What is Arkansas scholarship lottery, and how it is awarded?


Arkansas scholarship lottery is designed to create winning people and winning futures. This statewide system of games of chance, implemented in 2008, was the result of an amendment to the state constitution as a means to generate revenue and fund scholarships for qualified high school graduates to attend college in Arkansas post-secondary institutions. More than 720,000 college scholarships have been awarded to Arkansans through the lottery system so far. The Department of Finance and Administration Office of the Arkansas Lottery oversees the operation of the lottery, whose net proceeds provide scholarships and grants to Arkansas citizens for in-state colleges and universities. Arkansas scholarship lottery provides continuing entertainment to the public, maximizes the revenue generated, and preserves the integrity and dignity of the process.

The first scholarship funded by the Arkansas scholarship lottery was called the Academic Challenge Scholarship. This was a scholarship for Arkansas residents at any stage of their two- or four-year degree. The only requirement for eligibility is that the student achieve a score of 19 or higher on the ACT exam, or 990 or higher on the SAT exam. Awardees pursuing a 2-year degree receive $1,000 in the first year, and $3,000 in the second year. Awardees pursuing a 4-year degree receive $1,000 in their first year, $4,000 in their second and third years, and $5,000 in their final year. Arkansas scholarship lottery continues to be awarded annually.


Eligibility for Arkansas scholarship lottery


A variable amount is provided to the winners of Arkansas scholarship lottery for students to secure a scholarship amount on the basis of lottery games. The scholarship is available to high school students or graduates, by which they will be able to get admission to college courses or degrees with the help of offered scholarship amounts. Arkansas Workforce Challenge scholarship funds students pursuing licensing and certificate programs in high-demand areas of healthcare, information technology, and industry. Students eligible for this scholarship includes high school diploma or equivalency upon acceptance to one of the Arkansas Department of Education’s approved programs. Awardees receive the entire cost of their certification program, up to $8,000. This is a non-renewable grant, but students who complete their program are permitted to re-apply for another grant if they seek certification in another program.


Scholarship is available to both traditional and non-traditional students


The amount available under the Arkansas scholarship lottery, is available to both traditional and non-traditional students. As is the case with other federal student aids, these scholarships are not available to incarcerated individuals, and students using these scholarship funds must agree to refrain from illicit drug use during the tenure of the award. Funds under the Arkansas scholarship lottery are available to students who graduated from high school in the state of Arkansas, or non-traditional students who have established residency in the state of Arkansas for at least 2 years.


If you are looking for more scholarship and grant opportunities, GovernmentGrants.us has a rich repository of all grant opportunities, like Pell Grants for education, small business grants, women-owned business grants, childcare grants, and more, that you can access by paying a one-month fee of $29.95. GovernmentGranst.us also has professional grant writers who can help you write a professional grant application. In the event your grant application is rejected, your monthly membership fee will be returned.

Comments

Post a Comment

Popular posts from this blog

The best way of winning home improvement grants with zero financial hassle

Doubtlessly, home improvement projects can cause a massive headache. But the benefits of such a project generally outweigh its hassles. By definition, home improvements can raise the value of any residential real estate. That means when you execute a home improvement project, you will have more profit potential and higher equity. Nonetheless, the thought of executing these home improvement projects can be distressing. See, here’s the thing: When it comes to undertaking a home improvement project, you will need to make a lot of tough decisions. That is exactly why more and more people try to stay away from getting involved in home improvement projects, to begin with. As per experts, the best way of paying for a home improvement project is through cash. But what if you do not have that much cash at the ready? Well, then, credit cards may also be a solid possibility, right? Nonetheless, they are also dangerous and can cost you a pretty penny—especially when you are wading through a
Read more

Know about Pell grant eligibility, and how to apply for this federal student educational aid program

Federal Pell Grant is a need-based aid for students in colleges or other post-secondary education. The grant is limited to students with exceptional financial need, and who have earned their first bachelor’s degree, or enrolled in certain post-baccalaureate programs. Administered by the US Department of Education (DOE), the program determines the student’s financial need, and through it, the Pell grant eligibility of the student. Created in 1965, the grant is available to approximately 5,400 participating postsecondary institutions, that fund about 5.4 million full-time and part-time college and vocational students nationally .         Pell grant addresses one of the issues faced by students coming from low-income families to receive a higher education .         Considerations for Pell Grant eligibility , among others, include the below:            The applicant must be a US citizen or eligible non-citizen (usually a permanent resident) .     The applicant must have a high school dip
Read more

Many grants and scholarships for women are available to help improve their prospects

Though women make up half of the population in the USA and the world, they suffer continuously from unfair practices, gender discrimination, and even gender harassment. Grants and scholarships, which are specifically available to women, give them an opportunity to fight back and prevail. While established businesses can rely on profits to grow, new businesses need to be resourceful, and need financing to get through the first few slow months. Thankfully, if you carefully look for them, you will find that many grants for women starting a business are available, provided that you apply for them within the small time window for which they are available, complete with all the documentation.    EmpowHER grant   Amber Grant gives an award amount of at least $30,000 per month, through three grants for women starting a business , each of $10,000, under specific categories. Additionally, three year-end grants of $25,000 each are given under three categories. EmpowHER grant for women start
Read more