If credit hours are dropped which were originally used to calculate the award, the subsequent semester award will be reduced accordingly, or the student must repay the excess award amount to the State Board of Regents. However, the leave of absence will not extend the time limits of the scholarship. The scholarship must be used in its entirety within four years after the recipient's graduation from high school. To request a leave of absence, students must contact the State Board of Regents Office. The New Century Scholarship does not guarantee that recipients will complete their bachelor's degree within the two years of available funding.
Students are responsible for their own academic progress.
The New Century Scholarship simply assists students in paying for their education for a certain number of credits within the four-year time frame.