15-62.5-04. Scholars program - Scholarship amounts - Stipends.
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/nd/title-15/chapter-15-62-5-scholars-program/15-62-5-04·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. a. Each semester, the state board of higher education shall provide to an eligible
student a scholarship in an amount not exceeding the tuition charged at the
institution in which the student is enrolled, provided the amount does not exceed
the highest undergraduate semester tuition charged at an institution of higher
education under the control of the state board of higher education.
b. Each quarter the state board of higher education shall provide to an eligible
student a scholarship in an amount not exceeding the tuition charged per quarter
at the institution in which the student is enrolled, provided the amount may not
exceed two-thirds of the highest undergraduate semester tuition charged at an
institution of higher education under the control of the state board of higher
education.
c. For purposes of this subsection, the rates are calculated using a traditional fall
and spring academic year.
2. The scholarships provided for under this section are conditioned on the student
maintaining a 3.5 cumulative grade point average, based on a 4.0 grading system.
3. Any student eligible for a scholarship under this section is also eligible for a stipend in
an amount not exceeding two thousand dollars annually. The state board of higher
education may distribute the stipend on a semester or a quarter basis.
4. a. A student is not entitled to receive scholarships under this chapter for more than
the equivalent of:
(1)Eight semesters of full-time enrollment; or
(2)Twelve quarters of full-time enrollment.
b. Notwithstanding subdivision a, a student is not entitled to receive a scholarship
under this chapter after the student obtains a baccalaureate degree.
5. The state board of higher education shall forward scholarships and stipends payable
under this chapter directly to the institution in which the student is enrolled.
6. The board may not issue a scholarship under this chapter which is in excess of the
total cost of attendance, as determined by the institution of higher education, when
considering all financial aid sources.