Georgia Hope Scholarship Grant and Award Amounts

The Georgia Student Finance Commission website keeps a record of the total Georgia Hope Scholarship Grant and Award payment for the history of the program.  You can see the effects of the changes in the program from the 2010-2011 fiscal year to the 2011-2012 fiscal year.  The number of Hope recipients decreased by just over 20% and the total awards given decreased by 39%.  Looked at another way, the average award went from $2920 to $2260.

 The chart clearly shows the problem with the ballooning in award amounts especially from 2002-2003 to 2010-2011 where the award totals doubled while the number of recipients only change by about 20%.  What this indicates is that the tuition and fees are what is crippling the program and not the number of eligible recipients.

Given this data, I am still in the camp that Georgia does not need to “tweek” the eligibility requirements by adding a financial need component or by continuing to tighten the academic requirements.  It is not the number of students in the program, it is the cost increases from the institutions that are weighing down the program.  Until these costs are brought in line, the problem will continue.  The cuts made in 2010-2011 are a temporary band-aid on the problem.  The next round of cuts need to be on the university system’s shoulders and not on those of the students.

Students Earning Georgia’s HOPE Scholarships and Grants
Fiscal Year HOPE Recipients HOPE Awards
1993-1994 42,796 $21.4 million
1994-1995 98,398 $83.7 million
1995-1996 122,976 $133.7 million
1996-1997 128,353 $153.2 million
1997-1998 136,660 $173.2 million
1998-1999 141,101 $189.0 million
1999-2000 148,194 $208.6 million
2000-2001 169,171 $276.6 million
2001-2002 195,858 $322.6 million
2002-2003 212,630 $361.7 million
2003-2004 222,550 $405.8 million
2004-2005 222,266 $427.0 million
2005-2006 212,578 $436.0 million
2006-2007 207,326 $452.0 million
2007-2008 202,337 $459.5 million
2008-2009 216,144 $522.3 million
2009-2010 248,289 $640.4 million
2010-2011 256,453 $748.0 million
2011-2012 201,651 $455.4 million

 

Disbursements of Georgia’s HOPE Scholarships and Grants
to Georgia’s Educational Institutions
(SEPTEMBER 01, 1993 – MARCH 31, 2012)
Educational Institution Recipients Awards
Public Colleges and Universities 603,236 $4.2 billion
Private Colleges and Universities 156,733 $692.4 million
Public Technical Colleges 781,318 $1.5 billion
Total Scholarships Earned 1,541,287 $6.4 billion

Attribution:  The chart is from the Georgia Student Finance Commission’s website.  The chart provide the Georgia Hope Scholarship Grant and Award Amounts for the history of the program.

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One Response to Georgia Hope Scholarship Grant and Award Amounts

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