NORTH LITTLE ROCK, AR - Arkansas high school graduates can receive up to $1,000 annually for college under the state's first need-based grant program. Governor Beebe and higher education officials unveiled the new college grant program that is funded by an $18.4 million measure passed by the Legislature this year.
The grant provides up to $1,000 a year for full-time students and up to $500 for part-time students. It is available to students whose families make $25,000 a year or less if they are an only child. The income limit is raised by $5,000 for each additional dependent child.
In order to keep the scholarship, the student must maintain a 2.0 grade point average in college and the grant only goes to colleges and universities in the state.
Applicants for the grants must either have graduated from an Arkansas high school or have successfully completed the General Educational Development test.
Governor Beebe is due on-campus at Arkansas State University this afternoon to promote the program.