116-280. Definitions. The following definitions apply to this Article: (1) Academic year. – A period of time in which a student is expected to complete the equivalent of at least two semesters’ or three quarters’ academic work. (1a) Armed Forces. – As defined in G.S. 116-143.3(a)(2). (2) Authority. – The State Education Assistance Authority created […]
116-281. Eligibility requirements for scholarships. In order to be eligible to receive a scholarship under this Article, a student seeking a degree, diploma, or certificate at an eligible private postsecondary institution must meet all of the following requirements: (1) Only needy North Carolina students are eligible to receive scholarships. For purposes of this subsection, "needy […]
116-281.1. Semester limitation on eligibility for scholarship. (a) A student shall not receive a scholarship under this Article for more than 10 full-time academic semesters, or the equivalent if enrolled part-time, unless the student is enrolled in a program officially designated by the eligible private postsecondary institution as a five-year degree program. If a student […]
116-282. Scholarship amounts; amounts dependent on availability of funds. (a) Subject to the sum appropriated by the General Assembly for an academic year to be awarded as scholarships under this Article, a scholarship awarded under this Article to a student at an eligible private postsecondary institution shall be determined annually by the Authority based upon […]
116-283. Administration; unexpended scholarship funds do not revert. (a) The scholarships provided for in this Article shall be administered by the Authority under rules adopted by the Authority in accordance with the provisions of this Article. (b) The Authority may use up to one and one-half percent (1.5%) of the funds appropriated for scholarships under […]
