Lottery scholarship cut endorsed | Arkansas Blog

Tuesday, March 1, 2011

Lottery scholarship cut endorsed

Posted By on Tue, Mar 1, 2011 at 3:18 PM

The legislature lottery oversight committee discussed the Arkansas Lottery scholarships this afternoon — specifically whether revenue can sustain the existing scholarships of $5,000 for students at four-year schools and $2,500 at two-year schools.

Here's a proposed law change discussed at the meeting, according to Gerard Matthews.

Bottom line: the committee without discussion approved a cut in future scholarships to $4,500 and $2,250. Current recipients will continue at the higher amounts. The cut would have even greater pocketbook impact at colleges where costs are rising — that is, the scholarship pays an even smaller percentage of total fees.

The change will require legislative approval.

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