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 does the Arkansas lottery scholarship pay?
The Arkansas Concurrent Challenge Award provides financial incentives to eligible Arkansas high school students who want to get an early start on college courses. The scholarship pays $125 per credit for up to two concurrent credit courses per semester.
How much money is the Arkansas Academic Challenge 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 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.
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.
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.
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.
What are the odds of winning the Arkansas lottery?
Prize Categories and Odds
Overall odds of winning are 1 in 9. Jackpot prize will be divided equally among the number of matching 5 of 5 winning tickets in a draw.
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.
What does it mean to be an Arkansas Scholar?
Arkansas Scholars are students who make good grades, take the recommended courses, have an acceptable attendance record, and who don’t drop out. … Arkansas Scholars are more likely to get a job after high school. Arkansas Scholars are better prepared for additional education after they graduate.
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).
How much is out of state tuition for University of Arkansas?
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.