Changes ahead for lottery scholarship program - KATV - Breaking News, Weather and Razorback Sports

Changes ahead for lottery scholarship program

Posted: Updated:

LITTLE ROCK (Arkansas News Bureau) — Arkansas' lottery scholarship program is expected to go through some changes during the upcoming legislative session, though lawmakers differ on what those changes should be.

One likely outcome is that scholarship amounts will be lowered. The first lottery-funded scholarships, awarded in the 2010-11 school year, were $5,000 per year to attend a four-year school and $2,500 per year to attend a two-year school. By the time the Legislature convened in January 2011, however, it had become clear that the program was not sustainable at that level, so lawmakers reduced the scholarship amounts by 10 percent.

Now the state Department of Higher Education is urging lawmakers to make more adjustments to the program. ADHE officials say that if lottery revenues continue at the current level, the cost to maintain scholarship awards at the current level would exceed revenues and exhaust a $20 million reserve within three years.

Click here for more on this story from the Arkansas News Bureau.

COMPLETE COVERAGE
Official: Without changes, lottery scholarship program to go broke in 2014
(Nov. 20)
Ark. panel recommends cut in lotto scholarships (Dec. 18)
Changes ahead for lottery scholarship program (Dec. 27)
Bill would alter Ark. lottery scholarship formula (Feb. 12)
Lottery scholarships to pay out less (Feb. 26)

  • PoliticalMore>>

  • Obama offering Japan security, economic assurances

    Obama offering Japan security, economic assurances

    Wednesday, April 23 2014 10:34 PM EDT2014-04-24 02:34:31 GMT
    President Barack Obama is opening a four-country visit to the Asia-Pacific region in Japan, but the West's dispute with Russia over Ukraine is looming.More >>
    President Barack Obama is seeking to reassure Japanese leaders Thursday that he can deliver on his security and economic pledges to Asia even as the crisis in Ukraine demands U.S. attention and resources elsewhere.More >>
  • Hillary Clinton calls for more sanctions on Russia

    Hillary Clinton calls for more sanctions on Russia

    Wednesday, April 23 2014 10:25 PM EDT2014-04-24 02:25:28 GMT
    Hillary Rodham Clinton is daring women to compete, but not saying whether she will herself in 2016.More >>
    Hillary Rodham Clinton said Wednesday she believes the outcome of the standoff in Ukraine will be a bad one for Russia.More >>
  • US weighs clemency for inmates jailed for 10 years

    US weighs clemency for inmates jailed for 10 years

    Wednesday, April 23 2014 9:55 PM EDT2014-04-24 01:55:35 GMT
    The Justice Department will begin considering clemency applications from nonviolent federal inmates who have already served 10 years or more in prison.More >>
    The Obama administration is encouraging many nonviolent federal prisoners to apply for early release - and expecting thousands to take up the offer. It's an effort to deal with high costs and overcrowding in prisons,...More >>