Millennium Scholarship To Receive $10 Million In General Fund Support
CARSON CITY – A bill appropriating $10 million from the general fund to ensure the long-term financial health of the Gov. Kenny Guinn Millennium Scholarship saw final legislative approval today and will go to Gov. Brian Sandoval for his review.
Senate Bill 486 saw unanimous support in the Assembly. It earlier passed the Senate on a 20-1 vote with Sen. Don Gustavson, R-Sparks, voting no.
Gustavson had proposed a bill prohibiting non-citizens from receiving the scholarship, but the measure did not get a hearing.
Sandoval proposed making the additional one-time appropriation to the scholarship in his budget to help keep it funded into the future. The proposal was welcomed by lawmakers of both parties.
In commenting on the bill, Assemblywoman Debbie Smith, D-Sparks, said the additional financial support should keep the scholarship for qualified Nevada high school graduates solvent until 2015.
Sandoval received a standing ovation during his State of the State speech in January when he said the scholarship, named after the late Gov. Kenny Guinn , is continued in his budget. The program has been in jeopardy because of budget cuts and revenue shortfalls. Guinn established the scholarship during his first term as governor.
In addition to the $10 million general fund contribution, the scholarship will continue to receive funding from Nevada’s tobacco settlement agreement, as well as a $7.6 million transfer each year from the treasurer’s Unclaimed Property Division.
The program has been used by more than 60,000 Nevada high school graduates who have met the eligibility criteria. There were approximately 21,000 students receiving millennium scholarship benefits this past school year. Since its inception, over 22,000 millennium scholars have earned a degree from a Nevada institution of higher learning.
The Legislature’s Interim Finance Committee infused the scholarship with College Savings Plans program funds last year to keep it solvent through this school year, but its future was in doubt due in part to lower amounts of funding coming from the tobacco settlement agreement. The annual tobacco payment to Nevada is declining mostly because people are smoking less.
The scholarship currently provides around $25 million per year to Nevada high school graduates who attend a Nevada institution of higher learning. Initial eligibility requirements include graduating from a Nevada high school with a minimum 3.25 grade point average.
Nevada Millenium Scholarship - News
Brian Sandoval on Thursday signed into law a bill that appropriates an extra $10 million to make the Millennium Scholarship program solvent at least until 2015. The program, which provides up to $10000 in scholarships for good Nevada high school
The program has been used by more than 60000 Nevada high school graduates who have met the eligibility criteria. There were approximately 21000 students receiving millennium scholarship benefits this past school year. Since its inception, over 22000
Nevada officials once again have managed to avoid making needed reforms to the Millennium Scholarship. The program is in desperate need of higher grade-point average standards, as well as a minimum score on a standardized college admission test.
The Millennium Scholarship program has been granting money for higher education to Nevada's graduating classes ever since 1999. However, the Millennium Scholarship may have only enough funds to grant tuitions through the upcoming fall semester.
This year CCSD graduates received more than $147 million in scholarships, not including the Kenny Guinn Millennium Scholarship which provides funds to qualifying students attending Nevada colleges or universities, according to the district.
Nevada News Bureau » Blog Archive » Millennium Scholarship To ...
CARSON CITY – A bill appropriating $10 million from the general fund to ensure the long-term financial health of the Gov. Kenny Guinn Millennium Scholarship saw final legislative approval today and will go to Gov. Brian Sandoval for his review.
Senate Bill 486 saw unanimous support in the Assembly. It earlier passed the Senate on a 20-1 vote with Sen. Don Gustavson, R-Sparks, voting no.
Gustavson had proposed a bill prohibiting non-citizens from receiving the scholarship, but the measure did not get a hearing.
Sandoval proposed making the additional one-time appropriation to the scholarship in his budget to help keep it funded into the future. The proposal was welcomed by lawmakers of both parties.
In commenting on the bill, Assemblywoman Debbie Smith, D-Sparks, said the additional financial support should keep the scholarship for qualified Nevada high school graduates solvent until 2015.
Sandoval received a standing ovation during his State of the State speech in January when he said the scholarship, named after the late Gov. Kenny Guinn , is continued in his budget. The program has been in jeopardy because of budget cuts and revenue shortfalls. Guinn established the scholarship during his first term as governor.
In addition to the $10 million general fund contribution, the scholarship will continue to receive funding from Nevada’s tobacco settlement agreement, as well as a $7.6 million transfer each year from the treasurer’s Unclaimed Property Division.
The program has been used by more than 60,000 Nevada high school graduates who have met the eligibility criteria. There were approximately 21,000 students receiving millennium scholarship benefits this past school year. Since its inception, over 22,000 millennium scholars have earned a degree from a Nevada institution of higher learning.
The Legislature’s Interim Finance Committee infused the scholarship with College Savings Plans program funds last year to keep it solvent through this school year, but its future was in doubt due in part to lower amounts of funding coming from the tobacco settlement agreement. The annual tobacco payment to Nevada is declining mostly because people are smoking less.
The scholarship currently provides around $25 million per year to Nevada high school graduates who attend a Nevada institution of higher learning. Initial eligibility requirements include graduating from a Nevada high school with a minimum 3.25 grade point average.
Nevada Millenium Scholarship - Bookshelf
How to find a scholarship online
... and Mortuary Science'' section Nevada Millennium Scholarship Sponsor: Office of ... Applicant must have been a Nevada resident for at least two years, ...Nevada revised statutes, annotated
THE GOVERNOR GUINN MILLENNIUM SCHOLARSHIP PROGRAM 396.911. ... hereby declares that its priorities in expending the proceeds to the State of Nevada ...A study of the Governor Guinn Millennium Scholarship program's influence on tuition inflation at public Nevada institutions of higher education
Colleges in the West
NEVADA Governor Guinn Millennium Scholarship. Scholarship for high school graduates with a diploma from a Nevada public or private high school in the ...The Best Way to Save for College, A Complete Guide to 529 Plans
The program is compatible with the Nevada Millennium Scholarship Program. • Under Nevada law, the right to benefits or refunds is not subject to attachment, ...Day-by-day News Directory
Nevada Office of the State Treasurer
x. x. Nevada State Treasurer Kate Marshall. x. x. x. x. x. Search for. Unclaimed Property. Join our Listserv. Our Facebook pages: ...
Nevada Office of the State Treasurer
In 1999, Governor Kenny Guinn's Millennium Scholarship initiative was enacted into law by the Nevada Legislature. Section 396.911 of the Nevada ...
Millenium Scholarship | The Nevada Sagebrush
Posts Tagged millenium scholarship' Millennium fund may soon run dry ... more than 20,000 Nevada students receiving the Millennium Scholarship. ...
Financial Aid & Scholarships | Millennium Scholarship
At UNLV, the Millennium Scholarship does not pay 100 percent of a student's full-time tuition and fees. ... when activating your Millennium Scholarship online with the Nevada ...
Millennium Scholarship - NSHE
In 1999, the Governor Guinn Millennium Scholarship was enacted into law by the Nevada Legislature. ... visit the Nevada State Treasurer's Office, or contact Sharon Wurm, ...