Scholarships get 1st-year funds

Posted: Monday, April 25, 2011

Gov. Sean Parnell got money for his scholarship plan Friday, but not nearly as much as he wanted and maybe not enough to run the program in its first year.

A conference committee deciding between the House of Representatives and Senate version of the state's operating budget allocated $4.5 million for the Alaska Performance Scholarship program.

That's half what the scholarships are estimated to cost in their first year, and barely 1 percent of the $400 million Parnell had requested to provide long-term endowment-type funding.

The House of Representatives has proposed to fund the first full year's cost of providing the scholarships, while the Senate had instead wanted to bolster the state's needs-based program, which many consider inadequate.

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