HOPE Funding Increase Sought
Lawmakers: Change Needed in Program
Thursday, December 11,
ATLANTA -- State officials are asking for a 14 percent jump
in funding for the HOPE scholarship program, a move legislators say
should highlight the need for changes in the program. Legislators say the request for a $61 million increase may make
it easier to convince the General Assembly that something needs to
be done quickly to keep the popular lottery-funded program from
running out of money in the next few years. The Legislature
convenes in January. "It makes it a more immediate issue," said Sen. Bill Hamrick,
R-Douglasville, chairman of the Senate Higher Education Committee
and co-chairman of a state commission that studied HOPE this fall.
"The more information we've gotten to the surface, the clearer it
is that something needs to be done." HOPE officials have asked for more lottery money each year to
pay for growth in the program. But the latest request is about $10
million more than in the previous year. Past increases have been covered by increases in lottery sales.
But the growth in lottery revenues is expected to slow, while HOPE
costs continue to soar. Officials have said if changes are not made, the HOPE
scholarship and the lottery-funded pre-kindergarten programs may
have to begin dipping into financial reserves in the 2006-07 budget
year. The programs would sink $434 million into debt two years
later, according to some state projections. Estimates from the Student Finance Commission, which administers
HOPE, suggest the fiscal day of reckoning could come as early as
next year. The commission's budget recommendations call for an increase
from $441.3 million in HOPE spending this year to $502.8 million in
fiscal 2005, which begins July 1. The budget is climbing close to
matching expected lottery revenues. Shelley Nickel, executive director of the Student Finance
Commission, said the estimate for next year's HOPE spending may
have to be adjusted because the budget probably does not fully take
into account the increase in college enrollment this fall. Enrollment rose 6 percent -- an increase of 14,000 students -- on
the heels of a 7.1 percent jump the previous year. Gov. Sonny Perdue and legislators acknowledge there is a
problem, but it will be politically difficult to make substantive
changes during the 2004 General Assembly. Next year is an election
year, and HOPE is among the state's most popular programs. Currently, students with a B average or higher receive full
tuition, mandatory fees and money for books to attend a Georgia
public college. Technical school students also are eligible for the
scholarship, and students at Georgia private colleges can receive a
$3,000 annual grant.
Copyright 2003 by WSBTV.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.









Nelson's News
Tour Chateau Elan Mansions Decorated For Christmas
Holiday Greetings From Georgia Soldiers Overseas
Tame Your Credit Card Interest Today
Holiday Guide 2008
Pets
Survey: Half Of High School Students Cheat
Get Your Guide To Women’s Health


