Each year we the Kentucky Lottery provides a financial recap to the members of the General Assembly. The Kentucky Lottery has now generated $2.4 billion in scholarship and grants for students in the Commonwealth.
During Fiscal Year 2015, the total dividend paid to the state was $221.5 million. From this amount, $196.9 million went from the state to the KY Higher Education Assistance Authority (KHEAA) for scholarships and grants. The KLC transferred an additional $5 million from net unrestricted reserves to the General Fund in its partial payment under the direction of House Bill 235.
CAMPBELL COUNTY: In House District 67 last year, students received 743 grants and scholarships worth $1,2581,350. This is part of the 2,230 grants and scholarships worth $3,775,050 in Campbell County awarded last year.
All told, 659,308 students across the Commonwealth have received a lottery-funded college scholarship or grant since FY99.
The KEES, CAP, and KTG programs have made college more affordable for thousands of Kentucky students who may not have otherwise been able to afford higher education. In fact, 95 cents of every non-loan student-aid dollar awarded by the Commonwealth comes straight from the sale of lottery tickets. And the results are tangible – according to KHEAA, data from the KEES program indicates more of Kentucky’s best and brightest students are staying in Kentucky to attend college.