(a) For an applicant to be eligible for a grant under AS 14.43.400 - 14.43.420, the applicant must be
(1) a resident of this state;
(2) enrolled or about to be enrolled
(A) at an institution located in the state that is
(i) accredited by an institutional accrediting body recognized by the United States Secretary of Education; or
(ii) approved to participate in the Alaska performance scholarship program as a qualified postsecondary institution under AS 14.43.830; and
(B) on at least a half-time basis; and
(3) able to demonstrate financial need in accordance with standards for determining financial need established by the commission.
(b) [Repealed, § 45 ch 89 SLA 2014.]
(c) The commission shall adopt regulations to establish terms and conditions for awarding grants under AS 14.43.400 - 14.43.420 and to establish the amounts to be awarded for on-time, full-time, and half-time student status.