Oklahoma § 70-2502 - Scholarship awards

§ 70-2502. Scholarship awards

A. Subject to the availability of funds, an amount equivalent

to the nonguaranteed resident tuition at an institution of higher

education or the tuition at a technology center school where the

eligible student is enrolled in a CTP program shall be awarded by

allocation from the Oklahoma Higher Learning Access Trust Fund

created pursuant to Section 3953.1 of Title 70 of the Oklahoma

Statutes.

B. Benefits awarded through the scholarship program shall be

awarded to all eligible student applicants without any limitation on

the number of awards in any year other than the amount of funds

available for the scholarship program and the number of eligible

student applicants. Subject to the provisions of subsection C of

this section, if funds are not sufficient to provide awards for all

eligible student applicants, the Oklahoma State Regents for Higher

Education shall make awards on the basis of need. Provided, the

State Regents may take into consideration other grants and

scholarships received by an eligible student applicant when making

awards.

C. An award provided by this section shall not be allowed for

courses or other postsecondary units taken more than five (5) years

after the eligible student’s first semester of postsecondary

enrollment. The State Regents may award the scholarship program

benefits for courses or other postsecondary units taken more than

five (5) years after the eligible student’s first semester of

postsecondary enrollment only in hardship circumstances; provided,

however, no eligible student may receive benefits beyond a

cumulative time period of five (5) years.

D. The State Regents may, at the time an award is made on

behalf of an eligible student, set aside in the Oklahoma Higher

Learning Access Trust Fund funds for the full commitment made to the

student. For all academic years, students who have previously

received awards under the provisions of the Oklahoma Access and

Achievement Act and who have continued at all times to fulfill the

requirements for eligibility to receive awards provided pursuant to

the scholarship program shall be given an absolute priority for

Oklahoma Statutes - Title 70. Schools

continued financial support by the scholarship program above any

students who are applying for an award for the first time.

Added by Laws 2024, c. 330, § 2, eff. July 1, 2024.