Changes Coming to Bright Futures Scholarships?
Greater Brandon area families who are counting on this state program to help fund college dreams might find the rules of the game changing soon.
The state’s lottery-funded Bright Futures Scholarship tuition program is entering troubled financial waters and some say it’s time to change the rules of the game. “There’s more money going out than going in,” explained Sen. John Legg, R-Lutz. Legg chairs his chamber’s education committee and sits on the education appropriations subcommittee. “Lottery revenues are increasing by about 4 percent a year,” said Legg. The problem is the money going out to Bright Futures awardees is increasing at a rate of about 13 to 14 percent a year, he added. “It’s not going to be able to sustain itself much longer.” Bright Futures was established in 1997 to create a merit-based scholarship program that would use lottery money two fund two main programs…
B.W.Venables
7:25 am on Wednesday, February 13, 2013
It would be interesting to see how much growth has taken place with salaries & benefits for the people running the Lottery, and what impact that has had on available funds for Florida scholars. more ›