§ 2538. Amount, duration

(a) Subject to subsection (c) of this section, an Armed Services Scholarship shall pay tuition for academic credit at a Vermont postsecondary institution eligible for student assistance funds under Title IV of the Higher Education Act of 1965 and leading to an undergraduate certificate or degree as follows:

(1) If the person attends the University of Vermont, the scholarship shall pay an amount equal to the actual tuition charged by the University to the person.

(2) If the person attends a Vermont State College, the scholarship shall pay an amount equal to the actual tuition charged by the institution to the person.

(3) If the person attends any other postsecondary institution located in Vermont, the scholarship shall pay an amount equal to the actual tuition charged by the institution to the person, or an amount equal to that which the scholarship would have paid if the person attended the University of Vermont pursuant to subdivision (1) of this subsection, whichever is less.

(b) An Armed Services Scholarship may be used for a maximum of 130 academic credits for an undergraduate certificate or degree.

(c) A person eligible and applying for an Armed Forces Scholarship shall apply for a federal Pell Grant. The amount of the Armed Services Scholarship awarded shall be the remaining tuition to be paid pursuant to subsection (a) of this section, following receipt of a Pell Grant.

(d) A person who has obtained a bachelor's degree is not eligible for an Armed Services Scholarship. (Added 1967, No. 199, § 2; amended 1973, No. 38; 2003, No. 21, § 3; 2003, No. 127 (Adj. Sess.), § 4; 2013, No. 50, § E.219.1.)