Section 20-26-616 - STEM scholarship amounts - renewal requirements(1) A student who meets the requirements of 20-26-615 will receive a $1,000 scholarship for the first academic year the student is enrolled at a postsecondary institution.(2) A student who meets the requirements of this subsection will receive an additional scholarship for up to 3 subsequent academic years. To be eligible for the STEM scholarship in a subsequent academic year, the student must: (a) have completed at least: (i) 30 credit hours in the first academic year to be eligible for a $1,500 scholarship in the second academic year;(ii) 60 credit hours by the end of the second academic year to be eligible for a $1,500 scholarship in the third academic year; and(iii) 90 credit hours by the end of the third academic year to be eligible for a $2,000 scholarship in the fourth academic year;(b) have maintained a grade point average of at least 3.0;(c) be enrolled full time at the postsecondary institution in the current academic year; and(d) continue to pursue a STEM or health care major.(3) The legislature intends scholarships to be awarded at the full amounts provided for in this section. If the funds in the account established in 20-26-617 are insufficient to fully fund the program for a year, scholarships shall be prorated and awarded pursuant to 20-26-617(4).Amended by Laws 2019, Ch. 300,Sec. 13, eff. 7/1/2019.Added by Laws 2015, Ch. 385, Sec. 3, eff. 7/1/2015.