Priority of Scholarship Awards. The Office shall: Give priority to awarding scholarships to applicants with the greatest financial need; Award at least 25 percent of its total annual scholarship budget to students at Bowie State University; and Award the remaining amount of its total annual scholarship budget to students at other eligible institutions. An applicant’s financial need shall be based upon the Expected Family Contribution (EFC) as reported on the FAFSA or MSFAA. An applicant’s ranking shall be based on greatest financial need starting with the lowest EFC. Priority for scholarships in the subsequent years shall be given to prior year recipients who remain eligible under this chapter.