Arkansas Aspiring Scholars Matching Grant

In Arkansas, a new college savings program was just announced. The Aspiring Scholars Matching Grant will provide matching funds in the state's 529 plan for qualifying families. The account holder and the beneficiary must be Arkansas residents.

Families with an Adjusted Gross Income (AGI) of $60,000 or under will qualify for a 1-1 match up to $500 per year. Those with an AGI of $30,000 or below will qualify for a 2-1 match up to $500.

As a pilot program funded under ACT 597 of 2007, there is $250,000 set aside for the first two years of the program and will be granted based on need following closure of the application period April 30.

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