Monday, February 11, 2013

Paying for the lottery shortfall — smaller scholarships

Posted By on Mon, Feb 11, 2013 at 8:02 PM

27 House members and Sen. Johnny Key have filed a bill to trim lottery scholarships to cope with lagging revenues.

As filed, the legislation ends two-track scholarships for two-year and four-year students. Instead, it would give $2,000 scholarships to students with fewer than 27 semester hours of credit; $3,000 for those with between 27 and 58 credits; $4,000 for 58 to 88 credit hours and $5,000 for those with more than 88 hours.

The bill seems to cover any college student at a two- or four-year college. (One wonders if the perpetual student could keep drawing $5,000 forever.) Currently, four-year students get $4,500 and two-year college students get half that

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