Posts Tagged ‘department of higher education’
May 3, 2012 by Sue Madison
LITTLE ROCK – About 8,000 graduating high school seniors will be eligible for the Academic Challenge Scholarship when they attend an Arkansas college or university next fall. The Department of Higher Education has notified the seniors and several thousand have officially accepted the awards. The deadline for all financial aid packages is June 1 for students who plan to attend an Arkansas college or university in the fall semester of 2012 and the spring semester of 2013. Last year about 31,100 students received Academic Challenge scholarships, which are funded from the state lottery. Students enrolled at a four-year university receive $4,500 a year if they maintain their eligibility and students at two-year colleges receive $2,250 a year. Those amounts have been lowered since the 2010 school year, when they were $5,000 and $2,500. A decline in lottery sales is responsible for the drop off in scholarship amounts. Students who got $5,000 and $2,500 in 2010 will continue to receive those amounts as long as they maintain their eligibility. Similarly, students who get $4,500 and $2,250 this year will continue to receive those amounts throughout their college career, as long as they keep up their grades. According to a study presented …Read More...