Section 21-13-9-5 - Scholarship selection; maximum scholarship amount(a) The commission, in coordination with the Marian University College of Osteopathic Medicine, shall select from among the qualified students who will receive a scholarship under this chapter. The commission may not create or use a waiting list for scholarships under this chapter.(b) The amount of the scholarship that may be awarded to a qualified student for a particular school year shall be determined by the commission, in coordination with the Marian University College of Osteopathic Medicine, and may not exceed the following: (1) If the scholarship is awarded in the first class year, a maximum of fifteen thousand dollars ($15,000) per year for four (4) class years.(2) If the scholarship is awarded in the second class year: (A) a maximum of seven thousand five hundred dollars ($7,500) for the first class year; and(B) a maximum of ten thousand dollars ($10,000) per year for the second through fourth class years.(3) If the scholarship is awarded in the third class year:(A) a maximum of five thousand dollars ($5,000) for the first class year;(B) a maximum of seven thousand five hundred dollars ($7,500) for the second class year; and(C) a maximum of ten thousand dollars ($10,000) per year for the third and fourth class years.(4) If the scholarship is awarded in the fourth class year:(A) a maximum of two thousand five hundred dollars ($2,500) for the first class year;(B) a maximum of five thousand dollars ($5,000) for the second class year;(C) a maximum of seven thousand five hundred dollars ($7,500) for the third class year; and(D) a maximum of ten thousand dollars ($10,000) for the fourth class year.(c) A qualified student may not qualify for a scholarship for more than four (4) school years.Amended by P.L. 108-2019,SEC. 236, eff. 7/1/2019.Amended by P.L. 217-2017,SEC. 145, eff. 7/1/2017.Amended by P.L. 191-2017,SEC. 8, eff. 7/1/2017.Added by P.L. 205-2013, SEC. 219, eff. 7/1/2013.