HOPE scholarship chief says financial stability a must - WALB.com, Albany News, Weather, Sports

HOPE scholarship chief says financial stability a must

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February 25, 2004

Albany -- One of the top administrators of the HOPE scholarship says keeping the college financing program fiscally responsible is a top priority.

Shelley Nickels, the executive director of the Georgia Student Finance Commission, says the HOPE scholarship program has been a huge success. But now lottery revenues will not be able to keep up with the increased number of students taking advantage of HOPE.

Nickels says they must cut back on student benefits to insure the HOPE program continues. "I feel very confident. I think we are being pro-active in making these policy recommendations and budget recommendations. And I think the state will take the appropriate steps to save it for the future."

The 2003 HOPE scholarship costs were 50 million dollars higher than in 2002, rising from 300 million dollars to 350 million.

posted at 4:10 PM by jimw@walb.com