Wednesday, September 03, 2008

Scholarship Spending Too High?

The State's Director of Higher Education says that spending for merit/performance scholarships is too high at some Arkansas Universities. Universities nationwide average about 10% of their state funds and tuition on such scholarships. Some Arkansas Universities spend a much larger share, up to 38% in the case of UCA.

The Department has drafted a proposal that the cap on such scholarships be restricted to 15% of state revenues and tuition- 50% above the national average. Schools that violate the cap would face financial penalties.

Can someone please tell me again why we should help destroy lives and bust up families all over the state with a lottery in order to dump even more money into college scholarships?

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