Lottery Scholarships The “Reason Why” Behind the Scholarships Prepared by the Staff at the State Board of Education

Lottery Scholarships

The “Reason Why”Behind the Scholarships

Prepared by the Staff at the State Board of Educationwww.state.tn.us/sbe

Contact Information

[email protected]

Research AssociateState Board of Education

Feel free to contact me with additional questions about the presentation or if you would like a copy.

Tennessee needs more college ready students

College Readiness Benchmarks

ACT’s research has found that the skills required to be ready for college are the same skills required to succeed and advance in the career and technical workforce.http://www.act.org/path/policy/pdf/ReadinessBrief.pdf

ACT’s college readiness benchmarks indicate a 50% chance of attaining a B or higher in a corresponding college level course, or a 75% chance of attaining a C or higher.

ACT College Readiness Benchmarks

202124Biology

151721Social Science

171922Algebra

131518English

EXPLORE(Grade 8-9)

PLAN(Grade 10)

ACT(Grade 11-12)

SUBJECT

ACT

The only course sequence approaching the college readiness benchmark includes trigonometry.

The only course sequence approaching the college readiness benchmark is biology, chemistry, physics.

All of the headlines are about China and India…(estimated populations)

300,000,000

1,300,000,000

1,000,000,000

United States China India

United States China India

The “Why” Behind the Scholarships

Business Week, May 22, 2006

Mexico Pumping Out Engineers

The headlines are about low-wage illegals,but Mexico is swiftly upgrading its workforce

Mexico: Pumping Out Engineers

Business Week, May 22, 2006 There are currently 451,000 full-time

engineering undergraduates in Mexico compared to 370,000 full-time in the U.S.

GE Aviation and Engineering is hiring 200 engineers in Mexico City this year.

Honeywell Aerospace is building a $40 million research facility in Mexico hiring 300 engineers.

The HOPE Scholarship is not just about getting

into college…

The HOPE Scholarship is about earning a college

degree!

Become the StatisticFederal Advisory Committee on Student

Financial Assistance ACSFA, 2001

The best predictors of successfully completing a college degree (2-year or 4-year institution)

Taking rigorous high school coursework

Full-time enrollment in a 2-year or 4-year college.

Source: Analysis Based on Education Pays 2004, College Board & Trends in College Pricing 2004, College Board

Associate’s

Bachelor’s

Master’s

Doctorate

The Benefits of a Higher Degree Are a No Brainer!

$350,200

$1,079,370

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2 Yr. Public College (Southern) 4 Yr. Public College (Southern)

Total Costs Additional Career Wages

Total Cost

AssociatesDegree

Total Cost

Bachelor'sDegree

Lottery Scholarships Helping students prepare for

jobs that have yet to be created.

Google is a perfect

example.

www.google.com/jobs

• Engineering (248 types of openings) • Operations and IT (187 types of openings) • Partner Solutions Organization (16 types of openings) • Product Management (41 types of openings) • Advertising Sales (101 types of openings) • Online Operations (62 types of openings) • Billing and Payments (17 types of openings) • Enterprise (19 types of openings) • Search Services/Syndication (20 types of openings)

Google is looking for 248 EngineersData Retrieved June 5, 2006

• Marketing (18 types of openings) • Finance (63 types of openings) • Facilities (9 types of openings) • Legal (18 types of openings) • Business/Corporate Development (4 types of openings) • Strategy and Business Operations (2 types of openings) • Human Resources (65 types of openings) • Administrative (7 types of openings) • Students (41 types of openings)

Although Google is a “technology” company, it has openings in a wide variety of areas and industries.

Real Google Job Posting Real Job Listed on Google as of Sunday, March 19,

2006

Project Manager, International Our ideal candidate is a well-rounded top performer

who can be a key contributor in a high-energy growth environment. Your resume should indicate that you are a top academic performer with extracurricular interests and the desire to excel in everything you do. We are looking for self-starters who can work in a rapidly changing industry, tolerate ambiguity, and demonstrate problem-solving leadership with limited oversight. Your work history should demonstrate job stability with increasing levels of responsibility.

Student Assignment Go to www.google.com/jobs Pick three of the different job categories

and research The minimum level of education required The personal characteristics of the ideal

candidate The key vocabulary words listed in the job

description.

