(a)There is established the Arkansas Future Grant Program within the Division of Higher Education.
(b)A student is eligible for an Arkansas Future Grant if the student is an Arkansas resident who:
(1)Meets one (1) of the following requirements:
(A)Has either:
(i)Graduated from an Arkansas:
(b)Private high school; or (c) Home school under § 6-15-501 et seq.; or (ii) Received a high school equivalency diploma approved by the Adult Education Section; or (B) Verifies that he or she has resided in Arkansas for the three (3) years immediately preceding application for the grant and has either:
(i)Graduated from an out-of-state:
(b)Private high school; or (c) Home school recognized by another state; or (ii) Received a high school equivalency
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(a) There is established the Arkansas Future Grant Program within the Division of Higher Education. (b) A student is eligible for an Arkansas Future Grant if the student is an Arkansas resident who: (1) Meets one (1) of the following requirements: (A) Has either: (i) Graduated from an Arkansas: (a) Public high school; (b) Private high school; or (c) Home school under § 6-15-501 et seq.; or (ii) Received a high school equivalency diploma approved by the Adult Education Section; or (B) Verifies that he or she has resided in Arkansas for the three (3) years immediately preceding application for the grant and has either: (i) Graduated from an out-of-state: (a) Public high school; (b) Private high school; or (c) Home school recognized by another state; or (ii) Received a high school equivalency diploma approved by another state; (2) Is enrolled part-time or full-time at an approved institution of higher education in a program of study that leads to an associate degree or a certification in a: (A) Science, technology, engineering, accounting, finance, nursing, education, or mathematics field, including without limitation computer science, information technology, data analysis, or graphic design; (B) Regional high-demand field; or (C) State high-demand field; and (3) Has completed and submitted to the United States Department of Education a Free Application for Federal Student Aid (FAFSA) or a subsequent application required by the United States Department of Education for federal financial aid. (c) A student may continue to be eligible until the student has: (1) Received the grant for five (5) academic semesters; (2) Obtained an associate degree; (3) Failed to maintain satisfactory academic progress, as determined by the approved institution of higher education in which the student is enrolled; or (4) Failed to complete the mentoring or community service requirements under § 6-82-1804 .