Subject to the provisions of subsection (c) of this section, each recipient of a Delegate Howard P. Rawlings Educational Excellence Award may hold the award for 4 years if the recipient: Continues to be a resident of this State; Continues to be a full–time student at an eligible institution and takes at least 12 semester hours of courses each semester, or its equivalent as determined by the Office; In the judgment of the institution, is making satisfactory progress toward a degree; and Maintains the standards of the institution. Each recipient of a Delegate Howard P. Rawlings Educational Excellence Award who is enrolled in an associate degree program as permitted in § 18–303(a)(1) of this subtitle may hold the award for 2 years if the same conditions of subsection (a) of this section are met. Each recipient of a Delegate Howard P. Rawlings Educational Excellence Award may hold the award for a 5th year if the recipient continues to satisfy the requirements under subsection (a) of this section and: Is enrolled in an academic program that, as determined by the institution, requires 5 years to complete; or Provides evidence, satisfactory to the Office, of extenuating financial, academic, or other circumstances that prevent the recipient from completing the academic program in 4 years. Each recipient of a Delegate Howard P. Rawlings Educational Excellence Award who is enrolled in an associate degree program as permitted in § 18–303(a)(1) of this subtitle may hold the award for a 3rd year if the recipient: Continues to satisfy the requirements under subsection (a) of this section; and Provides evidence, satisfactory to the Office, of extenuating financial, academic, or other circumstances that prevent the recipient from completing the academic program in 2 years.