13B.08.21.06

.06 Amount of Scholarship.

A. An annual scholarship may not exceed $5,000, or actual tuition, whichever is less.

B. The minimum a scholarship award amount may not be less than $100 per semester and $200 for the academic year.

C. Any student financial aid, other than a loan, shall be credited to the recipientís tuition before the calculation of the scholarship amount.