Section 13-55A-4 - Amount of grant. - South Dakota Statutes

13-55A-4. Amount of grant. A participating eligible institution shall calculate the amount of a leveraging educational assistance partnership grant or special leveraging educational assistance partnership grant to a qualified student for the normal academic year, or its equivalent, from a range of not less than one hundred dollars nor more than one thousand dollars, and shall make a recommendation to the executive director for his approval, disapproval or modification. The institution making the recommendation for each leveraging educational assistance partnership grant or special leveraging educational assistance partnership grant shall consider any other financial assistance available to the qualified student in relation to the financial assistance available to other qualified students attending that institution and may not exceed the lesser of the unmet need of the qualified student or the amount of qualifying matching aid.

Source: SL 1974, ch 141, § 5; SL 1981, ch 159, § 3; SL 1982, ch 156, § 1; SL 2010, ch 104, § 4.