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The “NEW” Arkansas Academic Challenge Scholarship

The “NEW” Arkansas Academic Challenge Scholarship. Jim Purcell. A new day for Scholarships in Arkansas. and how it will change higher education. Jim Purcell. Financial Aid Applications as of March 30, 2010. Academic Challenge Scholarship Nontraditional 16,483 Traditional 12,849

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The “NEW” Arkansas Academic Challenge Scholarship

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  1. The “NEW” Arkansas Academic Challenge Scholarship • Jim Purcell

  2. A new day for Scholarships in Arkansas. . . and how it will change higher education • Jim Purcell

  3. Financial Aid Applications as of March 30, 2010 • Academic Challenge Scholarship • Nontraditional 16,483 • Traditional 12,849 • GO! Opportunities Grant 18,171 • Workforce Improvement Grant 6,948 • Governor's Scholars Program 6,100 • Teacher Opportunity Program 1,020 • Arkansas Single Parent Scholarship Fund 428 • State Teacher Education Program 395 • Military Dependents Scholarship 288

  4. Academic Challenge: • $2,500 for Community College students • $5,000 for University students • Traditional Students --$53 million • Adult learners/returning students --$12 million • Current Achievers --$43 million • for 2010 to be phased out over the next 3 years. • The scholarship criteria for continuing eligibility are designed to encourage speed to graduation. • Expansion of need-based aid to Adults

  5. It is our hope that the Arkansas Academic Challenge Lottery Scholarship will:--increase student success--reduce student loans--prepare more students for high wage high demand jobs benefit Arkansas’s economy Outreach: SayGoCollege Career Coaches

  6. “NEW”Academic Challenge • Increase participation of direct-from-high-school students from 3,600 to over 10,000 annually • Projected to serve over 29,000 students during the 2010-11 academic year

  7. Arkansas Academic Challenge Scholarship • Student categories • Traditional • Current Achiever • Nontraditional

  8. General Eligibility Requirements • U.S. Citizen or Lawful Permanent Resident • Arkansas Resident • Attend an eligible Arkansas Institution • Satisfactory Academic Standing • Continuing Eligibility Requirements

  9. Academic Challenge Scholarship • Scholarships awarded under the “NEW” Academic Challenge will begin Fall 2010 • NO INCOME REQUIREMENT • Aligned with Smart Core • Basic eligibility criteria • Traditional Students • Accepted for admission at an approved institution of higher education as a full-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma • Applicant must complete the YOUniversal Scholarship Application and the FAFSA

  10. Academic Challenge Scholarship Traditional • Traditional Student requirements (cont..) Must meet one of the following criteria: • Graduate from an Arkansas public high school, successfully complete the Smart Core curriculum and achieve a 2.5 high school GPAOR obtain a 19 on the ACT • (before 2014 -- No Smart Core), Graduate from an Arkansas public high school, achieve a 2.5 high school GPA AND obtain a 19 on the ACT ORscore proficient on all state-mandated end-of-course assessments • If student graduates from an Arkansas public high school that is identified as a school in which 20% or more of the students received a letter grade of “B” or higher but did not score proficient or higher on the end-of-course assessment, the student must achieve a 2.5 high school GPA AND obtain a 19on the ACT OR score proficient on all state-mandated end-of-course assessments Grade Inflation Clause DelayedUntil 2011

  11. Academic Challenge Scholarship Traditional • If a student has a disability identified under the Individuals with Disabilities Education Act and graduated from an Arkansas public high school but did not complete the Smart Core because of the applicant’s individualized education program, the student must achieve a 2.5 high school GPA AND obtain a 19 on the ACT OR score proficient on all state-mandated end-of-course assessments • Graduate from a private, out-of-state high school or home school and achieve a 19 on the ACT

  12. Academic Challenge Scholarship Traditional Continued Eligibility Criteria: • Maintain a 2.50 cumulative GPA • Complete 27 semester hours the first academic year and 30 semester hours each year thereafter • Complete all remedial coursework during the first 30 hours taken after receipt of the scholarship • Renewed annually until recipient first: • Earns Bachelor’s degree • Attempts a total of 130 semester hours in 8 semesters The Lottery Act requires students to: --- complete remediation within the first 30 hours of coursework --- take 15 hours each semester (traditional first term Freshmen can take 12) --- 8 semesters going full-time

