Ark. Gov. signs bill changing lottery scholarships
LITTLE ROCK, Ark. (AP) - Arkansas Gov. Mike Beebe has signed into law a bill that changes the awards offered to college students through the state's lottery-funded scholarship program.
Under the bill Beebe signed Friday, the program will now have a tiered structure of scholarships for students - starting at $2,000 for a freshman at four year-colleges. It will increase by $1,000 each year, capping out at $5,000 for seniors.
Two year-college students who are enrolled full-time will receive a $2,000 scholarship each year.
The law affects new scholarship recipients who begin college this fall.
Supporters of the changes had said the lottery funding couldn't sustain the current payout of $4,500 per year for university students and $2,250 for community college students. Opponents said the cuts will drastically impede students' ability to afford college.Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.