1. (a) Except as provided in subsection (b), the commission shall establish standards that a student must meet to remain eligible to receive a scholarship under this chapter. The standards must include the following:

   1. (1) Maintaining a cumulative minimum grade point average of at least 3.0 on a 4.0 scale.
   2. (2) Enrolling in and completing at least fifteen (15) credit hours each semester or its equivalent.
   3. (3) Any other requirements the commission considers necessary.
2. (b) The commission may allow a student who fails to meet the standards described in subsection (a) and is ineligible for an award during the next academic year to maintain eligibility if the student submits a petition to the commission in a manner prescribed by the commission so that the commission may make a determination that extenuating circumstances, as determined by the commission, prevented the student from meeting the standards described in subsection (a).

3. (c) If the commission grants a waiver under subsection (b), the commission may:

   1. (1) place the student on probationary status; and
   2. (2) establish additional requirements for the student.

As added by P.L.161-2023, SEC.3.