Terms of state fellowships (Repealed)

State fellowships shall consist of an annual award of $10,000, plus an additional amount of up to $3,000 annually for public university recipients and up to $12,250 annually for independent university recipients for tuition and fees. Fellowships shall be awarded for one academic year, but may be renewed, subject to the continued eligibility of the recipient and the availability of appropriated funds. In no case shall a student be eligible for a fellowship for more than four years of study. Each fellowship recipient shall have a teaching assignment equivalent to a minimum of one three-credit hour course per semester for three years of the maximum four year fellowship period. Fellowship funds may be used as salary stipends for these teaching assignments. The teaching assignment may be carried out at the eligible institution or at any public higher education institution in the state of Connecticut subject to the approval of both institutions and any other restrictions imposed by statute, regulation, or collective bargaining agreement. An eqivalent research assistant assignment may be substituted for one of these annual teaching assignment may be substituted for one of these annual teaching assignments. The fellowship award shall be disbursed by the institution in equal payments at the beginning of the fall and spring academic semesters if the student continues in good academic standing in the designated program. One-half of the fellowship award shall be a grant; the remaining one-half shall be a loan. The loan component is subject to the forgiveness provisions described in Sec. 10a-25p-8 of these regulations.