.05 Scholarship Renewal.

A. Subject to Regulation .06 of this chapter, an applicant shall be eligible to renew a scholarship for a subsequent year if the applicant:

(1) Timely submits an application under Regulation .04 of this chapter; and

(2) Continues to meet the requirements of Regulation .03 of this chapter.

B. A recipient may receive a scholarship for a maximum of 2 years.