Nevada Revised Statutes Title 34. Education § 396.954. Determination of amount of grant;  order of priority for awarding grants to eligible students;  limitation on use of money received from grant

(a) Calculate the maximum amount of the grant which the student is eligible to receive.  The maximum amount of such a grant must not exceed the amount equal to the cost of education of the student minus the amounts determined for the student contribution, family contribution and federal contribution to the cost of education of the student.

(b) Determine the actual amount of the grant which will be awarded to each student, which amount must not exceed the maximum amount calculated pursuant to paragraph (a), but which may be in a lesser amount if the Board of Regents or a designee thereof, as applicable, determines that the amount of money available for all grants for any semester is insufficient to award to all eligible students in a category prescribed in subsection 2 the maximum amount of the grant which each student is eligible to receive.

(a) First, to eligible students who are enrolled in at least 15 credit hours at a community college or state college within the System;

(b) If money is available after awarding grants to all eligible students described in paragraph (a), to remaining eligible students who are enrolled, or accepted to be enrolled, in the final semester of a program of study at a community college or state college within the System;  and

(c) If money is available after awarding grants to all eligible students described in paragraphs (a) and (b), to remaining eligible students.