(a) The financial aid office, in conjunction with the office of enrollment management or their respective equivalent offices, at the community college of Rhode Island, shall administer the scholarship program for state residents seeking associate degrees who meet the eligibility requirements in this chapter.
(b) An award of the scholarship program shall cover the cost of two (2) years of tuition and mandatory fees, less federal and all other financial aid monies available to the recipient student. No grant received by students from the College Crusade Scholarship Act as established in chapter 70 of this title shall be considered federal or financial aid for the purposes of this chapter.
(c) The scholarship program is limited to one award per student as required by § 16-107-6(a)(7).