To be eligible for a national scholarship and financial assistance award as shall be appropriated by the National Congress under the national revenue and provisions of the Compact of Free Association and further provided by the “Sin-Tax” provisions, an applicant shall:
(a) Be a citizen of the Federated States of Micronesia;
(b) Has been accepted or currently enrolled in an undergraduate, graduate, or post-graduate level studies in an accredited institute of higher education;
(c) Be in good academic standing at his/her institution of attendance, or with a cumulative GPA of at least (3.50) for certificate, undergraduate, graduates and postgraduates scholarship recipients and/or (2.50) or higher for certificate and undergraduates, (3.00) graduates and postgraduate financial assistance recipients.
(d) Show proof of attendance at or admission into an undergraduate, graduate, or post-graduate collegiate programs on a full-time basis: twelve (12) credits or more at undergraduate level; nine (9) credits at graduate levels or three (3) credits per tri-master for on-line graduate levels, and six (6) credit hours per semester at the post- graduate levels.
(e) Has been accepted or currently enrolled with good academic standing at his or her certificate program.