Page:United States Statutes at Large Volume 106 Part 1.djvu/529

 PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 497 SCHOLARSHIPS ''SEC. 406A. SCHOLARSHIPS AUTHORIZED. "The Secretary is authorized in accordance with this chapter to award Presidential Access Scholarships to students who— "(1) are eligible to receive a Pell Grant for the year in which the scholarship is awarded; "(2) have participated in a preparatory program for postsecondeiry education; and "(3) demonstrate academic achievement. ''SEC. 406B. SCHOLARSHIP PROGRAM REQUIREMENTS. "(a) AMOUNT OF AWARD. — "(1) IN GENERAL.— Except as provided in paragraph (2), the amount of a scholarship awarded under this chapter for any academic year shall be equal to 25 percent of the Pell Grant that the recipient is awarded for that year or $400, whichever is greater. "(2) ADJUSTMENT FOR INSUFFICIENT APPROPRIATIONS.— If, after the Secretary determines the total number of eligible applicants for an academic year in accordance with section 406C, funds available in a fiscal year are insufficient to fully fund all awards for that academic year under this chapter, the amount paid to each student shall be reduced proportionately. " (b) PERIOD OF AWARD.— Scholarships under this chapter shall be awarded for a period of not more than four academic years, or in the case of a student who is enrolled in an undergraduate course of study that requires attendance for the full-time equivalent of five academic years, five academic ye£u*s. "(c) USE AT ANY INSTITUTION PERMITTED.—An eligible student awarded a scholarship under this chapter may use such scholarship stipend to attend any institution of higher education. "(d) ASSISTANCE NOT TO EXCEED COST OF ATTENDANCE.— A scholarship awarded under this chapter to any student, in combination with the Pell Grant and other student financieil assistance available to such student, may not exceed the student's cost of attendance (as defined in section 472). "(e) PRESIDENTIAL ACCESS SCHOLARS.—Students awarded scholarships under this chapter shall be known as 'Presidential Access Scholars'. "SEC. 406C. ELIGIBILITY OF SCHOLARS. "(a) REQUIREMENTS FOR STUDENTS IN FIRST YEAR OF POSTSECOND- ARY EDUCATION. —In order for a student who will be attending the student's first year of postsecondary education to be eligible to receive a scholarship under this chapter for that academic year, the student shall— "(1) be enrolled or accepted for enrollment in a degree or certificate program of at least 2 years in length; "(2) have demonstrated academic achievement sind preparation for postsecondary education by taking college preparatory level coursework in the following areas while in secondary school or the equivalent: "(A) 4 years of Enghsh; "(B) 3 years of science; 20 USC 1070a-31. 20 USC 1070a-32. 20 USC 1070a-33.
 * CHAPTER 3—PRESIDENTLAL ACCESS

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