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    The amount of a scholarship awarded under this part for a full-time student for any academic year is $5,000. The Secretary reduces the scholarship amount by the amount that the scholarship would otherwise exceed the Scholar's cost of attendance. In the event that funds available in a fiscal year are insufficient to fund fully each award under this part, The Secretary reduces proportionately each scholarship and the amount paid to each Scholar.

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    The amount of a scholarship awarded under this part for a full-time student for any academic year is $5,000. The Secretary reduces the scholarship amount by the amount that the scholarship would otherwise exceed the Scholar's cost of attendance. In the event that funds available in a fiscal year are insufficient to fund fully each award under this part, The Secretary reduces proportionately each scholarship and the amount paid to each Scholar.

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    Description: Tags: Doc2102 Bodyoftext

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    The amount of a scholarship awarded under this part for a full-time student for any academic year is $5,000. The Secretary reduces the scholarship amount by the amount that the scholarship would otherwise exceed the Scholar's cost of attendance. In the event that funds available in a fiscal year are insufficient to fund fully each award under this part, The Secretary reduces proportionately each scholarship and the amount paid to each Scholar.

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    IFAP
    FSA Information for Financial Aid Professionals
    U.S. Department of Education

    Citations: (R)652.4
    AsOfDate: 12/31/95

    In what amounts are scholarships awarded?

    (a) Except as provided in paragraphs (b) and (c) of this


    section, the amount of a scholarship awarded under this part for
    a full-time student for any academic year is $5,000.

    (b) The Secretary reduces the scholarship amount


    awarded under this part by the amount that the scholarship would
    otherwise exceed the Scholar's cost of attendance, as defined in
    section 472 of the Higher Education Act of 1965, as amended.

    (c) In the event that funds available in a fiscal year are


    insufficient to fund fully each award under this part, the Secretary
    reduces proportionately each scholarship and the amount paid to
    each Scholar.

    (Authority: 20 U.S.C. 5385)

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