Arkansas Lottery Scholarships 2023: Eligibility Requirements and Financial Aid

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.

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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.

Official Website

FAQS:

Residency: You must be a resident of Arkansas and have lived in the state for at least one year before enrolling in college.
High School Graduation: You must have graduated from an Arkansas high school or have earned a GED in the state.
Academic Eligibility: You must have a minimum 2.5 high school GPA.
Enrollment: You must be enrolled in an eligible college or university in Arkansas full-time, taking at least 12 credit hours per semester.
Citizenship: You must be a U.S. citizen or eligible non-citizen.
Selective Service Registration: Males must be registered with the Selective Service.
Financial Need: You must demonstrate financial need, as determined by the Free Application for Federal Student Aid (FAFSA).

To qualify for the Arkansas Academic Challenge Lottery Scholarship, you must have a minimum composite ACT score of 19 or a combined SAT score of 880. It’s important to note that the scholarship is awarded based on a combination of ACT/SAT scores and high school GPA, and that the scholarship criteria are subject to change. Therefore, it’s best to check the Arkansas Lottery Scholarship website for the most current information.

To maintain the Arkansas Lottery Scholarship, you must maintain a minimum 2.5 cumulative GPA for each academic year. If your GPA falls below 2.5, you will be placed on probation for one semester and will be required to take at least 12 credit hours. If your GPA remains below 2.5 at the end of the probationary semester, your scholarship will be terminated.

It’s important to note that the scholarship criteria are subject to change, so it’s always a good idea to check the Arkansas Lottery Scholarship website for the most up-to-date information.

No, not everyone gets the Arkansas Academic Challenge Scholarship. The scholarship is awarded based on a combination of ACT/SAT scores, high school GPA, financial need, and the availability of funds.

The number of A’s required for a scholarship can vary depending on the scholarship provider and the specific criteria of the scholarship. Some scholarships may require a certain GPA, while others may be based on specific achievements or talents. Some scholarships may not require a certain GPA or grades at all. It’s important to carefully review the criteria of each scholarship you are interested in to determine the specific requirements for eligibility.

The amount of the Arkansas Lottery Scholarship varies depending on the student’s level of enrollment and the school they attend.

For students attending a four-year university, the scholarship provides up to $5,000 per year for freshmen and sophomores and up to $6,000 per year for juniors and seniors.

For students attending a two-year college, the scholarship provides up to $2,000 per year.

It’s important to note that the Arkansas Lottery Scholarship is subject to availability of funds and may be adjusted if the total amount of qualified applicants exceeds the available funds.