(a) An applicant must meet the following requirements to be eligible to receive the Student Undergraduate Research Fellowship:

1. (1) The applicant must be a citizen of the United States or a permanent resident alien;
2. (2) The applicant shall be enrolled in an approved Arkansas institution of higher education as a full-time student as defined by the Division of Higher Education;

3. (3)

   1. (A) The applicant must be enrolled in a program of study that leads to or is creditable towards a baccalaureate degree.
   2. (B) These programs include baccalaureate and associate degree programs;
4. (4) The applicant must have completed at least thirty (30) semester credit hours before funds are awarded;
5. (5) The applicant must have a minimum cumulative 3.25 grade point average; and
6. (6) The applicant must have a tenured or full-time faculty member to serve as his or her mentor.