390.1185 Scholarship amount; determination; limitation.
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390.1185 Scholarship amount; determination; limitation.
Sec. 5.
(1)Subject to subsection (2), each scholarship recipient shall receive a $4,000.00 scholarship for 1 academic year of full-time enrollment, or a partial scholarship for part-time enrollment, in a nursing program. The authority shall determine the amount of a partial scholarship by multiplying $4,000.00 by the number of credit hours for which a student enrolls in an academic year, and dividing the product by 30 if the nursing program uses semester credits or by 45 if the nursing program uses term credits.
(2)A scholarship described in subsection
(1)shall not exceed an amount equal to the recipient's eligible costs minus any other grants or scholarships the recipient receives in any academic year in a nursing program.
(3)An individual shall not receive scholarship assistance for more than 4 academic years.
History: 2002, Act 591 , Imd. Eff. Oct. 17, 2002