Sec. 8. The amount of the exemptions under this chapter is equal to one (1) of the following amounts:
(1) If the applicant does not receive financial assistance specifically designated for educational costs, the amount determined under sections 2 through 6 of this chapter.
(2) If the applicant receives any financial assistance, including federal assistance, specifically designated for educational costs:
(A) the amount determined under sections 2 through 6 of this chapter; minus
(B) the financial assistance specifically designated for educational costs.
[Pre-2007 Higher Education Recodification Citation: 20-12-19-2.]
As added by P.L.2-2007, SEC.255. Amended by P.L.169-2011, SEC.20; P.L.112-2019, SEC.13.