2006 Alabama Code - Section 34-22-62 — Types of scholarships.

The board shall establish two types of scholarships as follows:

(1) A number of loans equal to 20 percent of the number of students enrolled in the University of Alabama School of Optometry based on the economic need and scholastic ability of the applicant, in an amount not to exceed $3,000.00 per annum or $12,000.00 over a four year period, shall be available to any bona fide resident of Alabama of good character who has been accepted for matriculation by the University of Alabama School of Optometry. This section shall also apply to graduate students in physiological optics, at the discretion of the board.

(2) A number of nonrefundable merit scholarship awards equal in number to five percent of the number of students enrolled in the University of Alabama School of Optometry in an amount not to exceed $3,000.00 per annum each, or $12,000.00 over a four year period, shall be available to outstanding students, one-fourth of which shall be awarded each year to members of the entering class at the University of Alabama School of Optometry, who, in the judgment of the board, have the highest scholastic achievement in undergraduate studies, sufficient aptitude, excellence of character, and other pertinent qualifications.

(Acts 1982, No. 82-460, p. 735, §4.)