Montana Code 20-26-616. STEM scholarship amounts — renewal requirements
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.
Terms Used In Montana Code 20-26-616
- fund: means a separate detailed account of receipts and expenditures for a specific purpose as authorized by law or by the superintendent of public instruction under the provisions of subsection (2). See Montana Code 20-9-201
- Postsecondary institution: means :
(a)a unit of the Montana university system, as defined in 20-25-201;
(b)a Montana community college, defined and organized as provided in 20-15-101; or
(c)an accredited tribal college located in the state of Montana. See Montana Code 20-26-603
- Scholarship: means a payment toward the cost of attendance at a qualifying postsecondary institution, rounded up to the nearest dollar. See Montana Code 20-26-603
- STEM or health care major: means a major that is related to science, technology, engineering, mathematics, or health care. See Montana Code 20-26-603
(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).