Arkansas § 6-82-311 - Term, renewal, and allocation of scholarships.

§ 6-82-311. Term, renewal, and allocation of scholarships.

An Arkansas Governor's Scholarship or Arkansas Governor's Distinguished Scholarship may be awarded annually for a period not to exceed an academic year. A scholarship shall correspond to academic terms, semesters, quarters, or equivalent time periods at the eligible institutions. In no instance may the entire amount of the grant for an educational year be paid to or on behalf of students in advance. Provided sufficient funds are available, a scholarship shall be awarded for one (1) academic year and renewed annually for three (3) additional academic years if the following conditions for renewal are met: A student receiving a scholarship under § 6-82-312(a) maintains not less than a 3.0 grade point average on a 4.0 scholastic grading scale; A student receiving a scholarship under § 6-82-312(b) maintains not less than a 3.25 grade point average on a 4.0 scholastic grading scale; A recipient of a scholarship under § 6-82-312(a) or (b) has successfully completed a total of at least twenty-seven (27) hours during the first full academic year and, if applicable, a total of at least thirty (30) hours per academic year thereafter; A recipient of a scholarship under § 6-82-312(a) or (b) has met any other continuing eligibility criteria established by the Division of Higher Education; and If a student who has continuously been a recipient of the scholarship under § 6-82-312(a) or (b) for at least three (3) consecutive years is enrolled as a part-time student in the student's fourth academic year, the student shall be eligible to continue to receive the scholarship under § 6-82-312(a) or (b) if the student has completed, by his or her fourth academic year, or is enrolled in, for his or her fourth academic year, the requisite number of credit hours to complete the student's degree program. The scholarship amount for each semester in which a student who is the recipient of a scholarship under § 6-82-312(a) or (b) is enrolled under this subsection shall be prorated by the number of credit hours in which the student is enrolled.