SB 654 - This act establishes the "Associate Degree Transfer Incentive Scholarship Program" to be administered by the Coordinating Board for Higher Education. The program will distribute funds to participating public four-year Missouri colleges or universities in order to provide scholarships for Missouri residents who transfer from a public Missouri community college to a participating public four-year Missouri college or university. Funds for the scholarship program will be distributed to participating institutions on a pro-rata basis according to the number of eligible two-year transfer students at each institution. Eligibility criteria are delineated in the act. Participating institutions are required to submit an annual report to the general assembly.
The act establishes the "Associate Degree Transfer Incentive Scholarship Program" fund in the state treasury.
The program will sunset in six years.