NASHVILLE — Despite a scholarship reserve fund of nearly $400 million, Republicans in the state Senate approved a measure tonight that will make it more difficult for students to win a full $4,000-a-year Hope Scholarship starting in 2015 if the lottery doesn’t produce record proceeds in each of the next three years.
The House version of the bill is awaiting committee review, and bills must pass both chambers in identical form before they become law.
Since Tennessee’s lottery scholarship program began in 2004, students have qualified for a full scholarship by achieving either a 21 ACT test score or a 3.0 high school grade-point average.
Read more at the Commercial Appeal.
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