1. (a) This section applies to the following scholarship, stipend, and fee remission statutes:

   1. (1) IC 21-12-3 .
   2. (2) IC 21-12-4 .
   3. (3) IC 21-12-6 .
   4. (4) IC 21-13-2 .
   5. (5) IC 21-13-7 .
   6. (6) IC 21-13-8 .
   7. (7) IC 21-13-4 .
   8. (8) IC 21-14-5 .
   9. (9) IC 21-12-16 .

2. (b) Except as provided in subsection (c), and except for a stipend granted under IC 21-13-8 to an individual described in IC 21-13-8-1 (b)(2)(B), a grant or reduction in tuition or fees, including all renewals and extensions, under any of the laws listed in subsection (a) may not exceed the number of terms that constitutes:

   1. (1) except as provided in subdivision (2), four (4) undergraduate academic years, as determined by the commission; or

   2. (2) for purposes of IC 21-13-4 , six (6) academic years as determined by the commission;

      and must be used within eight (8) years after the date the individual first applies and becomes eligible for benefits under the applicable law.

3. (c) The commission may, subject to the availability of funds, extend eligibility under subsection (b) for a recipient who used a grant or reduction in tuition or fees under any of the statutes listed in subsection
4. (a) at a postsecondary educational institution that closed. The extension of eligibility may not exceed the number of terms used by the recipient at the postsecondary educational institution that closed.

As added by P.L.169-2011, SEC.14. Amended by P.L.205-2013, SEC.314; P.L.281-2013, SEC.28; P.L.2-2014, SEC.92; P.L.159-2016, SEC.1; P.L.191-2017, SEC.3; P.L.81-2019, SEC.6; P.L.63-2021, SEC.1.