Renewal of scholarship

Sec. 3. (a) Subject to subsection (b), each scholarship awarded under this chapter: (1) may be renewed under this chapter for a total scholarship award that does not exceed the equivalent of the number of terms that constitutes six (6) academic years as determined by the commission; and (2) is subject to other eligibility criteria as established by the commission. (b) A scholarship awarded under this chapter may not be renewed if the eligible individual fails to maintain at least a cumulative grade point average that the eligible institution determines is satisfactory academic progress. [Pre-2007 Higher Education Recodification Citation: 20-12-74-7(b).] As added by P.L.2-2007, SEC.254. Amended by P.L.281-2013, SEC.32; P.L.217-2015, SEC.5; P.L.63-2021, SEC.6.