Arizona Senate Bill 1572 Summary

• Establishes the Arizona Promise Scholarship program providing full tuition and fee coverage for eligible undergraduate students after accounting for other financial aid received.

• Eligible students must be U.S. citizens or permanent residents, Arizona residents for 12+ months, high school graduates from Arizona schools with minimum 3.5 GPA, and meet federal Pell Grant eligibility criteria.

• Creates the Arizona Promise Scholarship Fund administered by the Arizona Board of Regents, funded by legislative appropriations and earnings from the financial aid trust fund, with up to 3% annual spending for marketing and administration.

• Requires annual reporting to the legislature and governor on scholarship awards, student persistence and completion rates, fund distribution methodology, and remaining balances.

• Appropriates $20,000,000 from the state general fund for fiscal year 2020-2021 and sunsets the program on July 1, 2030.