Page 146 - 2020 Statistical Abstract

Table 7.3: Beginning Appropriations for State Undergraduate Scholarship and Grant Programs
Fiscal Years 2015-16 to 2019-20

FY 2015-16 1 FY 2016-17 1 FY 2017-18 1 FY 2018-19 1 FY 2019-20 1
Palmetto Fellows 2
from State General Funds $20,439,310 $12,000,000 $12,000,000 $12,000,000 $12,000,000
from Barnwell Revenues
from Lottery Revenues $38,691,990 $49,274,030 $51,927,301 $55,362,716 $61,809,959
Palmetto Subtotal $59,131,300 $61,274,030 $63,927,301 $67,362,716 $73,809,959
LIFE 2
from State General Funds $24,329,882
from Lottery Revenues $171,896,844 $199,754,741 $221,843,614 $230,056,162 $240,102,429
Life Subtotal
$196,226,726 $199,754,741 $221,843,614 $230,056,162 $240,102,429
HOPE 3
from State General Funds $231,727
from Lottery Revenues $8,565,373 $9,552,955 $14,458,578 $15,563,241 $14,557,008
Hope Subtotal $8,797,100 $9,552,955 $14,458,578 $15,563,241 $14,557,008
Merit-Based Program Subtotals
from State General Funds $45,000,919 $12,000,000 $12,000,000 $12,000,000 $12,000,000
from Barnwell Revenues
from Lottery Revenues $219,154,207 $258,581,726 $288,229,493 $300,982,119 $316,469,396
Merit-Based Subtotal $264,155,126 $270,581,726 $300,229,493 $312,982,119 $328,469,396
Lottery Tuition Assistance (2-yr) 3
Lottery Tuition Assistance (2-yr) $51,100,000 $51,100,000 $47,342,211 $51,100,000 $51,100,000
4
Need-Based Grants Total
from State General Funds $12,179,178 $12,350,000 $12,850,000 $12,000,000 $12,000,000
from Barnwell Revenues
from Lottery Revenues $15,600,000 $17,537,078 $17,537,078 $20,000,000 $20,000,000
from other non-recurring
Need-Based Subtotal $27,779,178 $29,887,078 $30,387,078 $32,000,000 $32,000,000
Tuition Grants 5
from State General Funds $23,495,394 $25,958,624 $25,958,624 $25,958,624 $27,558,624
from Lottery Revenues $8,258,764 $8,330,008 $8,330,008 $10,000,000 $10,000,000
Tuition Grant Subtotal $31,754,158 $34,288,632 $34,288,632 $35,958,624 $37,558,624
Need-Based Subtotal $110,633,336 $115,275,710 $112,017,921 $119,058,624 $120,658,624
All Scholarship and Grant Programs
from State General Funds $80,675,491 $50,308,624 $50,808,624 $49,958,624 $51,558,624
from Barnwell Revenues
from Lottery Revenues $294,112,971 $335,548,812 $361,438,790 $382,082,119 $397,569,396
from other non-recurring
Total Beginning Appropriations $374,788,462 $385,857,436 $412,247,414 $432,040,743 $449,128,020
NOTE: The appropriations, except as noted, represent only initial program funds as provided per the Appropriations Act . State General Funds and Lottery Funds are included, as are other funds, such as Barnwell Nuclear Waste Facility revenues appropriated for the Education Endowment or funds from non-recurring sources.
The Education Endowment for higher education is required statutorily, per §48-46-40(F), to be funded at $24 million annually should Barnwell revenues not be sufficient. As of FY 2011-12, the Education Endowment for higher education is funded wholly with State General Funds, and these funds are split equally, per §59-140-
30, between Palmetto Fellows and Need-based Grant programs.
Student financial aid incentive programs for SC National Guard members are not reflected here. As of 2007, a college assistance program was made available to Guard members in lieu of a prior loan repayment program for Guard members. The loan repayment program is being phased out as of 2007 and was closed to new
participants with the passage of the SC National Guard College Tuition Assistance Program (SCNG CAP). As the loan program was phased out, unallocated appropriations from the loan program were made available for SCNG CAP. Initial appropriations for the SCNG CAP program were approximately $1.7 million in lottery
funds in FY 2012-13, and with the depletion of availability of funds from the former loan repayment program, the SCNG CAP initial appropriations in FY 2013-14 have been increased to just over $4.5 million. In FY 2014-15 through FY 2016-17, the SCNG CAP program was appropriated a total of $4,634,968 for each fiscal year,
of which $89,968 is from General Funds and $4,545,000 is from Lottery funds. In FY 17-18, the SCNG CAP program was appropriated a total of 4,634,958 all in Lottery funds. In FY18 -19, the SCNG CAP program was appropriated a total of $2,631,129 all in Lottery funds.
1
Beginning year appropriations and additional funds may be appropriated for the open-ended programs (Palmetto Fellows and LIFE). Merit programs have been fully funded to date with regard to anticipated program needs.
2 For the Palmetto Fellows and LIFE programs, additional amounts above initial appropriations may be provided since these are "open-ended" programs and qualified students are provided the awards. For Palmetto Fellows and LIFE, the General Assembly passed legislation effective FY 2008-09 that provided additional
stipends beginning in the sophomore year to recipients of Palmetto Fellows and LIFE who are majoring in identified math, science, engineering and health-related majors and increased the amount of the Palmetto Fellows award beginning in the second year for all recipients.
3 HOPE and Lottery Tuition Assistance for 2-Year Institutions began with the implementation of the Education Lottery in 2002.
4 For CHE Need-based Grants program a statutory provision requires that a portion of the available Need-based Grant funds each year must be allocated to independent institutions based on their share of full-time, in-state undergraduate enrollment in the prior fall. In fall 2013, the percentage enrollment share for the
independent institutions was approximately 16.3%. See also note 4 regarding Tuition Grants.
5
Tuition Grants is a program managed by the SC Tuition Grants Commission and provides need-based grants to qualified students at SC's Independent Colleges and Universities. Funds shown reflect the portion appropriated to the SC Tuition Grants Commission for grants. In addition to the allocations shown here under for
Tuition Grants, the program also receives by statute a share of funds appropriated to the Need-based Grant program (Footnote 3).
Source: Data are from Appropriation Acts and SC RFA Historical Analysis reports.
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