Lottery Scholarships provide the opportunity to become more academically

prepared for whatever careers students decide to pursue.

Median Annual SalaryMedian Annual Earnings By Level of Education

$30,800

$37,600

$49,900

$59,500

$79,400

$95,700

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000

HS Diploma

Associate's

Bachelor's

Master's

Doctorate

Professional

Annual Salary

Source: Education Pays 2004, College Board

Source: Analysis Based on Education Pays 2004, College Board

Additional Career Wages Compared to Only High

School Diploma

Associate’s

Bachelor’s

Master’s

Doctorate

$350,200

$1,079,370

$1,446,570

$2,478,760

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Additional Career Wages

Associate's Bachelor's Master's Doctorate

Associates

Bachelor's

Master's

Doctorate

Associates

Bachelor’s

Master’s

Doctorate

Professions Generally Requiring

a High School Diploma

Average Salary Path By Earned Degree

19,556

28,372

0

5,000

10,000

15,000

20,000

25,000

30,000

HS Diploma

Year 1 10 Year



School Diploma

Associate’s

Bachelor’s

Master’s

Doctorate

$350,200

$1,079,370

$1,446,570

$2,478,760

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000



Associates

Bachelor's

Master's

Doctorate

Professions Requiring a Certificate Program or

Associates Degree


22,27219,556

35,219

28,372

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Certificate Program / Associates HS Diploma

Year 1 10 Year



School Diploma

Associate’s

Bachelor’s

Master’s

Doctorate

$350,200

$1,079,370

$1,446,570

$2,478,760

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000



Associates

Bachelor's

Master's

Doctorate

General Professions Requiring

a Bachelor’s Degree


26,59522,272

19,556

43,898

35,219

28,372

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Bachelor's Degree Certificate Program / Associates HS Diploma

Year 1 10 Year

Professions Requiring a Bachelor’s Degree and

Higher


35,988

26,59522,272 19,556

54,608

43,898

35,21928,372

0

10,000

20,000

30,000

40,000

50,000

60,000

Bachelor's and Higher Bachelor's Degree Certificate Program /Associates

HS Diploma

Year 1 10 Year

Professions Requiring a Master’s Degree and

Higher Average Salary Path By Earned Degree

43,87835,988

26,595 22,272 19,556

65,33154,608

43,89835,219

28,372

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Master's andHigher

Bachelor's andHigher

Bachelor's Degree CertificateProgram /

Associates

HS Diploma

Year 1 10 Year

Professions Requiring a Doctorate or Professional

DegreesAverage Salary Path By Earned Degree

59,504

43,87835,988

26,595 22,272 19,556

91,082

65,33154,608

43,89835,219

28,372

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

Doctorate Master's andHigher

Bachelor's andHigher

Bachelor'sDegree

CertificateProgram /

Associates

HS Diploma

Year 1 10 Year


Helping Students Attend2-year and 4-year colleges


Can be used at in-state public and private higher

education institutions.

Lottery Scholarships in TN

General Assembly Merit ACT 29 and 3.75 GPA

HOPE Scholarship ACT 21 or 3.0 GPA

HOPE + Aspire Award ACT 21 or 3.0 GPA

HOPE Access Grant ACT 18 – 21 and 2.75 GPA

2006 – 07 UpdateCalculations based on 2006-07 tuition and HOPE scholarship

award levels.

