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(a) If funds are available, the Division of Higher Education shall distribute Arkansas Workforce Challenge Scholarships to all students who meet the requirements under § 6-85-304.
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(b)
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(1) The division shall distribute scholarships from the funds available in an equal amount to every student eligible to receive a scholarship under this subchapter.
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(2) Except as provided in subsection (c) of this section, the maximum scholarship award a student may receive in an academic year shall be the lesser of:
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(A) Eight hundred dollars ($800); or
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(B)
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(i) The cost of the certificate program or program of study.
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(ii) The cost of a certificate program or program of study shall include:
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(a) Tuition, fees, or other charges;
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(b) Textbooks or other course materials; and
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(c) Equipment needed for a course.
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(3) The scholarship awards may be used for expenses included in the cost of the certificate program or program of study.
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(4) A scholarship under this section shall be only for the academic year for which it is awarded.
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(c)
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(1) If the division has funds remaining after making the distributions under subsection (b) of this section, the division shall distribute scholarships to students for the summer term of the academic year.
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(2) If funds are available under subdivision (c)(1) of this section, a student shall apply for a scholarship for a summer term by a date determined by the division preceding the summer term.
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(3)
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(A) The division shall distribute scholarships for a summer term in the same manner as under subsection (b) of this section.
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(B) Scholarships for a summer term may be used in the same manner as under subsection (b) of this section.
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(4) A student who received a scholarship under subsection (b) of this section may also receive a scholarship for a summer term.
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(d) The division shall disburse scholarship awards on behalf of an eligible student directly to the approved institution of higher education.