§ 6-82-1104 - Amount and duration of scholarship -- Funding. - Arkansas Statutes

6-82-1104. Amount and duration of scholarship -- Funding.

(a) Each recipient shall receive a scholarship for one (1) academic year or its equivalent for part-time students, as defined by the Department of Higher Education. The scholarship shall be renewable for up to three (3) academic years, or their equivalent for part-time students, if the recipient meets continuing eligibility criteria established by the department.

(b) (1) The amount of the annual scholarship shall be the lesser of one thousand dollars ($1,000) or the annual tuition charged by the approved institution in which the recipient is enrolled.

(2) For part-time students who are recipients, the amount of the annual scholarship shall be prorated on the basis of the number of credit hours enrolled each term such that the recipient receives the maximum equivalent of two hundred fifty dollars ($250) per three (3) credit hours each term up to a maximum of one thousand dollars ($1,000).

(3) Tuition shall mean the charges defined in 6-82-1102(4).

(c) Scholarships shall be awarded to eligible recipients contingent on the appropriation of funds for this purpose to the department.