(a) (1) Except as provided in paragraph (2) of this subsection, the annual amount of the 2+2 Transfer Scholarship awarded under this subtitle shall be $1,000.
(2) For a student who enrolls in a science, teaching, engineering, computer science, mathematics, or nursing program at a public senior higher education institution or a private nonprofit institution of higher education in the State, the annual amount of the 2+2 Transfer Scholarship awarded under this subtitle shall be $2,000.
(b) A 2+2 Transfer Scholarship may be used for tuition and mandatory fees for 3 years of study, or six semesters of study, whichever is longer.
(c) To retain a 2+2 Transfer Scholarship, the recipient shall:
(1) Remain a resident of the State;
(2) Continue to be enrolled as an undergraduate student in a degree program at a public senior higher education institution or a private nonprofit institution of higher education in the State;
(3) Maintain a 2.5 grade point average on a 4.0 scale each academic year the individual is enrolled at a public senior higher education institution or a private nonprofit institution of higher education in the State or provide evidence satisfactory to the Office of extenuating circumstances; and
(4) Maintain the standards of the eligible institution that the individual attends.