Subject to the availability of funds in the State budget, the Office annually shall determine student eligibility to receive a grant. A near completer who previously attended a community college is eligible for a grant if the applicant: Earned at least 45 credit hours and a minimum cumulative grade point average of 2.0 on a scale of 4.0 while previously in college; Is enrolled at a Maryland community college in an associate’s degree program; and Is a Maryland resident or eligible for in-State tuition in accordance with Education Article, Title 15, Annotated Code of Maryland. A near completer who previously attended a senior higher education institution is eligible for a grant if the applicant: Earned at least 90 credit hours and a minimum cumulative grade point average of 2.0 on a scale of 4.0 while previously in college; Is enrolled at a Maryland public senior higher education institution in a bachelor’s degree program; and Is a Maryland resident or eligible for in-State tuition in accordance with Education Article, Title 15, Annotated Code of Maryland. The number of previously earned credit hours that are accepted for transfer by the community college or public senior higher education institution in which the student is enrolled may not alter a student’s eligibility for the grant.