About 20,000 students are enrolled in the Oklahoma Promise scholarship program, said Ben Hardcastle, spokesman for the state Regents for Higher Education. The program will receive about $63.1 million this fiscal year.
Reducing the income cap from $100,000 to $60,000 would save the state about $1.7 million and affect about 500 students a year, Osborn said.
Her intent, she said, was not to find savings for a proposed quarter-percent cut in the state personal income tax, which would cost the state about $120 million annually when fully implemented.
The program was created 21 years ago; to qualify then, a family could make no more than $24,000 a year. That later rose to $32,000 and then to $50,000. To ensure funding, the Legislature several years ago stopped funding it as part of the appropriations process for higher education; instead it is funded before the appropriations process begins.