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8. Benefits hereunder shall be in the form of tuition credits limited by the lesser of full tuition or:

a. for educational institutions regularly operated on the semester system, $200 per semester.

b. for educational institutions regularly operated on the quarter system, $100 per quarter.

c. for educational institutions not regularly operated on the semester or quarter system, $400 per full school year prorated on an equal basis as the department shall determine.

d. for veterans pursuing a program of part-time education, the tuition credit shall be in such amounts as the department shall determine. These veterans shall be eligible to receive awards during summer terms, provided that the total award during the period from September 1 to August 31 of any academic year does not exceed the amount of assistance a full-time student at the same institution would receive.

L.1999,c.46,s.8.