The amount of the benefits under this chapter is equal to one (1) of the following:

1. (1) If the eligible applicant does not receive financial assistance specifically designated for educational costs, the amount determined under sections 2 through 6 of this chapter.

2. (2) If the eligible applicant receives financial assistance specifically designated for educational costs:

   1. (A) the amount determined under sections 2 through 6 of this chapter; minus
   2. (B) the financial assistance specifically designated for educational costs.

As added by P.L.141-2008, SEC.4.