An award shall be canceled if: A recipient of an EA Grant or GA Grant fails to accept the award within the time specified in the award notification to the recipient; A recipient of an EA Grant or GA Grant fails to satisfy all verification requirements; A recipient of a GA Grant fails to submit all requested supplemental information or documentation to OSFA or an institution by the deadline established by OSFA; An institution reports on the billing roster that the recipient is: Not enrolled at that institution in a regular program; Not enrolled as a full-time student; Not meeting the required number of successfully completed credits under Regulation .04 of this chapter; Not making satisfactory academic progress; Not a resident of the State or not eligible for in-State tuition; or In default of a Title IV loan or owes a refund of Title IV assistance; or An institution reports on the credit roster that the recipient is not meeting the required number of successfully completed credits under Regulation .04 of this chapter. An award shall be adjusted in accordance with Regulation .04 of this chapter if an institution reports on the billing roster that a recipient who received the grant for 2 prior years has completed a minimum of 24 credits but fewer than 30 credits.