Every year, thousands of students from Arkansas wonder whether they can afford to attend college. Arkansas students may not realize that there are a number of scholarships that are geared towards making college more affordable. Some of these scholarships, the the Arkansas Challenge Scholarships, are only open to students who are from Arkansas. One of the best ways to determine eligibility for this scholarship, and other awards that you might be eligible for, is to complete a FAFSA application as early as possible. The Arkansas Challenge Scholarships are funded primarily through the Arkansas Scholarship Lottery. Both tradition students (those who attend college directly from high school) and nontraditional students are eligible for these awards.
In order to apply for the Arkansas Challenge Scholarships, applicants must meet a number of eligibility criteria. First, the applicant must be accepted to an accredited program for an undergraduate degree or certificate program. Only students who have not earner their B.A. and who have been residents of both the U.S. and Arkansas for at least one year will be considered. Applicants can not have defaulted on any state of federal loans, can not be imprisoned, must agree to not use drugs, and must register with the Selective Service. In addition, all students are required to complete the FAFSA application and hold at least a 19 on the ACT.
Students who receive this scholarship must agree to enroll in their chosen academic program on a full-time basis. Additionally, all applicants must have a minimum high school grade point average of 2.5 in the Arkansas core curriculum requirements. In order to maintain eligibility for award renewal, students have to maintain the 2.5 grade point average in college. Additionally, students must successfully complete at least 27 credit hours during their first year and at least 30 hours per year for year additional year in college. The award is available for up to eight semesters or until the applicant graduates. Additional eligibility requirements for traditional and nontraditional students can be found at this website.
In order to apply for this scholarship, applicants must apply for the award through the state education website. All applicants must be received prior to the June 1st deadline. The amount of funding available depends on the year that the student receives the scholarship and whether they intend to enroll in a two-year school or a four-year school. In order to increase retention, the award increases most years. For example, for applicants who are receive the award beginning in the 2016-2017 year and who enroll in a four-year university, a total of $14,000 is available. This scholarship is awarded in the following increments: $1,000 for freshman year, $4,000 for sophomore year, $4,000 for junior year, and $5,000 for senior year.
Once the applicant is ready to apply, he or she will need to create an account at this website. The application will ask students to report their demographic and educational information. In addition, students will be reminded to complete the FAFSA application.