[USC02] 20 USC 2007: Stipends
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*Public Laws 116-283 through 117-1 have been enacted but classifications have not yet been finalized. The currency ("laws in effect") date does not reflect acts for which classification has not been finalized.

20 USC 2007: Stipends Text contains those laws in effect on March 1, 2021
From Title 20-EDUCATIONCHAPTER 42-HARRY S TRUMAN MEMORIAL SCHOLARSHIPS

§2007. Stipends

Each student awarded a scholarship under this chapter shall receive a stipend which shall not exceed the cost to such student for tuition, fees, books, room and board, or $10,000 (adjusted annually to reflect increases, if any, in the Consumer Price Index for All Urban Consumers, published by the Bureau of Labor Statistics) whichever is less for each academic year of study.

( Pub. L. 93–642, §8, Jan. 4, 1975, 88 Stat. 2278 ; Pub. L. 99–159, title V, §501, Nov. 22, 1985, 99 Stat. 904 .)

Amendments

1985-Pub. L. 99–159 increased amount from $5,000 to $10,000 with provision for annual adjustments.