Regents To Seek Millions Of Dollars For Need-Based Aid

News
money-cash-retirement-fund-markets-wall-street-economy_415100530621

A top official says the state Board of Regents will ask policymakers to put millions of dollars into a new need-based scholarship program meant to keep higher education affordable for South Dakota students.

Mike Rush, the board’s executive director and CEO, said Monday that South Dakota has “very little” need-based financial aid available to students, particularly compared to surrounding states.

He says the regents are seeking $3.5 million for the next state budget year for the new program, which is called Dakota’s Promise. He says it’s a top priority for the board.

A board report projects that in state budget year 2019, roughly 2,000 new students would be eligible for funding under the program at a state cost of about $3.5 million.

The board says the funding would scale up in future years.





Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Continuing The Conversation
See Full Weather Forecast

Trending Stories

Don't Miss!

More Don't Miss


 

More Contests