Missouri Loan Agency Provides $1 Million for Student Grants

6 years 1 week 5 days ago June 14, 2011 Jun 14, 2011 Tuesday, June 14 2011 Tuesday, June 14, 2011 3:38:00 AM CDT in News
Source: Associated Press

JEFFERSON CITY, Mo. (AP) - Missouri's college loan authority is providing $1 million for incentives to high school graduates who score well on math and science tests. Legislation passed this year authorizes college grants of $500 to students who score at least a three or better -- on a scale of zero to five -- on at least two Advanced Placement tests in math or science. Based on figures from the Department of Higher Education, the new program is expected to cost a little over $80,000 a year. The Missouri Higher Education Loan Authority has agreed to provide $1 million for the program, which could be enough to last for several years. The grants are available only to students who attended Missouri public high schools and also are receiving certain other state scholarships.

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