Conditions for continuing eligibility.

A. Except as provided in Subsection B of this section, a scholarship may be re- awarded to a student who: (1) was an award recipient the previous year; (2) maintains a grade point average of 3.0 or higher on a 4.0 scale and remains in good academic standing as determined by the eligible institution; and (3) is enrolled in at least six credit hours in a graduate field of study. B. A graduate scholarship may be granted until the award recipient either receives a terminal degree or has qualified and received eight semesters of scholarship, whichever occurs first.