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IN HB1590
Bill
Status
1/20/2015
Primary Sponsor
Terri Jo Austin
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AI Summary
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Establishes the earn more Indiana scholarship program administered by the Indiana Commission for Higher Education to provide scholarships for associate degree programs at state educational institutions and nonprofit independent colleges/universities in Indiana.
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Eligible students must apply during senior year of high school, complete the Free Application for Federal Student Aid annually, graduate from an approved secondary school, enroll immediately after graduation, complete at least 15 credit hours per semester, and complete at least 15 hours of community service per semester.
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Scholarship amount equals tuition costs after all other state and federal financial aid (except loans and work-study) have been exhausted, or $4,000 per academic year, whichever is less.
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Creates the earn more Indiana scholarship fund receiving $36 million annually: $12 million from state general fund, $12 million from Indiana state lottery administrative trust fund, and $12 million from riverboat wagering taxes.
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Effective July 1, 2016; initial appropriation of $12 million from state general fund for fiscal year 2016-2017 expires July 1, 2017.
Legislative Description
Earn more Indiana scholarship. Establishes the earn more Indiana scholarship program and fund for students attending postsecondary educational institutions immediately after high school to earn associate degrees. Sets forth qualification requirements. Provides for $36 million annual funding as follows: (1) $12 million from the state general fund. (2) $12 million from Indiana state lottery revenue. (3) $12 million from riverboat wagering taxes.
Last Action
First Reading: referred to Committee on Education
1/20/2015