§ 3411 Purpose.
It is the intent and purpose of the General Assembly through this subchapter to:
(1) Provide financial aid to Delaware residents with demonstrated financial need so that within the limits of the fiscal capabilities of the State they shall not be denied an opportunity for a college education because of financial need;
(2) Provide a financial incentive for higher academic achievement for students who qualify to receive such scholarships; and
(3) Encourage qualified Delaware students to pursue courses of graduate and professional education when such courses are unavailable in state-supported institutions and when such pursuit is deemed in the best interest of the State.
§ 3412 Administration.
(a) The Office shall receive and administer federal funds under the Leveraging Educational Assistance Partnership (LEAP) and Special Leveraging Educational Assistance Partnership (SLEAP) [20 U.S.C. § 1070c], state funds appropriated from the General Fund, and private sources for the purposes set forth in this subchapter.
(b) The Office may apply for and receive such funds as may be available to the State from any agency of the federal government or private sources as grants for student financial assistance programs at the postsecondary level.
§ 3413 Scholarships.
The Office is hereby authorized to award scholarships from the Scholarship Incentive Program (ScIP) subject to the limits of its appropriations and the following limitations:
(1) Scholarships shall be awarded only to persons who will enroll as full-time students in degree programs.
(2) No student may receive more than 5 annual scholarships for either undergraduate or graduate study.
(3) Scholarships shall be used only at educational institutions:
a. In Delaware for undergraduate study;
b. In states that have established scholarship reciprocity agreements with the State and the Office for undergraduate study; or
c. For undergraduate or graduate study in degree programs that are not offered by a publicly assisted institution in Delaware.
(4) Scholarships shall be awarded on the basis of financial need and academic merit. Financial need shall be determined by a federally approved need analysis system. The financial need calculation shall consider the student's expected family contribution, the expense of attending the institution selected, and the student's eligibility for Pell grants and other federal, state or private grant assistance.
(5) Students must reapply for the scholarships annually, and must continue to meet all qualifications of the program.