STILLWATER — Possible changes to a state-sponsored scholarship program could make it harder for Oklahoma students to go to college, higher education officials said Wednesday.
Officials said changes to family income requirements under the Oklahoma's Promise scholarship program could reduce the number of students who are eligible for the program by about 10 percent.
Oklahoma Higher Education Chancellor Glen Johnson said such changes could hurt the state's efforts to produce more college graduates.
Oklahoma's Promise provides free tuition to students who meet certain academic, financial and disciplinary requirements. It doesn't cover other costs, such as mandatory fees, books and housing.
House Bill 1721 would lower an income cap that families can't exceed when a student enters college.
Under the current rules, eighth-, ninth- and 10th-graders who apply for the scholarship must show that their families don't earn more than $50,000 a year.
Then, before the students enter college they must fall below another family income cap. Under the current rules, the student's family must earn less than $100,000 a year. The bill seeks to lower the second annual income cap to $60,000. The bill wouldn't apply to students already enrolled in college under the program.
The measure passed the House Monday by a 56-37 vote. It now goes to the Senate.
About 19,600 students received scholarships this year, according to data from the Oklahoma State Regents for Higher Education. Even without changes to the requirements, officials expect that total to dip slightly to about 19,300 students next year and 19,100 students in the fall of 2014.
But if the proposed changes are enacted, officials say, the decline would be sharper. According to State Regents numbers, the program would lose an extra 500 students during the first year after it takes effect. By the fall of 2018, that total would grow to 1,800 students.
The changes would come shortly after a previous round of rule changes that only recently took effect. A 2007 bill changed the program's requirements, adding the $100,000 second income threshold — the requirement the bill seeks to change — and also added a college GPA requirement students must maintain to stay eligible for the program. Those changes took effect last fall.
If you owe under $729k you may qualify for 3.05% APR Govt Refi Plans.