Section 2502 - [Effective 7/1/2024]A. Subject to the availability of funds, an amount equivalent to the nonguaranteed resident tuition at an institution of higher education or the tuition at a technology center school where the eligible student is enrolled in a CTP program shall be awarded by allocation from the Oklahoma Higher Learning Access Trust Fund created pursuant to Section 3953.1 of Title 70 of the Oklahoma Statutes.B. Benefits awarded through the scholarship program shall be awarded to all eligible student applicants without any limitation on the number of awards in any year other than the amount of funds available for the scholarship program and the number of eligible student applicants. Subject to the provisions of subsection C of this section, if funds are not sufficient to provide awards for all eligible student applicants, the Oklahoma State Regents for Higher Education shall make awards on the basis of need. Provided, the State Regents may take into consideration other grants and scholarships received by an eligible student applicant when making awards.C. An award provided by this section shall not be allowed for courses or other postsecondary units taken more than five (5) years after the eligible student's first semester of postsecondary enrollment. The State Regents may award the scholarship program benefits for courses or other postsecondary units taken more than five (5) years after the eligible student's first semester of postsecondary enrollment only in hardship circumstances; provided, however, no eligible student may receive benefits beyond a cumulative time period of five (5) years.D. The State Regents may, at the time an award is made on behalf of an eligible student, set aside in the Oklahoma Higher Learning Access Trust Fund funds for the full commitment made to the student. For all academic years, students who have previously received awards under the provisions of the Oklahoma Access and Achievement Act and who have continued at all times to fulfill the requirements for eligibility to receive awards provided pursuant to the scholarship program shall be given an absolute priority for continued financial support by the scholarship program above any students who are applying for an award for the first time.Okla. Stat. tit. 70, § 2502
Added by Laws 2024, c. 330,s. 2, eff. 7/1/2024.