The State Investment Council wants to scrap a college scholarship program transfer the money to another program that provides scholarships to students who agree to stay in South Dakota and work in critical professions.
State Investment Officer Matt Clark says the proposed transfer would mean the Dakota Corps scholarship program would gain more than $600,000 a year.
When the Investment Council set up a college savings program in 2002, the company that gained the contract to run the savings program also agreed to establish a scholarship program for some of South Dakota's top students.
Clark says the Investment Council wants to end that scholarship program and transfer the funding to the Dakota Corps, which gives scholarships to students who agree to stay in South Dakota and work in certain fields after graduation.
A legislative committee this week agreed to let the Investment Council end its own scholarship program, but lawmakers delayed a decision on whether the money will be shifted to the Dakota Corps scholarships.Labels: academy awards, career training, education online, free college, free education, high school, scholarship, student loans |
