The College Bound Scholarship (CBS) provides recipients who attend two-year or four-year public institutions of higher education an award to cover the cost of tuition and fees, minus any state-funded grant, scholarship, or waiver assistance.? Recipients attending public institutions also receive $500 for books and materials.? The CBS awards for recipients at private institutions may be covered at public tuition rates.

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To receive the CBS, a resident student must graduate from high school with at least a C grade point average, have no felony convictions, and have a family income that does not exceed 65 percent of the state median family income.? There is no high school grade point average requirement for students to receive the CBS at a community or technical college. ?Recipients must maintain satisfactory academic progress, and may not receive the scholarship for more than four full-time years.

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Dependent students and students who were dependent but adopted between the ages of 14 to 18 can satisfy the requirement to graduate from high school with at least a C grade point average by instead receiving a high school equivalency certificate.

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A dependent student is a student who has been abandoned, is abused or neglected by a person legally responsible for the student?s care, has no parent, guardian, or custodian capable of adequately caring for the student, or is receiving extended foster care services.

Eligibility for the CBS is expanded to students who have received a high school equivalency certificate.?