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

1. (1) If the 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 applicant receives any financial assistance, including federal 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.

      [Pre-2007 Higher Education Recodification Citation: 20-12-19-2.]

As added by P.L.2-2007, SEC.255. Amended by P.L.169-2011, SEC.20.