The institution shall establish and implement its own procedures to award grants to eligible students subject to appropriations for such purpose, including, but not limited to, a procedure to determine priority among applicants in the event that the amount of grants requested by eligible applicants exceeds the appropriation, which may include consideration of financial need and academic achievement. Grant awards shall not exceed the available appropriation for each fiscal year. Grant awards shall be disbursed as follows:
Beginning with the 2021-2022 academic year, tuition assistance shall be provided to qualifying applicants in an amount equal to the following:
(1) A recipient shall receive a grant for tuition assistance that shall be equal to full in-state tuition at the institution.
(2) Inspire grants are renewable, provided that the recipient meets eligibility requirements in § 3414A of this title..
(3) If, as a result of applying for federal and state student financial aid, or through other means, it becomes apparent that deliberate fraud was involved in the application process, the institution may reevaluate the recipient's eligibility for grant assistance, and may withdraw a grant award. Any grant award made as the result of deliberate fraud may be recovered by the State through an action at law.