Is the lottery shortchanging schools?
According to the North American Assoc. of State and Provincial Lotteries, 42 states and the District of Columbia run lotteries, and more than half claim the games boost funding for education. But CBS News chief investigative correspondent Armen Keteyian found that lotteries aren't exactly providing a windfall for schools.
If you listen to state lottery ads, we're supposed to believe that all the numbers are supposedly adding up to more and more money for education.
Lotteries help, but n ...
Sep 19, 2007, 12:38 pm - Lottery News forum
Scholarships hit by S.C. Lottery downturn
As revenue declines, grants could cover less of rising in-state tuition
Declining revenues from the S.C. lottery and increasing demand for the scholarships it provides means students could see their tuition grants drop.
It's already happened in Georgia, where tighter standards for winning lottery-funded scholarships have cost 18,000 students once-free rides.
Some day, we will have to cap the cost, S.C. Senate Finance Chairman Hugh Leatherman said. The general fund cannot afford to ha ...
Aug 6, 2007, 7:43 am - Lottery News forum
N.M. Gov. signs bill to extend lottery scholarships
A bill signed by New Mexico Gov. Bill Richardson on Thursday is designed to extend the life of the lottery scholarship fund, which has been projected to run out of money in the next few years.
Senate Bill 364, sponsored by Senate Majority Leader Michael Sanchez, D-Belen, will require that more money from lottery sales goes to the scholarship fund, and less to administration.
The lottery scholarship allows all New Mexico high school graduates in good academic standing to attend college in s ...
Mar 30, 2007, 10:36 am - Lottery News forum
N.M. Senate votes to shift more lottery funds to scholarships
The New Mexico State Senate voted 39-1 Tuesday to ensure that more proceeds from the New Mexico Lottery go toward the scholarship fund and less go toward administration.
Senate Bill 364 would require that at least 27 percent of revenue from lottery sales go toward scholarships starting July 1, and then at least 30 percent starting Jan. 1, 2009. Current law requiring that at least 50 percent of revenue go toward prizes will remain in effect.
The bill comes on the heels of a report last fall ...
Feb 28, 2007, 10:27 am - Lottery News forum
N.C. Gov. calls for shift of lottery funds
Easley wants to take from scholarships and give to pre-K program
Gov. Mike Easley's spending plan for next year would shift profits from the N.C. Lottery toward a pre-kindergarten program at the expense of school construction and scholarships.
Easley has asked legislators to change the law so that he can earmark more money for the More at Four program, which prepares at-risk 4-year-old children for school. Easley wants to add 10,000 spaces in the program, which currently serves more than 1 ...
Feb 28, 2007, 9:54 am - Lottery News forum
Nationwide, lotteries pay for far more than education
Martha Keller is a 78-year-old resident of Altoona, Pa., who frequently takes the bus from her apartment on Walnut Avenue to her doctor's office or the local senior center. Chandni Amin is a 19-year-old nursing student at Georgia State University in Atlanta.
Keller and Amin have little in common save for one thing both are benefiting directly from money raised by state lotteries. Lotteries help pay for everything from education to economic development, buses to baseball stadiums.
In Penn ...
Jan 31, 2007, 12:06 am - Lottery News forum
High rate of Tenn. Lottery scholarships are lost by bad grades
There is a high probability that Tennessee college students with lottery funded scholarships will lose them.
A state report found 64% of students who got the scholarships two years ago failed to qualify to keep them.
In translation, roughly almost two out of every three students' did not make the grade.
Of the money raised by the Tennessee Lottery, 30% goes to college scholarships. Figures, just now coming in for students who received the first bunch of scholarships in 2004, are not ...
Jan 19, 2007, 3:12 pm - Lottery News forum
Tech students to get nearly $1,000 from S.C. Lottery scholarships
Lottery-funded tuition assistance for students heading to technical college in South Carolina in fall has gone up to $996 and $83 per credit hour for part-time students.
That's $60 more than was available for the summer semester.
Full-time Midlands Technical College students from Richland, Lexington and Fairfield counties will pay $554 per semester in the fall.
The State Board of Technical and Comprehensive Education set the lottery-funded scholarship for students at 2-year schools at $ ...
Jul 13, 2006, 9:15 am - Lottery News forum
Tenn. Senator seeks more funds for lottery scholars
A state lawmaker's crusade to increase the amount of Tennessee's lottery scholarships is raising concerns among his colleagues and the governor, who say giving full scholarships this early in the program may create a financial crisis down the road.Sen. Steve Cohen, the main sponsor of the bill that created the scholarships last year, said he wants them to fully cover tuition at the state's colleges and universities.Currently, scholarships cover about 75% of students' tuition and fees.Cohen, a Me ...
Dec 28, 2005, 7:54 am - Lottery News forum
All Kentucky lottery money to fund education
Finally fulfilling the promise made 17 years ago to voters who approved a state lottery, all of the Kentucky Lottery's revenue will go directly to education beginning today specifically to fund college scholarships.That means students who meet financial criteria will get larger awards, and more students will receive both need-based and merit-based scholarships.A projected $167 million in lottery proceeds over the next 12 months will fund the scholarships an increase from $134 million last ye ...
Jul 1, 2005, 11:21 am - Lottery News forum