"There are some students who buckle down and complete their graduation requirements early, said Rep. Borders. "This Early Graduation Scholarship will allow them to use the money that would have been spent for their senior year of high school and apply it towards a college education."
The scholarship amount defined by the bill would be equal to the amount allocated to a student not on free or reduced lunch in a given year. This allows the scholarship amount to increase over time in conjunction with inflation and rising tuition costs. The scholarship may also be applied to costs of books and school supplies, not just tuition.
"This scholarship is a way of rewarding those students who put their nose to the grindstone when it comes to academics. It is a win-win situation for the students, their opportunity for a college education, and the taxpayers." said Rep. Borders.
The bill now moves back to the Senate for approval of the changes made by the House. If signed by the governor the bill would become law on July 1st, 2011.