The amount of the scholarship awarded to a recipient shall be based on the location of the institution the recipient chooses to attend:

1. A. New Mexico institutions: If the institution is in New Mexico, the amount of the scholarship shall be equal to the amount of tuition, room and board charged by the institution attended.
2. B. Institution outside of New Mexico: If the institution is not in New Mexico, the amount of the scholarship shall not exceed the average cost of attendance at New Mexico research institutions.

[5.7.6.10 NMAC - N, 08/29/2014; A, 7/24/2018]