Post by Logan on Jan 28, 2016 0:52:18 GMT -6
Bevin proposes spending $59 million of lottery money on new workforce development scholarship
Gov. Matt Bevin got some applause Tuesday night when he proposed ending the legislative practice of diverting millions of dollars generated by the Kentucky Lottery from college scholarships to the General Fund.
But Bevin is not proposing to put that money back into the need-based financial aid programs for which it was designated. Instead, $27 million in 2017 and $32 million in 2018 would form a new scholarship program to help students attend special workforce programs, said Carl Rollins, executive director of the Kentucky Higher Education Assistance Authority, which would administer the fund.
Need-based aid funds would remain flat.
Bevin also is proposing to issue $100 million in bonds for workforce development construction projects, which he said would allow schools and private industries to partner and create innovative workforce training programs.
Read more here: www.kentucky.com/news/local/education/article56892058.html
Gov. Matt Bevin got some applause Tuesday night when he proposed ending the legislative practice of diverting millions of dollars generated by the Kentucky Lottery from college scholarships to the General Fund.
But Bevin is not proposing to put that money back into the need-based financial aid programs for which it was designated. Instead, $27 million in 2017 and $32 million in 2018 would form a new scholarship program to help students attend special workforce programs, said Carl Rollins, executive director of the Kentucky Higher Education Assistance Authority, which would administer the fund.
Need-based aid funds would remain flat.
Bevin also is proposing to issue $100 million in bonds for workforce development construction projects, which he said would allow schools and private industries to partner and create innovative workforce training programs.
Read more here: www.kentucky.com/news/local/education/article56892058.html