SB 783 - This act establishes the Missouri Promise Scholarship Program.
The program is administered by the Coordinating Board for Higher Education and is available to Missouri residents seeking a bachelor's degree, associate degree, or certificate from an eligible postsecondary institution, as defined in the act.
To receive a Missouri Promise Scholarship, a student shall meet several eligibility requirements, as set forth in the act. To continue to receive a scholarship students shall maintain satisfactory academic progress at the institution they attend, enroll in at least 12 credit hours each semester and complete 30 credit hours per year, participate in a mentoring program, and complete at least 15 hours of community service each semester.
The Missouri Promise Scholarship is for the amount of tuition and mandatory fees remaining after other scholarships and grants have been applied. The amount of the scholarship shall not exceed the average cost of tuition and mandatory fees at public two-year postsecondary institutions. Scholarship funds shall only be used toward the completion of one degree or certificate.
Eligibility for the scholarship ends once the student earns a degree or certificate.
A student shall agree to live in the state for 3 consecutive years and be employed within 6 months after receiving a bachelor's degree, associate degree, or certificate. If a student does not comply with this provision the scholarship shall convert into a loan under terms described in the act.
Students who participate in the A+ schools program are not eligible to receive a Missouri Promise Scholarship.
The provisions of the act shall sunset six years after August 28, 2018, unless reauthorized by the General Assembly.
This act is similar to HB 168 (2017) and HB 986 (2015).