grant are: a
a) Enrollment of an applicant at the University; 
b) Recognition of foreign education received by an applicant abroad by an authorized body; 
c) Confirmation of authenticity of documentation submitted for a grant competition following a respective form. 
3. With an order of the Rector of the University, different and/or additional prerequisites might be introduced for enacting a grant in congruence with the terms and conditions of a grant competition. 
4. Grant for enrolled student is reflected on his/her balance, to compensate study fee unless revoked, via procedure set in this Chapter. 
5. Payment schedule in student electronic system is updated with regards to funding, obtained via University Grant. 

Article 27. Basis for Enacting a Scholarship 
1.    Scholarship becomes effective on basis of the nomination of the scholarship committee, and Rectors order, issued pursuant to abovementioned nomination.
2.    The nominations for scholarship (including not nominating the applicant) can be appealed within 10 (ten) days after the issue of rectors order, through the Appeals Committee.
3. Scholarship for student is reflected on his/her balance, to compensate study fee for set period. 
4. Payment schedule in student electronic system is updated with regards to funding, obtained via scholarship. 

Article 28. Basis for Revoking a Grant 
1. Revocation of a grant implies loss of a right to benefit from financial concession by a successful applicant of a grant competition.
 2. The grant can be revoked on the following basis: 
a) Submission of wrong and/or false information by an applicant in the frames of a grant competition; 
b) Disciplinary offence committed by a successful applicant of a grant competition as set by Student Ethic Code; 
c) Poor academic performance of a successful applicant of a grant competition; 
d) Suspension or termination of student status;
3. Additional basis might be introduced for revoking a grant on the basis of an order of the Rector of the University in congruence with the terms and conditions of a grant competition. 

Article 29. Revocation of a Grant on the Basis of Submitting Incorrect and/or False Information 
1. If it turns out that a successful applicant of a grant competition submitted wrong and/or false information in the frames of a grant competition, awarded grant is revoked regardless a date of enacting a grant. 
2. In case a grant is revoked on the basis of submitting wrong and/or false information, the University shall have a right to request an applicant reimbursement of amount of money that he/she received as a form of financial concession during validity period of the mentioned grant. 
3. Alongside with revocation of a grant, an applicant might be imposed a disciplinary action in congruence with internal normative acts of the University. 

Article 30. Revocation of a Grant on the Basis of a Disciplinary Offence 
1.In case a successful applicant of a grant competition commits a disciplinary offence, an awarded grant might be revoked upon a decision of a Disciplinary Committee. 
2. Depending on seriousness of a disciplinary offence, a Disciplinary Committee shall have a right not to terminate a grant, suspend a grant for maximum 1 (one) year or entirely revoke a grant. 

Article 31. Revocation of a Grant on the Basis of Poor Academic Performance 
1. Validity of an awarded grant depends on index of semester assessment (GPA) of a student except for the first three semesters.
 2. Assessment of a previous semester of a successful applicant of a grant competition must be minimum 81 points for each subject as a prerequisite for prolonging a grant for the next semester except for the semesters indicated in paragraph 1 of this Article. 
3. If semester assessment of a successful applicant of a grant competition is less than 81 points, a grant is revoked at the end of the mentioned semester. 
4. Upon decision of the Rector of the University, an applicant might retain a grant regardless the basis defined by this article, if poor academic performance is conditioned due to invincible, objective, obstructing circumstances beyond an applicant’s control. 
5. A successful applicant of a grant competition shall have a right to request restoration of a grant if his/her semester assessment will be at least 81 points. Rules described in this Article apply for prolongation and suspend of the restored grant.

Article 32. Revocation of a Grant Based on Suspension or Termination of Student Status 
1. If student status of successful applicant of a grant competition is suspended, a grant is revoked at the end of the semester in which student status suspension occur. 
5. A successful applicant of a grant competition shall have a right to request restoration of a grant if his/her student status is restored. 
1. If student status of successful applicant of a grant competition is terminated, a grant is revoked at the end of the semester in which student status termination occur. 

Article 33. Basis for Revoking a Scholarship 
1. Revocation of a scholarship implies loss of a right to benefit from financial concession by a successful applicant of a scholarship competition.
2. The scholarship can be revoked on the following basis: 
a) Submission of wrong and/or false information by an applicant in the frames of a scholarship competition. 
b) Disciplinary offence committed by a successful applicant of a grant competition as set by Student Ethic Code.
1. If it turns out that a nominated applicant submitted wrong and/or false information in the frames of a scholarship competition, awarded scholarship is revoked regardless a date of enacting it. 
2. In case a scholarship is revoked on the basis of submitting wrong and/or false information, the University shall have a right to request an applicant reimbursement of amount of money that he/she received as a form of financial concession during validity period of the mentioned scholarship. 
3. Alongside with revocation of a scholarship, an applicant might be imposed a disciplinary action in congruence with internal normative acts of the University. 
1.In case a successful applicant of a scholarship competition commits a disciplinary offence, an awarded scholarship might be revoked upon a decision of a Disciplinary Committee. 
2. Depending on seriousness of a disciplinary offence, a Disciplinary Committee shall have a right not to terminate a scholarship, suspend an eligibility to apply for scholarship for maximum 1 (one) year or entirely revoke eligibility for scholarship. 

Article 34. Appeal on Revocation of Grant and Scholarship
1. Revocation of grant and scholarship is set by Rector’s Order.
2.    The revocation of grant and/or scholarship can be appealed within 3 (three) days after the issue of Rectors order, through the Appeals Committee, through procedure, set in Chapter V of this Regulation.

Chapter VII. Transitional Provisions 

Article 35. Transitional Provisions 
1. The regulation to be in force for 2024-2025 academic year. 
2. Rule of obtaining funding for studies, adopter by Resolution N15 of University Academic Council, dated as of March 27, 2020, to be declared obsolete.
3. Scholarship for the students given under previous Regulation (Rule of obtaining funding for studies, adopter by Resolution N15 of University Academic Council, dated as of March 27, 2020) remains in force for fall semester 2024-2025. 
4.  In fall semester 2024-2025 students are eligible to use student grant and international exchange scholarships as set by this Regulation. 
5. The Graduates of 2023-2024 academic year are eligible to apply for graduate scholarship until January 1st, 2025.