How Lottery Benefits Students

  by: JohnCurio - Category:

Have you ever thought about winning the lottery? Students of Arkansas looking to fund their education can now enjoy the Arkansas Scholarship Lottery, which is meant to increase not only the quantity of awards but also the number of students who can apply. Cheryl Lyons, director of financial aid at UCA, said that “we want everyone to know about the scholarship and everyone apply early and do their FAFSA…it’s actually the same thing as the Arkansas Academic Challenge Scholarship (ACS)”.

For some reason many students did not understand how exactly the Scholarship Lottery works. In fact it is a big expansion to ACS because students already in school and nontraditional students’ categories were included although the requirements for current students vary significantly from the requirements for freshmen. Another great feature of the Scholarship Lottery is that no financial need is required to be entitled of the money.

So how much money are we talking about? The Scholarship Lottery funds $2,500 for freshmen year, $2,750 for sophomore year, $3,000 for junior year and $3,500 for senior year. For students already receiving ACS the sum will increase to $5000.