1. (a) Subject to IC 21-12-13-2 , a scholarship awarded under section 6 of this chapter or this section may be renewed. To qualify for a scholarship renewal, a scholarship recipient must do the following:

   1. (1) Submit to the commission a renewal application that contains all the information and evidence required by the commission to determine eligibility for the scholarship renewal.
   2. (2) Continue to be enrolled as full-time student in good standing at an eligible institution.
   3. (3) This subdivision applies only to applicants who initially enroll in the program under section 5 of this chapter or IC 21-12-6.5-2 after June 30, 2011. For purposes of this chapter, applicants who are enrolled in the program before July 1, 2011, will not have an income or financial resources test applied to them when they subsequently apply to renew a scholarship. Continue to have a lack of financial resources reasonably available to the applicant, as defined by the commission, that, in the absence of an award under this chapter, would deter the scholarship applicant from completing the applicant's education at the approved postsecondary educational institution that the applicant has selected and that has accepted the applicant.
   4. (4) Maintain satisfactory academic progress, as determined by the eligible institution.

   5. (5) If the student initially enrolls in an eligible institution for an academic year beginning after August 31, 2013, the student successfully completes:

      1. (A) at least thirty (30) credit hours or the equivalent by the end of the student's first academic year;
      2. (B) at least sixty (60) credit hours or the equivalent by the end of the student's second academic year; and

      3. (C) at least ninety (90) credit hours or the equivalent by the end of the student's third academic year.

         A student's academic years used to determine if the student meets the requirements of this subdivision are not required to be successive calendar years. A recipient who fails to meet the credit hour requirement for a particular academic year becomes ineligible for an award during the next academic year. The recipient may become eligible for an award in subsequent academic years if that recipient meets the aggregate credit hour requirements commensurate with the recipient's academic standing. In addition, the commission may allow a student who is otherwise ineligible under this subdivision for an award during the next academic year to maintain eligibility for an award if the student submits a petition to the commission and the commission makes a determination that extenuating circumstances (as determined by the commission) prevented the student from meeting the requirements of this subdivision. This subdivision expires June 30, 2017.

   6. (6) Beginning in an academic year beginning after August 31, 2017, the student successfully completes:

      1. (A) at least thirty (30) credit hours or the equivalent during the last academic year in which the student received state financial aid; or
      2. (B) at least thirty (30) credit hours or the equivalent during the last academic year in which the student was enrolled in postsecondary education.
   7. (7) Continue to meet any other minimum criteria established by the commission.

2. (b) In determining eligibility under subsection (a)(6), the commission shall apply all the following types of credits regardless of whether the credits were completed during the last academic year described in subsection (a)(6)(A) or (a)(6)(B):

   1. (1) Credits earned from dual credit, advanced placement, and international baccalaureate courses.
   2. (2) College credits earned during high school.
   3. (3) Credits earned exceeding thirty (30) credit hours during a previous academic year in which a student received state financial aid.

3. (c) The commission may allow a student who is otherwise ineligible under subsection (a)(6) for an award during the next academic year to maintain eligibility for an award if the student submits a petition to the commission and the commission makes a determination that extenuating circumstances (as determined by the commission) prevented the student from meeting the requirements under subsection (a)(6).

   [Pre-2007 Higher Education Recodification Citation: 20-12-70-11(b).]

As added by P.L.2-2007, SEC.253. Amended by P.L.169-2011, SEC.9; P.L.229-2011, SEC.229; P.L.281-2013, SEC.17; P.L.165-2016, SEC.12.