Since awarding its first round of scholarships in 2011, the Arkansas Scholarship Lottery has awarded more than 200,000 Arkansas Academic Challenge scholarships to Arkansas college students, an investment of more than $600 million.
The Lottery began in 2009 with the express purpose of using net proceeds from the Office of the Arkansas Lottery to provide scholarships and grants to Arkansas residents enrolled in public and private nonprofit two-year and four-year colleges and universities within the state. More than 92 cents of every dollar spent on lottery tickets is paid out to scholarships, lottery prizes and commissions for retailers who sell tickets throughout Arkansas.
Last year, Pulaski County students were awarded 4,405 scholarships, more than any other county, followed by Benton County (2,461) and Washington County (2,305). Counties awarded more than 1,000 scholarships last year included Craighead, Faulkner, Garland, Lonoke, Saline and Sebastian counties.
For academic year 2016-2017, students at four-year institutions received scholarships of between $1000 and $5000, depending on their year in school. First-year students at two-year institutions received $1000 while second-year students received $3,000.
For full details on the scholarship, visit the Arkansas Department of Higher Education website at http://scholarships.adhe.edu/ or the Lottery website at http://myarkansaslottery.com/.