It is the intent and purpose of the General Assembly through this subchapter to:
(1) Provide financial aid to Delaware residents with demonstrated financial need so that within the limits of the fiscal capabilities of the State they shall not be denied an opportunity for a college education because of financial need;
(2) Provide a financial incentive for higher academic achievement for students who qualify to receive such scholarships; and
(3) Encourage qualified Delaware students to pursue courses of graduate and professional education when such courses are unavailable in state-supported institutions and when such pursuit is deemed in the best interest of the State.
14 Del. C. 1953, § 3401; 54 Del. Laws, c. 208, § 1; 61 Del. Laws, c. 472, § 1; 62 Del. Laws, c. 258, § 2; 70 Del. Laws, c. 161, § 1; 73 Del. Laws, c. 188, § 1.