Bill would alter Ark. lottery scholarship formula

    10:10 PM, Feb 11, 2013   |    comments
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    LITTLE ROCK, Ark. (AP) - A bill introduced in the Legislature would change the formula for lottery-funded scholarships so Arkansas students would receive more money as they advance in their studies.

    The measure filed Monday by Republican Sen. Johnny Key of Mountain Home would start scholarship recipients at $2,000 their freshman year. Scholarship amounts would grow by $1,000 per year, topping out at $5,000 in a student's senior year.

    Key's proposal removes separate language regarding scholarships for students at community colleges.

    Legislators have to rework the scholarship formula because funding levels can't sustain the current payout of $4,500 per year for university students and $2,250 for community college students.

    A number of legislators have complained about the high number of students who don't sustain enough credit hours to keep their scholarships.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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