HOPE’s Dwindling Finances Worry Lawmakers

August 3, 2010  |  

(Atlanta Journal Constitution) — Students and their parents better start saving more money for college.  Georgia’s popular HOPE scholarship is at the tipping point as demand outstrips its funding.

“This is not a train wreck about to happen,” said Rep. Len Walker (R-Loganville), chairman of the House higher education committee. “The train wreck has happened.”

Lawmakers agreed Monday that changes are needed to keep the merit program used by more than 200,000 students annually financially viable. That legislation isn’t expected until this winter. Instead a joint meeting between the House and Senate higher education committees served to shock lawmakers into understanding the severity of the situation.

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