To qualify for a 2+2 Transfer Scholarship, an applicant shall:

(1)    Be a resident of the State;

(2)    Be a student at a community college in the State;

(3)    Maintain a cumulative 2.5 grade point average on a 4.0 scale while a student at a community college in the State;

(4)    Have earned an associate’s degree from a community college in the State by the end of the semester in which the applicant plans to transfer;

(5)    Be accepted for admission in a degree program at a public senior higher education institution or a private nonprofit institution of higher education in the State;

(6)    Intend to enroll in a public senior higher education institution or a private nonprofit institution of higher education in the State in order to complete a bachelor’s degree program;

(7)    On or after the fall semester of 2014, enroll as a full–time student in a public senior higher education institution or a private nonprofit institution of higher education in the State by the fall semester following completion of the associate’s degree;

(8)    In the case of an individual who is required to register with the Selective Service System, have complied with the registration requirement;

(9)    Have completed the federal Free Application for Federal Student Aid (FAFSA);

(10)    Have demonstrated financial need, defined as a federally calculated expected family contribution (EFC) of $10,000 or less as reported on the student’s FAFSA; and

(11)    Accept any other conditions or satisfy any additional criteria that the Commission or the Office may establish.