  13. Academic Challenge Scholarship Current Achievers • Current Achievers • Accepted for admission at an approved institution of higher education as a full-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma • Applicant must complete the YOUniversal Scholarship Application and the FAFSA

  14. Academic Challenge Scholarship Current Achievers Current Achievers • Must meet all of the following criteria • Entered college before the 2010-11 academic year as a full-time first-time freshman within 12 months after graduating high school • Has been continuously enrolled (fall and spring), completing at least 12 hours each semester, since high school graduation • Has completed at least 12 semester credit hours at an approved Arkansas institution • Achieved a 2.5 postsecondary GPA

  15. Academic Challenge Scholarship Current Achievers Continued Eligibility Criteria: • Maintain a 2.50 cumulative GPA • Complete 15 semester hours each consecutive semester (Fall & Spring) • Complete all remedial coursework during the first 30 hours taken after receipt of the scholarship • Enroll in courses that lead toward a Bachelor’s degree after attempting the lesser of: • 66 semester hours • Completion of an associate degree program • Renewed annually until recipient first: • Earns Bachelor’s degree • Attempts a total of 130 semester hours in 8 semesters

  16. Funding CAP for Current Achievers • Current Achiever student funding: • $41.5 Million for 2010-2011 • If sufficient funds are not available, awards will be prioritized • Level of progress toward completion of their baccalaureate or associate degree, certificate program or nursing diploma • Highest cumulative GPA • Students majoring in an area identified as a critical workforce need, and the STEM fields

  17. Academic Challenge Scholarship Nontraditional Nontraditional Students • Accepted for admission at an approved institution of higher education as a full-time or part-time student in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate or a nursing school diploma • Applicant must complete the YOUniversal Scholarship Application and the FAFSA

  18. Academic Challenge Scholarship Nontraditional • Nontraditional Students • Must meet one of the following criteria • Graduate from an Arkansas public high school and achieved a 2.5 high school GPA or obtained a 19 on the ACT; or • Graduated from a private high school, out-of-state high school or home school and achieved a 19 on the ACT; or • Has completed at least 12 semester credit hours and achieved a 2.5 postsecondary GPA.

  19. Limited Funds for Nontraditional Students • Majority of Scholarship funds are targeted to students directly out of high school and current achievers • Nontraditional student funding: • $12 Million for 2010-2011 • In future years, ADHE will recommend more or less depending on usage of the scholarship and lottery revenue

  20. Delayed: 1/2 ACT/SAT/ Compass or equivalent score with priority given to those not requiring remediation Earn-In:1/2 Level of progress toward completion of their baccalaureate or associate degree, certificate program or nursing diploma Highest cumulative GPA Students majoring in an area identified as a critical workforce need, and the STEM fields Distribution of funds to nontraditional students Student applies for the Arkansas Academic Challenge via the universal application Indicates they are desiring to attend a CC or University Different buckets of funds CC students would compete with CC students University Students would compete with University Students Delayed Earn-in $$$ divided equally among nontraditional categories

  21. Academic Challenge Scholarship Nontraditional Continued Eligibility Criteria: • Maintain a 2.50 cumulative GPA • Complete 15 semester hours each semester (Fall and Spring) if a full-time student and at least 6 semester hours each semester if a part-time student • Complete all remedial coursework during the first 30 hours taken after receipt of the scholarship • Renewed annually until recipient first: • Earns Bachelor’s degree • Attempts a total of 130 semester hours in 8 semesters for a full-time students and up to 16 semesters for part-time students

  22. Academic Challenge Scholarship • Award amounts: • $5,000 per year for full-time students at a 4-year institution • Scholarship at a 2-year college will be one-half (50%) of the scholarship award amounts for 4-year institution • Award amounts will be prorated for part-time students • ½ award amount – 6-8 hours • ¾ award amount – 9-14 hours

  23. Academic Challenge Scholarship Application Deadline Dates: • Traditional Students • June 1 of senior year in high school • Current Achiever Students • June 1 for the Fall term • November 1 for the Spring term • Nontraditional Students • June 1 for the Fall term • November 1 for the Spring term

  24. Other Details • Consent forms – student receiving any form of state-supported financial aid will be required to complete a consent form before any state funds are released to the student • ADHE will collect form from students that receive an ADHE scholarship/grant • Institutions will collect form from students awarded state-supported financial aid solely by the institution. • Stacking -- Students cannot get funds beyond the cost of attendance • Example: UALR Cost of Attendance = $18,000 • The most you can get in aid is $18,000 in state financial aid. • Pell grant will be in addition to the $18,000.

