(a)
(1) Any graduate of the Arkansas School for the Blind who is a resident of this state and who is a regularly enrolled student in any university, college, conservatory of music, or technical institution may, under the direction of the Superintendent of the Arkansas School for the Blind and subject to the approval of the Board of Trustees of the Arkansas School for the Blind, receive aid for the purpose of defraying his or her necessary expenses, including a reader, while in attendance at such university, college, conservatory of music, or technical institution.
(2) However, not more than seven hundred fifty dollars ($750) shall be so expended on account of any one (1) such person during any fiscal year.
(b) No person shall become a beneficiary under the provisions of this section until it shall appear to the satisfaction of the superintendent, after investigation, that the person has no sufficient separate estate to provide for his or her education and that the parents of the person, if living, are unable to provide for such higher education.
(c) No person shall receive the benefits of this section for more than four (4) years.