How does the Arkansas Lottery Scholarship work?

The Academic Challenge Scholarship is largely funded by the Arkansas Scholarship Lottery and provides tuition assistance to students at every state university and two-year college – both public and private. … At two-year institutions, students receive $1,000 for the first year and $3,000 for the second.

How much money do I get from the Arkansas Lottery scholarship?

Arkansas Academic Challenge Award Amounts

Year 1 $1000 $1000
Year 2 $4000 $3000
Year 3 $4000 $1500 (one semester)
Year 4 $5000

How many hours do you need for Arkansas lottery scholarship?

Maintaining Eligibility for an Arkansas Lottery Scholarship

You must successfully complete 27 semester hours of college during your first year of college and 30 semester hours every year after that. You can still be eligible for a scholarship as a part-time student, but your award amount will be reduced.

How many people get the Arkansas Governor’s scholarship?

Governor’s Distinguished Scholarships –

If funding allows, up to 375 Governor’s Distinguished Scholars may be named. If a county in Arkansas does not have a Distinguished Scholar, the highest-ranking applicant from that county will be awarded a Governor’s Scholarship at $5,000 per year.

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How many scholarships have been awarded from the $1 billion in Arkansas Scholarship Lottery funds?

Since 2009, the lottery has raised more than $1 billion in proceeds for scholarships. More than 650,000 college scholarships have been awarded to Arkansans.

Do you have to reapply for the Arkansas lottery scholarship?

Do I have to reapply for any of the ADHE scholarship or grant programs? You do not have to reapply for the Academic Challenge Scholarship, the Governor’s Scholarships, the Law Enforcement Officers program, the Military Dependents Scholarship, or the Arkansas Health Education Grants.

Is the Arkansas lottery scholarship taxable?

The top-prize winners on the new “Taxes Paid” tickets will receive their full winnings, and will not have taxes deducted from their checks, according to a release by the Arkansas Scholarship Lottery. … Typically, the lottery deducts 24% for federal taxes and 7% for state taxes before awarding winners with their checks.

What GPA do you have to keep for Arkansas lottery scholarship?

To maintain eligibility, students must keep a 2.5 GPA, take 30 hours each year and be an Arkansas resident for 12 months prior to enrollment. Lottery proceeds also fund workforce training opportunities through the Arkansas Workforce Challenge Scholarship.

Does Arkansas have HOPE Scholarship?

(August 19, 2021)- The Methodist Foundation for Arkansas is excited to announce a $200,000 planned gift to establish The Hope Scholarship to benefit low-income undergraduate students in Arkansas. … The Hope Scholarship will award $150,000 for the next four years to incoming and current undergraduate students.

Can scholarships be stacked?

Many universities set strict policies against the stacking of their own scholarships. … Generally with outside scholarships, students can stack as many as they win. There isn’t a limit. But, limitations do tend to be set on the amount of scholarships a student can receive from the university.

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Does the Arkansas Challenge Scholarship transfer?

A recipient who has received an Academic Challenge Scholarship may transfer the scholarship or loan to another approved Arkansas institution of higher education, provided that: 1.

What is a academic challenge?

What is Academic Challenge? Academic Challenge is an after-school program that focuses on academic achievement and displays of excellence in various academic categories ranging from literature, mathematics, history and geography, to science, fine arts, government and economics.

What is a distinguished scholarship?

It honors a scholar who has made distinctively valuable research contributions across his or her career that bridge personality and social psychology or bridge personality or social psychology to another field (ie. … law, education, organizations, or medicine).