Bill > H3468

This bill aims to increase lottery scholarships in South Carolina by directing the South Carolina Commission on Higher Education to raise scholarship amounts by 25% starting in the 2025-2026 academic year. Additionally, the bill mandates that beginning in 2030 and every five years thereafter, scholarship amounts will be adjusted to reflect inflation, as measured by the Consumer Price Index (CPI). The CPI is a standard economic indicator that tracks the average change in prices paid by urban consumers for goods and services. By implementing these increases, the bill seeks to help make higher education more financially accessible for students by ensuring scholarship values keep pace with rising educational costs. The legislation, titled the "South Carolina Lottery Scholarship Increase and Inflation Adjustment Act," will take effect upon receiving the Governor's approval.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3468&session=126&summary=B