Are you thinking about applying for an Arkansas Lottery Scholarships 2023? This guide will help you to find out if you qualify, learn the requirements of the scholarship, and understand what kind of financial assistance is available.
In 2023, over 675,000 Arkansas Academic Challenge scholarships will be available through the Arkansas Scholarship Lottery. Since 2009, the lottery has raised over $1.1 billion to help fund postsecondary education for Arkansas students.
Each dollar earned from the lottery is spent directly on prizes, scholarships, retailer commissions, and other expenses within the state of Arkansas.
About Arkansas Lottery Scholarships:
1#Be a full-time student at an Arkansas university or college:
To be eligible for an Arkansas lottery scholarship, you must be enrolled in an accredited college or university located in the state of Arkansas.
You also need to be taking a minimum of 12 credit hours per semester and maintain a cumulative grade point average of at least 2.5 to remain eligible for the award.
2#Have AGFC lottery tickets in their name that were purchased in the state of Arkansas:
To be eligible for an Arkansas lottery scholarship, you must have AGFC lottery tickets in your name that were purchased in the state of Arkansas.
Once approved for the award, you must then submit your AGFC lottery ticket numbers to your university before each semester begins.
This will ensure that your scholarship funds are deposited directly into your tuition account and can be used to pay for tuition, fees, books, and room and board.
3#Meet the current GPA and credit hour requirements:
To retain eligibility for an Arkansas Lottery Scholarships , you must maintain the required GPA and credit hour requirements.
For example, if you are enrolled in 12+ credit hours in your first-year of college, you’ll need to maintain a 2.5 GPA. For the second year of study, you’ll need to earn a 3.0 GPA and be enrolled in at least 15 credit hours at all times.
During your junior year, a 3.25 GPA and 15 credits are required, and for senior year it increases to a 3.5 GPA and 15 credits as well.
4#Demonstrate financial need:
Students who want to qualify for an Arkansas Lottery Scholarships must also demonstrate financial need. The amount of aid you receive is based on the cost of attendance and your EFC, or expected family contribution. To be eligible, you’ll have to submit a FAFSA form and create a FSA ID so that you can sign the form electronically.
5#Meet the specific criteria set by their school:
On top of meeting the requirements set by the state, students must also meet the specific criteria set by their school.
Make sure you understand what your school requires from scholarship applicants, as this may affect your eligibility for the Arkansas lottery program.
You will likely have to complete an additional application and provide transcripts or other proof that you meet their criteria.