[USC02] 20 USC 2007: Stipends
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20 USC 2007: Stipends Text contains those laws in effect on November 29, 2020
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.