§ 13-55a-16

13-55A-16. Scholarship––Eligible students.A student is eligible for a South Dakota Freedom Scholarship, pursuant to §13-55A-15, if the student:(1)Is a state resident for at least one year prior to application for the scholarship;(2)Attends an eligible institution in pursuit of a baccalaureate degree;(3)Establishes financial need, as determined by the eligible institution and the board described in §13-55A-15;(4)Commits, in writing, to live and work in this state for a period of three years after graduation, or following military service or graduate education, if applicable;(5)Maintains a GPA of at least 2.0 while enrolled at an eligible institution; and(6)Agrees, through a promissory note or other agreement, that failure to comply with this section results in the scholarship being converted to an interest-bearing loan.A student is eligible to receive a scholarship under this section for five years. If a student fails to complete a baccalaureate degree within five years from the date of initial attendance, the board may convert any amounts awarded to the student into an interest-bearing loan.Notwithstanding the provisions of this section, the board may temporarily or permanently

of initial attendance, the board may convert any amounts awarded to the student into an interest-bearing loan.Notwithstanding the provisions of this section, the board may temporarily or permanently waive the requirements of this section if factors, as determined by the board, prevent a student from satisfying the requirements in this section. Source: SL 2021, ch 83, §7, eff. Mar. 18, 2021; SL 2022, ch 48, §2.