Section 15-62.4-03 - Student financial assistance program - Grants1. The state board of higher education shall provide to each eligible student a financial assistance grant in an amount not exceeding:a. One thousand three hundred seventy-five dollars per semester; orb. Nine hundred seventeen dollars per quarter.2.a. A student is not entitled to receive grants under this chapter for more than the equivalent of: (1) Eight semesters of full-time enrollment; or(2) Twelve quarters of full-time enrollment.b. Notwithstanding subdivision a, a student is not entitled to receive a grant under this chapter after the student obtains a baccalaureate degree.3. The board shall forward grants payable under this chapter directly to the institution in which the student is enrolled.Amended by S.L. 2023, ch. 3 (HB 1003),§ 34, eff. 5/9/2023.Amended by S.L. 2019 , ch. 3( HB 1003 ), § 17, eff. 7/1/2019.Added by S.L. 2015 , ch. 3( HB 1003 ), § 17, eff. 7/1/2015.