LITTLE ROCK, Ark. (AP) - A House panel has approved a bill to change the formula for lottery-funded scholarships.
The House Rules Committee voted on Wednesday to create a tiered structure of awards for students that starts at $2,000 for freshmen at four-year colleges. The award would increase by $1,000 each year, capping 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.
If approved, the changes would take affect for the school year that begins this fall.
Supporters of the bill say the changes are needed because lottery funding can't sustain the current payout of $4,500 per year for university students and $2,250 for community college students.
The bill is sponsored by Republican Rep. Jeremy Gillam and now goes to the House.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Bill would alter Ark. lottery scholarship formula