Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 616 - DOCTORS FOR MAINE'S FUTURE SCHOLARSHIP PROGRAM
Section 457-616-5 - Determination of Scholarship
Current through 2024-38, September 18, 2024
Scholarships to eligible students shall be determined by the Medical School Programs as follows:
A. A Medical School Program shall award the number of scholarships available to it in a given year to eligible students according to the procedures of the Medical School Program.
B. Scholarships will be the lesser of $25,000 per student or 50% of the student's cost of attendance as determined by the Medical School Program.
C. If a recipient of a scholarship withdraws from the Medical School Program and the student is entitled to a refund of tuition, fees or other charges, the Medical School Program shall make a repayment of the recipient's scholarship directly to the Authority in accordance with the Medical School Program's published refund policy. If, however, the Medical School Program notifies the Authority of another eligible student at the time of notice of repayment, the Authority may allow the Medical School Program to award the refund to such student and the Medical School Program will be required to provide documentation thereof to the Authority. The Authority shall apply any amounts received as refunds to the Fund for use in future award years.
