States with lotteries have the ability to help their residents with college debt at a more significant level than many might think. This slide deck attempts to summarize this conversation in 3 slides.

1. HowStates
CanUseTheir
LotteriesTo
Reduce
Student Loan
Debt
 Set aside and restrict 10% of lottery proceeds transferred to the
state from the Lottery Commission for every kindergarten cohort
starting school within the transfer year.
 Allow the restricted funds to grow for a minimum of 17 years.
 Provide grants that are paid directly to the lending entity on
behalf of kindergarten cohort members that are still residents of
the state and have completed a postsecondary certificate or
degree program.

2. Grant
Estimates For
Top 5States
 Based on 2011 Lottery results and kindergarten cohort enrollments.
 Assuming 80% of cohort enrolling in a postsecondary program with
a 40% completion rate.

3. 2011 Lottery
Proceeds
TransfersTo
States