Are you a student pursuing higher education? Are you a student seeking to access funding to finance your education? Then apply for the Arkansas Academic Challenge Scholarship, a scholarship that awards promising students who are determined to attain financially stable futures.

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The Academic Challenge Scholarship is largely funded by the Arkansas Scholarship Lottery, it provides tuition awards to students at every state university and two-year college, both public and private institutes.

The scholarship also gives students the opportunity to combine other financial aid programs, such as the ArFuture Grants.

Since its inauguration, the scholarship program has helped countless students attain various degrees depending on their diverse study fields. The scholarship has provided hundreds of millions of dollars to help students attain higher education. About 542,307 scholarships have been awarded to students pursuing both four-year and two-year degrees.

The application deadline for this scholarship opportunity is July 1.

This scholarship opportunity is open to students already enrolled in school or non-traditional students at any stage in life. Recent high school students are also eligible.

Awards

Eligible students enrolled in four-year programs can receive $1,000 during the first year. Students who meet the eligibility criteria and continue their studies will be awarded $4,000 for both sophomore and junior years and $5,000 for the senior year. Students enrolled in 2-year institutions will receive $1,000 for the first year and $3,000 for their second year.

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Eligibility Criteria

To be considered for an Academic Challenge Scholarship, candidates must meet the following criteria:

Traditional Students
•Traditional students must have a minimum ACT score of 19
•Must be seeking a baccalaureate degree, associate degree, qualified certificate, or nursing school diploma.

Non-traditional students
•Must have a minimum ACT score of 19 or a 2.5-cumulative GPA.
•Candidates must maintain a 2.5 GPA.
•Candidate must be an Arkansas resident 12 months prior to the scholarship application.

How To Apply

Aspirants can begin their applications using the Arkansas Department of Higher Education’s website where they will fill out the department’s YOUniversal application. This application collects information to help determine candidates’ eligibility. Aspirants can also complete the application easily on their phones by downloading the YOUniversal financial aid app.