Georgia Hope Scholarship Running Out Of Money

September 30th, 2010

¬† The nations¬†flagship state guarantee merit scholarship is Georgia”s Hope Scholarship. It has sent clear signals to secondary school students about meeting course and grade point standards. But now it is threatened.

Losing HOPE
A popular scholarship that has become a near-birthright for Georgians is going broke, and state officials acknowledge they’ll have to cut participation or reduce benefits if it is to survive. Since its introduction in 1993, the HOPE Scholarship program has seen an explosion of participation and spawned similar merit-based programs in other states. But with the lottery funds that support the program slowing in growth, and an uptick in the number of students participating, HOPE’s reserves are being drained and could be completely tapped by the close of 2013. Source:ECS