Sec. 3. (a) This section applies to a grant or reduction in tuition or fees described in section 1 or 2 of this chapter. (b) As used in this section, "professional degree program or accelerated graduate degree program" refers to a four (4) or five (5) year postsecondary school course of study: (1) to which an individual may be admitted without completing a baccalaureate degree; (2) that requires an individual to enroll in graduate level or professional degree courses before completing a baccalaureate degree; and (3) that leads to a degree that is not an undergraduate degree, as determined by the commission. (c) An individual who has previously received a grant or reduction in tuition or fees described in section 1 or 2 of this chapter may continue to use all renewals and extensions for a professional degree program or accelerated graduate degree program. The total grant or reduction in tuition or fees under a statute listed in section 1 or 2 of this chapter for all: (1) undergraduate credit hours or semesters; and (2) professional degree program or accelerated graduate degree program credit hours or semesters; may not exceed the maximum credit hours or semesters permitted under section 1 or 2 of this chapter, as applicable and must be used within eight (8) years after the date the individual first applies and becomes eligible for benefits under the applicable law.
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