February 23, 2016
For years millions of scholarship dollars have been diverted away from Kentucky’s need-based financial aid programs to the General Fund.
Studies have shown that need-based financial aid: • Increases college enrollment among low- and moderate-income students. • Increases college persistence and the number of credits earned.
Kentucky has two need-based financial aid programs funded by the lottery. According to state law, lottery funding should be split 3 ways: • Literacy programs receive $3 million off the top. • The merit-based scholarship, the Kentucky Educational Excellence Scholarship (KEES), receives the next read more