Section 577.200  Limitations on Use of Scholarship Funds

a)         Scholarships shall cover the cost of tuition and matriculation fees and provide a monthly living stipend for selected medical students.

b)         Scholarship funds shall be expended by the recipient only while enrolled and in good academic standing at a school of medicine or school of osteopathy in Illinois.

c)         Scholarship funds shall not be awarded for expenses incurred when the student must repeat an academic term or terms, if the repetition is necessary because the student has an academic performance below an acceptable level, as determined by the student's school of medicine or school of osteopathy.

d)         Scholarship funds shall be provided to the recipient's school of medicine or school of osteopathy for tuition and fees.  All funds for tuition and fees shall be expended only on the medical student's behalf.  All stipend monies shall be provided directly to the medical student.

e)         Scholarship funds shall not be awarded to any medical student for more than four academic years.