September 25, 2022

Arkansas Scholarship Lottery For Graduate Students

Arkansas Scholarship Lottery For Graduate Students

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Scholarships Home

10 December 2021

The following information is intended as a general overview of the program for those who are applying in the Arkansas Scholarship Lottery For Graduate Students, or who are considering applying for the Arkansas Scholarship Lottery, for the scholarship and is not intended to be a comprehensive compilation of program requirements so come and apply for the scholarship as soon as possible. For complete information, please refer to the program’s rules and regulations for the students who are wanted to get this Arkansas Scholarship Lottery.

Arkansas Scholarship Stacking Law

Application Deadline

The application deadline is July 1 of a student’s senior year in high school for the eligible students in the Arkansas Scholarship Lottery.

Arkansas Academic Challenge Award Amounts

Students who were originally awarded prior to the 2016-17 school year are awarded at the following rates for the students in the Arkansas Scholarship Lottery:

Four Year College Two Year College
Year 1 $2000 $2000
Year 2 $3000 $2000
Year 3 $4000
Year 4 $5000

 

Starting with the 2016-17 school year, students are awarded at the following rates for the students in the Arkansas Scholarship Lottery:

Year 1 $1000 $1000
Year 2 $4000 $3000
Year 3 $4000 $1500 (one semester)
Year 4 $5000

Eligibility Requirements

The Arkansas Academic Challenge Scholarship’s eligibility requirements are based on two student categories for the students in the Arkansas Scholarship Lottery:: Traditional (Incoming Freshman) and Nontraditional Students for the scholarship.

Basic Eligibility Criteria:

An applicant must:

  • Be an Arkansas resident (at least 12 months prior to enrollment) and US citizen/lawful permanent resident so these students are eligible for the Arkansas Scholarships Lottery
  • Be accepted for admission at an approved institution of higher education in a program of study that leads to a baccalaureate degree, associate degree, qualified certificate, or a nursing school diploma so these students are eligible for the Arkansas Scholarship Lottery
  • Not have earned a baccalaureate degree so these students are eligible for the Arkansas Scholarship Lottery
  • Complete the Free Application for Federal Student Aid (FAFSA) (although there is no maximum income) so these students are eligible for the Arkansas Scholarship Lottery
  • Not owe a refund on a federal or state student financial aid grant for higher education so these students are eligible for the Arkansas Scholarship Lottery
  • Not be in default on a federal or state student financial aid loan for higher education so these students are eligible for the Arkansas Scholarship Lottery
  • Not borrowed in excess of annual federal loan limits so these students are eligible for the Arkansas Scholarships Lottery
  • Not be incarcerated at the time of application for or during the time the applicant receives the scholarship so these students are eligible for the Arkansas Scholarships Lottery
  • Complied with the United States Selective Service System requirements for registration so these students are eligible for the Arkansas Scholarships Lottery
  • Certify to be drug-free so these students are eligible for the Arkansas Scholarships Lottery

Additional Eligibility Criteria for the Traditional Student:

  • Enroll full-time each semester (Fall and Spring) – 12 hours the fall semester immediately following high school graduation and 15 hours each semester thereafter so these students are eligible for the Arkansas Scholarships Lottery. Students must enroll in required hours at one institution so these students are eligible for the Arkansas Scholarships Lottery.

Continuing Eligibility Criteria

  1. Maintain a 2.50 cumulative GPA (will be evaluated at the end of each Spring term) so these students are eligible for the Arkansas Scholarships Lottery
  2. Complete 15 hours each consecutive semester for full-time and complete at least 6 semester hours for part-time (excluding summer terms) so these students are eligible for the Arkansas Scholarships Lottery
  3. Shall enroll in courses that lead toward a baccalaureate degree after for the scholarship:
  • Earning an Associates Degree for the students; or
  • Having less than four semesters of funding left for the students.

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Request to Forfeit Freshman Award Amount

If you are an Arkansas high school senior who has/will earn 27 college credit hours or more prior to beginning college in the Fall (after your senior year) so these students are eligible for the Arkansas Scholarship Lottery so never miss the chance and apply for the scholarship as soon as possible.

Request to Forfeit Freshman Award Amount Form >

Graduate School Information

There are a few rules that come with this option, listed below for the students:

  • Only the Senior Award Amount can be used for graduate school (Max 2 semesters) so these students are eligible for the Arkansas Scholarships Lottery
  • The Graduate school must be based in Arkansas so these students are eligible for the Arkansas Scholarships Lottery
  • If a student has an extenuating circumstance, they can have their scholarship held up to a year so these students are eligible for the Arkansas Scholarships Lottery

The scholarship amount for graduate school is based on the hours you are enrolled in. Seniors receive $2,500 a semester, if enrolled in 9 or more hours. Below is a chart of the proration so these students are eligible for the Arkansas Scholarships Lottery.

  • Enrolled in 3-5 hours= 50%
  • Enrolled in 6-8 hours= 75%
  • Enrolled in 9+ hours=100%

Graduate Acceptance Letter Submission >

ACT Equivalency Chart

These tests below will not be super scored for the students.

New SAT (Test taken March 2016 or later) for the students 990
ASSET (average of all sub scores) for the students 40
COMPASS (average of Reading, Writing, and Algebra scores) for the students 64
ACCUPLACER (average of all sub scores) for the students 79
Next-Generation ACCUPLACER (average of Reading, Writing, and Math scores) all three scores must be from the same testing session for the students 246

 

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