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3. Have successfully completed at least four dual-enrollment courses or twelve (12) dual enrollment credit hours. This requirement was waived for 2018 graduates. 4. Completed the FAFSA and submitted all requested verification documents (if applicable)and completed the College's Foundation scholarship application by the advertised deadline.These documents must be submitted on an annual basis. B. For students who meet all of the criteria set forth in Section I.A.,the student's tuition and required fees at the in-state rate for two years will be covered by this program. 1. Funding from federal and state grants, scholarships and outside funding must be exhausted before the Program begins paying. 2. The two years of eligibility begins in the fall semester after high school graduation and ends following the spring semester of the second year. Summer terms are not included. 3. Textbooks,supplies and other supplemental materials are not covered under the program. C. Additional Student Requirements: 1. Students interested in participating in the program must call(919) 718-7300 or visit www.cccc.edu/promise; College will not automatically award to students. 2. Once enrolled, students must continuously meet the financial aid Satisfactory Academic Progress standards outlined by the state and federal government. This means students must maintain at least a 2.0 cumulative GPA and complete at least 67%of all courses attempted at the College. II. DUTIES AND RESPONSIBILITIES OF THE PARTIES: A. Board 1. Board will provide funding for the Program based on estimates provided by the College. This includes $125,000 for Fiscal Year("FY")2019,up to$250,000 for FY 2020,up to$250,000 for FY 2021 and up to$250,000 for FY 2022 for students entering their second year of eligibility under the Program. Board shall not be responsible for any funding that exceeds the estimates for each FY. 2. Board agrees to reimburse the College within thirty(30)days of receipt of invoices setting forth the related expenditures for the semester. 2