Sec. 10. (a) The amount of a high value workforce ready credit-bearing grant under section 9 of this chapter is equal to one (1) of the following:

(1) If the applicant does not receive financial assistance, excluding loans, the amount is equal to the educational costs (as defined in IC 21-7-13-14) of the institution that the applicant is attending.

(2) If the applicant receives financial assistance, excluding loans, the amount is equal to the educational costs (as defined in IC 21-7-13-14) of the institution that the applicant is attending minus the financial assistance received by the applicant.

     (b) An applicant may use the high value workforce ready credit-bearing grant only to pay the educational costs (as defined by IC 21-7-13-14) of courses required for the applicant’s certificate program.

As added by P.L.230-2017, SEC.31.