Md. Code Regs. 13B.08.12.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 13B.08.12.03 - Use and Amount of Award

A. A scholarship may be used for educational expenses at any eligible institution.

B. The annual award may not exceed the amount of 50 percent of the equivalent annual tuition and mandatory fees and room and board of a resident undergraduate at a 4-year public institution of higher education within the University System of Maryland, other than the University of Maryland Global Campus and the University of Maryland, Baltimore, with the highest annual expenses for a full-time resident undergraduate.

C. If a recipient of a scholarship receives federal education benefits for which the recipient qualifies as a result of the individual's military service, status as a dependent of a member of the armed forces, or status as a veteran of the armed forces, the amount of the federal education benefits received for the purposes of educational expenses shall be credited against the recipient's educational expenses before the calculation of the scholarship award amount.

Md. Code Regs. 13B.08.12.03

Regulation .03 amended effective 50:16 Md. R.727, eff. 8/21/2023