(a) A recipient's scholarship account remains open, and all available scholarship funds remain in the recipient's scholarship account, from one (1) school year to another unless one (1) of the events described in subsection (b) occurs.
(b) A recipient's scholarship account must be closed, and all remaining scholarship funds returned to the state treasurer to be used to award scholarships to eligible students in future years pursuant to this part, upon the earlier of:(1) The recipient's graduation from high school or obtainment of a high school equivalency credential approved by the state board of education;(2) The recipient's enrollment in a kindergarten through grade twelve (K-12) public school;(3) The recipient's completion of thirteen (13) school years as a kindergarten through grade twelve (K-12) student;(4) The recipient's voluntary withdrawal from the scholarship program; or(5) The department disqualifying the recipient from participating in the program due to the recipient's noncompliance with program requirements.
(1) The recipient's graduation from high school or obtainment of a high school equivalency credential approved by the state board of education;
(2) The recipient's enrollment in a kindergarten through grade twelve (K-12) public school;
(3) The recipient's completion of thirteen (13) school years as a kindergarten through grade twelve (K-12) student;
(4) The recipient's voluntary withdrawal from the scholarship program; or
(5) The department disqualifying the recipient from participating in the program due to the recipient's noncompliance with program requirements.