R765-609C-6. Award Amounts and Renewals

(1) The board shall determine award amounts, depending on the annual legislative appropriation, whether the institution is a credit granting or non-credit granting institution, and the number of qualified applicants. (2) Each student who meets the eligibility criteria and enrolls at a credit granting institution shall receive a four-semester scholarship award, the amount of which shall be determined annually by the board. A student who enrolls in a non-credit granting institution shall receive a one-time scholarship award, the amount of which shall be determined annually by the board, which the institution may disburse over the course of a recipient's enrollment within this policy's limits and requirements. (3) A scholarship recipient who enrolls at a credit granting institution must maintain a 3.0 GPA and complete a minimum of 12 credit hours per academic semester to remain eligible for the award. A student who earns less than a 3.0 semester GPA shall be placed on probation. If the recipient again at any time earns less than a 3.0 GPA, the scholarship may be revoked. Each institutions shall verify the recipient has met these requirements. Any recipient who does not maintain eligibility shall forfeit the remaining award amount.