§ 21-12-16-8 — Amount of scholarship awards; limits; distribution

Indiana § 21-12-16-8

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 12: GENERAL SCHOLARSHIPS AND GRANTS
• Ch. 16: Next Generation Hoosier Educators Scholarship

Text

(a) Subject to subsections (b) and (c), if an
applicant meets the requirements under section 5 of this chapter, the
commission may award, for not more than four (4) academic years, a
scholarship to the applicant in an amount of ten thousand dollars
($10,000) for each academic year that the applicant attends the
accredited postsecondary educational institution approved by the
commission under section 10 of this chapter.
(b) The commission may not award a scholarship under section 5 of
this chapter in an amount of more than a total of forty thousand dollars
($40,000) to an individual applicant.
(c) If the total amount to be distributed from the fund in a state fiscal
year exceeds the amount available for distribution, the amount to be
distributed to each eligible applicant shall be proportionately reduced
so that the total reductions equal the amount of the excess.

Legislative History

As added by P.L.105-2016, SEC.1. Amended by P.L.161-2023, SEC.2; P.L.242-2023, SEC.4; P.L.9-2024, SEC.426.