  25. civic involvement volunteer activity by education levels 50% 45.6% (60 hours) B.A. or Higher 40% 34.1%(52 hours) Some College 30% 21.7%(48 hours) Percentage Volunteering 20% High School Diploma 9.9%(48 hours) 10% Less Than High School Diploma 0% Bureau of Labor Statistics. (2003). Volunteering in the United States, 2003. USDL03-888. U.S. Department of Labor.

  26. civic involvement blood donation by education level, 1994: percentage who donate regularly 20% 17% B.A. or Higher 13% 15% 11% Percentage Donating Blood Some College High School Diploma 10% 6% 5% Less Than High School Diploma 0% Source: DBD Worldwide. (2000). DBD Lifestyle Survey. Chicago. Available at www.bowlingalone.com.

  27. government participation assistance programs education level 24.3% Less Than High School Diploma 10.2% High School Diploma 4.6% Some College& Bachelor’s Degree or More Ever Participated in Assistance Programs Source: Postsecondary Education Opportunity, May 28, 1997, pg 47.

  28. government incarceration rates by education levels 2.5% 1.9% 2.0% Less Than High School Diploma 1.5% 1.2% Percentage Incarcerated High School Diploma 1.0% 0.5% 0.3% 0.1% Some College B.A. or Higher 0.0% Source: Harlow, C.W. (2003). Education and Correctional Populations. Bureau of Justice Statistics, Department of Justice. NCJ195670.

  29. economic Percent Below Poverty Threshold, 2004 40% 32% 30% Less Than High School Diploma Percentage Home Ownership 20% 15% High School Diploma 10% 10% Some College 4% B.A. or Higher 0% Census Bureau

  30. economic unemployment rates and education level, 2004 9.7% 10 Less Than High School Diploma 7.5% 8 High School Diploma 6 5.1% 4.6% Some College B.A. or Higher 4 2 0 Source: Employment Policy Institute

  31. Quality of Life Home Ownership 80% 75% B.A. or Higher 69% 66% 70% High School Diploma Percentage Home Ownership Some College 58% 60% Less Than High School Diploma 50% Census Bureau, American Housing Survey for the United States:2005

  32. Safety Seatbelt Use while intoxicated, 1990 percentage who use seatbelt 78% 80% 66% B.A. or Higher 60% 52% Percentage Donating Blood 41% Some College 39% 40% Less Than High School Diploma High School Diploma 31% 20% 15% 20% 0% Source: American Journal of Public Health

  33. economic Average family income by educational attainment, 2003 175 150 125 100 Income ($000) 75 50 25 Source: Postsecondary Education Opportunity, 2005 0 Some MA LT-9 9-12 HSG AA BA PhD Prof College

  34. economic Education Level Estimated Lifetime Earnings Difference Compared to High School Graduate Less than 9th grade $976,350 -$478,903 High school dropout 1,150,698 -304,555 High school graduate 1,455,253 0 Some college, no degree 1,725,822 270,569 Associate degree 1,801,373 346,120 Bachelor's degree $2,567,174 $1,111,921 Master's degree 2,963,076 1,507,823 Doctorate 3,982,577 2,527,324 Professional degree 5,254,193 3,798,940 The Impact of Education on Individuals:Lifetime Earnings Source: Federal Reserve Bank of Dallas, 2005

  35. At the end of WWII, the U.S made a bold decision to invest in the future of its economy by providing $1.9 billion annually to the education of returning veterans of the war. This commitment to human capital helped enable the WWII generation to become the “greatest generation.” Possibly, Arkansas’s greatest generation is at the schoolhouse door waiting for the opportunity to propel Arkansas into the global economy.

  36. Jim Purcell Jim.purcell@adhe.edu 501-371-2030

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