Ark. Senate panel backs lotto scholarship changes
LITTLE ROCK, Ark. (AP) — A Senate panel has endorsed changing the amounts of Arkansas' lottery-funded college scholarship program, a move that one lawmaker said was needed to provide stability to the program.
The Senate Education Committee advanced the legislation Wednesday, sending it to the full Senate for a vote. The measure would create a tiered structure of scholarships that starts at $2,000 for freshmen at four-year colleges. The award would then increase by $1,000 each year, maxing out at $5,000 for seniors.
Students who are enrolled full-time at two-year colleges would be eligible for a $2,000 scholarship each year.
The scholarship program currently pays $4,500 per year for university students and $2,250 for community college students.
The House approved the changes on Monday. Voters approved the lottery to fund scholarships in 2008.
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