College Scholarship Money from States Dipping

As states try to keep their heads above water, since revenues aren't increasing, spending needs to decrease. Unfortunately, college scholarship money is an easy target. In just the last few weeks, several states have been debating changes to some of their most popular scholarship programs.

The Georgia HOPE Scholarship is funded by the Georgia lottery, which has seen revenues drop to the point where the scholarship fund may be depleted if it remains in it's current form. Legislators will be taking a hard look at the HOPE during this year's budget talks. Look for the amount covered to decrease.

There is similiar discussion in the State Legislature about the Nevada Millenium Scholarship. The feeling there is that some restrictions may need to be placed on the scholarship, perhaps limiting it to students in particular degree programs.

In Missouri, the Access Missouri Scholarship Program had it's funding cut last year and it's not looking much better this year. The Missouri Higher Education Loan Authority is setting aside some money in case it is needed to supplement the reduced Access Missouri Program this year.

All in all, don't count on these state scholarship programs to fully fund your college education as they have in the past for so many students. Start early and apply for as many other college scholarships as you can.

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