HOPE + Assembly Merit

Award

Over 98% Tuition Reduction

29 ACTAnd

3.75 GPA

HOPE + General Assembly Merit

Average Tuition Reduction is Over 98%5,622

4,688 4,665 4,766 4,534

5,2564,837

822

-112 -135 -34-266

45637

-1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

UT, Knoxville UT,Chattanooga

UT, Martin MTSU TSU UMemphis Austin Peay

Regular Tuition, Full time Student HOPE with General Assembly Merit

4 Year Colleges

HOPE Scholarship

4 Year: Over 78% Tuition Reduction


21 ACTor

3.0 GPA

HOPE ScholarshipAverage Tuition Reduction is Over 78%

5,622

4,688 4,665 4,7664,534

5,2564,837

1,822

888 865 966734

1,4561,037

0

1,000

2,000

3,000

4,000

5,000

6,000

UT, Knoxville UT, Chattanooga UT, Martin MTSU TSU UMemphis Austin Peay

Tuit

ion

Dol

lars

Regular Tuition, Full time Student With HOPE Scholarship, Full time Student

4 Year Colleges

HOPE Scholarship

Average Tuition Reduction is Over 75%

2,455 2,479 2,485 2,4712,736

555 579 585 571836

0

500

1,000

1,500

2,000

2,500

3,000

Nashv ille State TechnicalCommunity College

M otlow State CommunityCollege

Southwest TennesseeCommunity College

Volunteer State CommunityCollege

Jackson State CommunityCollege

Regular Tuition, Full time Student With HOPE Scholarship, Full time Student

2 Year Colleges

HOPE + Aspire Award


2 Year: Covers 100% of Tuition

21 ACT or 3.0 GPAAspire award – For students from households with an adjusted gross income below $36,000

HOPE + Aspire Award

Average Tuition Reduction is over 98%5,622

4,688 4,665 4,766 4,534

5,2564,837

490 284 -165-386-200-307-300

-1,000

0

1,000

2,000

3,000

4,000

5,000

6,000



Regular Tuition, Full time Student With HOPE Scholarship and Aspire Award, Full Time Student

4 Year Colleges

HOPE + Aspire Award

Average Tuition Reduction is over 107%

2,455 2,479 2,485 2,4712,736

-664

-929

-915-921-945

-1,500

-1,000

-500

0

500

1,000

1,500

2,000

2,500

3,000

Nashville State CC Motlow State CC Southwest TN CC Volunteer State CC Jackson State CC

Regular Tuition, Full time Student With HOPE Scholarship and Aspire Award, Full Time Student

2 Year Colleges

HOPE Access Grant



18 – 20 ACT and 2.75 GPAAccess Grant – For students from households with an adjusted gross income below $36,000

HOPE Access Grant

Average Tuition Reduction is Over 51%5,622

4,688 4,665 4,766 4,534

5,2564,837

2,2352,684

2,0142,2002,0932,100

2,890

0

1,000

2,000

3,000

4,000

5,000

6,000



Regular Tuition, Full time Student With HOPE Access Grant

4 Year College

s

HOPE Access GrantAverage Tuition Reduction is Over 67%

2,455 2,479 2,485 2,4712,736

755 779 7851,036

771

0

500

1,000

1,500

2,000

2,500

3,000

Nashville State CC Motlow State CC Southwest TN CC Volunteer State CC Jackson State CC

Regular Tuition, Full time Student With HOPE Access Grant

2 Year Colleges

Lottery Scholarships in TN

General Assembly Merit $4,800 = 3,800 + 1,000

HOPE Scholarship 3,800 (4-year) 1,900 (2-year)

HOPE + Aspire Award $5,300 = 3,800 (4-year) + 1,500 $3,400 = 1,900 (2-year) + 1,500

HOPE Access Grant $2,650 (4-year) $1,700 (2-Year)


Have been a resident in Tennessee for one year.

Lottery ScholarshipsAutomatically considered if you fill out the FAFSFA form

for financial aid.

www.fafsfa.ed.gov


Have to maintain a 2.75 GPA while enrolled in

college.

Lottery ScholarshipsTake Advantage of the Lottery

Scholarship and Pursue A Higher Degree Full-Time After

Completing High School.


ACT scores are very important.


202124Biology

151721Social Science

171922Algebra

131518English

EXPLORE(Grade 8-9)

PLAN(Grade 10)

ACT(Grade 11-12)

SUBJECT

ACT


Strongly Recommend HS English Courses Four years of College Prep or Honors

English

Source: ACT, On Course for Success


Strongly Recommend HS Math Courses Four years of mathematics

Algebra I Geometry Algebra II Trigonometry



Strongly Recommend HS Science Courses Three years of laboratory sciences

Biology Chemistry Physics


Important Websites

www.collegepaystn.com

http://www.collegepaystn.com/mon_college/hope_scholar.htm

www.finaid.org

Contact Information

[email protected]

Research AssociateState Board of Education

Feel free to contact me with additional questions about education after high school.

Documents

Lottery Scholarships The “Reason Why” Behind the Scholarships Prepared by the Staff at the State Board of Education