OSFA shall renew all eligible Conroy-Cryor scholarship recipients who were initially awarded prior to FY 2011 and shall continue to renew them until they complete their program of study or are otherwise no longer eligible for the award. Institutions of higher education shall make Conroy-Cryor scholarship renewal awards to students who received their first award during FY 2011 or later. A Conroy-Cryor scholarship may be renewed on an annual basis for up to 5 years of full-time study or 8 years of part-time study if the recipient: Is enrolled on at least a part-time basis in an eligible Maryland postsecondary institution; and Continues to meet all other eligibility requirements.