(1) Meet the requirements of §§ 49-4-904 and 49-4-905;
(2) Be admitted to and enroll in an eligible postsecondary institution no later than sixteen (16) months after graduation from high school; and
(3)
(A) Achieve a final overall weighted high school grade point average of at least 3.0; or
(B) Attain a composite ACT score of at least 21 on any single ACT test date or a concordant equivalent score on the SAT on any single SAT test date.