20-26-616. STEM scholarship amounts -- renewal requirements.
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20-26-616 . STEM scholarship amounts -- renewal requirements.
(1)A student who meets the requirements of 20-26-615 will receive a $1,000 scholarship for the first academic year the student is enrolled at a postsecondary institution.
(2)A student who meets the requirements of this subsection will receive an additional scholarship for up to 3 subsequent academic years. To be eligible for the STEM scholarship in a subsequent academic year, the student must:
(a)have completed at least:
(i)30 credit hours in the first academic year to be eligible for a $1,500 scholarship in the second academic year;
(ii)60 credit hours by the end of the second academic year to be eligible for a $1,500 scholarship in the third academic year; and
(iii)90 credit hours by the end of the third academic year to be eligible for a $2,000 scholarship in the fourth academic year;
(b)have maintained a grade point average of at least 3.0;
(c)be enrolled full time at the postsecondary institution in the current academic year; and
(d)continue to pursue a STEM or health care major.
(3)The legislature intends scholarships to be awarded at the full amounts provided for in this section. If the funds in the account established in 20-26-617 are insufficient to fully fund the program for a year, scholarships shall be prorated and awarded pursuant to 20-26-617 (4).