Sec. 8. (a) Except as provided in this chapter, a scholarship is equal to the lesser of the following amounts:
(1) The balance of the student's total cost of attendance for the academic year.
(2) Four thousand dollars ($4,000).
(b) If the total of all scholarships awarded under this chapter exceeds the amount available for distribution in a state fiscal year, the amount to be distributed to each applicant shall be proportionately reduced so that the total reduction equals the amount of the excess based on the financial need of each eligible applicant.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.7-7(a) part.]
As added by P.L.2-2007, SEC.254. Amended by P.L.148-2016, SEC.5.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.