New Changes to Georgia HOPE Scholarship
What is the Current Hope Scholarship
The HOPE scholarship was started several years ago to assist the students of georgia in getting a college education. The HOPE scholarship allowed for up to $3000 per year to cover tuition at any state facility. For private colleges the amount could be up to $4000. There was also money for Pre-K students to attend classes. The current criteria is that the student must have a 3.0 GPA to qualify and attend a school about the high school level in the state of Georgia. In order to keep the HOPE scholarship the student must maintain a 3.0 GPA throughout college.
Why is the HOPE Scholarship Changing
We have all seen the news headlines regarding state budgets. Georgia is no different that 99.9 percent of the states in the United States. The funds for the HOPE scholarship comes from the Georgia Lottery Program. The problem is that the lottery is paying out more money that it is getting in. Therefore there is a proposal to change the criteria and payout of the scholarship funds.
What Are the Changes to Hope Scholarship
One of the major changes in the criteria to obtain the HOPE scholarship is the GPA. If the new law passes only the graduation seniors with a GPA of 3.7 will get the full tuition scholarship for a state institution. If a student wishes to attend a private school with the 3.7 GPA the tuition about will be reduced from $4000 to $3600. All other students with a GPA between 3.00 and 3.7 will only receive 90 percent of their tuition costs. In order to renew the scholarship throughout college, the student must maintain a 3.5 GPA.
The scholarship will no longer be available for remedial classes except for technical colleges. If a student loses the scholarship, they will have only once chance to restore the scholarship. The current guidelines gives the student indefinite times to bring the GPA up and restore entitlement to the HOPE scholarships.
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