Section 457-601-7 - Determination of GrantGrants to eligible students shall be determined as follows:
A. Students with the lowest expected family contributions shall be given priority over all other eligible students for the awards of grants.B. Grants awarded under this chapter shall be no less than the minimum amount provided by 20-A M.R.S.A. §11614(2). The Authority may, in its discretion, award grants to 2nd, 3rd, and 4th-year students in (i) one amount to all such students which is more than the grant amount awarded to 1st-year students or (ii) a combination of amounts whereby the grant is awarded to 2nd-year students in an amount that is more than the grant awarded to 1st-year students and increases with each of the 3rd and 4th-year classes.C.(Repealed effective July 13, 1998.)D. No grant will be awarded if the award will reduce institutional or other grant aid to the student, unless the institutional or other grant aid is subsequently granted to a student with demonstrated financial need.94-457 C.M.R. ch. 601, § 7