4-Year Institutions: $1,000 for freshmen, $4,000 or sophomores & juniors, $5,000 for seniors. 2-Year Institutions: $1,000 for freshmen, $3,000 for sophomores.
The Arkansas Scholarship Lottery funds the Arkansas Academic Challenge Program, which provides scholarships to Arkansas residents pursuing higher education. The Academic Challenge Scholarship is open to high school seniors and students enrolled in college, enrolling in college for the first time, or re-enrolling after a period of time out of college. High school seniors and homeschooled students must have a minimum ACT superscore of 19 or its equivalent, enroll in at least 12 hours the first fall semester following high school graduation (and at least 15 hours each semester thereafter, to receive their funds that semester), and complete at least 27 hours their first year, and at least 30 hours each year thereafter, with a 2.5 cumulative GPA. Students already in college who did not receive the Academic Challenge Scholarship, as well as adults who have completed some college, must have a cumulative college GPA of at least 2.5. Adults with no college can qualify for the Academic Challenge Scholarship if they have an ACT of 19 or its equivalent, or 2.5 high school GPA, and enroll in as few as six hours to receive a prorated scholarship amount.
Eligible Grade Levels:
High School Senior, Homeschooled Student, College Freshman, College Sophomore, College Junior, College Senior
July 1 (annually)
Please note that scholarship deadlines often change, so make sure to check the scholarship sponsor’s website for up-to-date deadlines.