Increasing HOPE Scholarship / House Bill 2152 – Lamberth, Gant, T. Hicks – The General Assembly approved an $85 million increase in funding for the HOPE scholarship this year. With the increase, the scholarship award will raise from $3,500 to $4,500 per year for freshman and sophomores at four-year institutions and from$4,500 to $5,700 for juniors and seniors. It will increase from $3,000 to $3,200 per year for students at two-year schools. To be eligible for the HOPE scholarship, students must graduate from a Tennessee high school with a 3.0 GPA or higher and have a 21 on their ACT or 1060 on their SAT. The program is funded from revenue from the Tennessee Lottery. The award is estimated to impact 32,637 freshmen and sophomores and 30,537 juniors and seniors at four-year schools along with 15,901 students at two-year schools. The bill also increases eligibility for scholarships to the Tennessee College of Applied Technology, aiming to target the 12.6% of Tennesseans ages 16 to 24 who are not in school currently. (Passed Senate and House / takes effect upon becoming law)
Click HERE to read the Public Chapter.
