Lottery Scholarship Proposal


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Recommendations from the Joint House and Senate ad hoc work group.

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  • Lottery Scholarship Proposal

    1. 1. Lottery Scholarship Proposal Recommendations from the Joint House and Senate ad hoc work group
    2. 2. Scholarship Ideas <ul><li>Give everyone who graduates high school a scholarship for college </li></ul><ul><li>Give scholarships for currently enrolled students </li></ul><ul><li>Allow students to earn back scholarship if they lose it for poor performance </li></ul><ul><li>Target workforce needs </li></ul><ul><li>Provide for only the neediest </li></ul><ul><li>Provide for only those who showed academic acumen </li></ul><ul><li>Pay for graduate school for some fields </li></ul><ul><li>Pay one amount for two-year and a higher amount for four-year schools </li></ul><ul><li>Provide transfer scholarships </li></ul><ul><li>Pay for non-traditional students </li></ul><ul><li>Pay for adults returning for college </li></ul><ul><li>Provide a little money for everyone </li></ul><ul><li>Provide enough money to make a difference </li></ul>
    3. 3. <ul><li>How do we prioritize? </li></ul><ul><li>What should we do first? </li></ul><ul><li>How do these interplay with existing scholarships? </li></ul><ul><li>What would have the greatest impact for our citizens and the state? </li></ul><ul><li>What does Arkansas need? </li></ul>To do half of these would cost: $400,000,000
    4. 4. Scholarship Criteria <ul><li>Encourage certain behavior: </li></ul><ul><ul><li>Reward college preparation: Smart Core, ACT/SAT, good grades </li></ul></ul><ul><ul><li>Encourage enrollment and continued enrollment </li></ul></ul><ul><ul><li>Encourage graduation </li></ul></ul><ul><ul><li>Encourage students near college graduation to finish </li></ul></ul><ul><ul><li>Encourage adults to enter or return to college </li></ul></ul><ul><li>Lawful Resident, Arkansas resident for 1 year </li></ul><ul><li>Designed to: </li></ul><ul><ul><li>Be financially pragmatic until lottery revenues are maintained </li></ul></ul><ul><ul><li>Increase Arkansas’s % of adults with postsecondary credentials </li></ul></ul><ul><ul><li>Increase graduation rate </li></ul></ul><ul><ul><li>Increase graduates per year </li></ul></ul><ul><ul><li>Be Fair </li></ul></ul>
    5. 5. <ul><li>Easy for the student/parent to know about and apply for </li></ul><ul><li>Hard to lose </li></ul><ul><li>Is not so complex that it requires extensive institutional staffing, etc </li></ul>Principles for Scholarship Administration
    6. 6. Several Directions we could go <ul><li>Most important: </li></ul><ul><ul><li>Maximize success within our budget </li></ul></ul><ul><ul><li>Minimum $54 Million from the lottery </li></ul></ul>
    7. 7. Current Academic Challenge <ul><li>Positives: </li></ul><ul><ul><li>Rewards preparation for college: Smart Core, ACT/SAT, good grades </li></ul></ul><ul><ul><li>Academic Challenge students retain and graduate at a higher rate than other students </li></ul></ul><ul><li>Disadvantages: </li></ul><ul><ul><li>Not aligned with Smart Core </li></ul></ul><ul><ul><li>Students lose scholarship because: </li></ul></ul><ul><ul><ul><li>Maintain 2.75 College GPA </li></ul></ul></ul><ul><ul><li>Income limit </li></ul></ul>
    8. 8. Scholarship #1 Revised Academic Challenge <ul><li>Expand/Revise </li></ul><ul><ul><li>Remove Income limit </li></ul></ul><ul><ul><li>Align with Smart Core </li></ul></ul><ul><ul><li>Alter qualifying requirement from sliding scale of HS GPA and ACT scores to: </li></ul></ul><ul><ul><ul><li>HS GPA 2.5 or Equivalent of ACT 19 </li></ul></ul></ul><ul><ul><li>Reduce continuation requirement from </li></ul></ul><ul><ul><ul><li>College GPA of 2.75 to 2.5 </li></ul></ul></ul><ul><ul><li>Provides static amount for all four years </li></ul></ul><ul><ul><ul><li>Could increase as lottery revenues allow </li></ul></ul></ul>
    9. 9. Revised Academic Challenge <ul><ul><li>To qualify a student must: </li></ul></ul><ul><ul><ul><li>Graduate from an Arkansas HS and have GPA 2.5 or Equivalent of ACT 19 and enroll directly into college </li></ul></ul></ul><ul><ul><ul><li>Successfully complete Smart Core </li></ul></ul></ul><ul><ul><li>Home School and GED students must earn at least a 19 ACT or equivalent </li></ul></ul><ul><ul><li>To maintain the scholarship the student must: </li></ul></ul><ul><ul><ul><li>Maintain a College GPA of 2.5 </li></ul></ul></ul><ul><ul><ul><li>Take 15 hours or more per term (traditional) </li></ul></ul></ul><ul><ul><li>Can receive the scholarship for 8 semesters or until receives a bachelor’s degree (whichever comes first) </li></ul></ul><ul><ul><li>Award increases as lottery revenues allow. </li></ul></ul>
    10. 10. <ul><li>Increase participation of direct-from-high-school students from 3,400 to 11,707 annually </li></ul><ul><li>Increase total participation rate from 8,087 to 33,490 </li></ul>Revised Academic Challenge
    11. 11. Revised Academic Challenge Projections <ul><li>Assumptions </li></ul><ul><ul><li>28,000 HS Graduates </li></ul></ul><ul><ul><li>13% opt out of Smart Core: 24,360 </li></ul></ul><ul><ul><li>54% attain at least a 19 or attain 2.50 HS GPA: 13,154 </li></ul></ul><ul><ul><li>Out migration of freshmen is 11%: 11,707 </li></ul></ul>
    12. 12. <ul><li>Also, encourage completion of current students </li></ul><ul><ul><li>Pool of scholarships -- minimum $6,250,000 </li></ul></ul><ul><ul><ul><li>Non-traditional scholarships for students who do not start college right out of high school and have not been continuously enrolled. </li></ul></ul></ul><ul><ul><ul><li>College Seniors (90 credit hours) who showed their academic talent. </li></ul></ul></ul><ul><ul><ul><li>Earn-in scholarships for existing students </li></ul></ul></ul><ul><ul><li>Future goale is to expand funds available for these scholarships --dependent on lottery revenues. </li></ul></ul>New opportunities with Academic Challenge
    13. 14. { ` Earnings Over Expenses
    14. 15. Guide for future increases Increases with prior year unspent funds
    15. 16. Multiple Opportunities and Responsibilities <ul><li>Future priorities to be set by legislature </li></ul><ul><ul><li>Non-traditional </li></ul></ul><ul><ul><li>Earn-in </li></ul></ul><ul><ul><li>Currently enrolled </li></ul></ul><ul><ul><li>Increase in award amount </li></ul></ul>“ It's Hard to Plan for the Future” Johnnie Manzari: November 19, 2006