NEWS RELEASE

February 26, 2002

Alma Bowen 770-724-9018

PROMISE Teacher Scholarship recipients have doubled

 

  Georgia's PROMISE Scholarship, a program to attract more teachers into Georgia's classrooms, will provide approximately 1,600 awards to future teachers this year. This doubles the number of scholarships provided last year.

 

  "This scholarship was created to address Georgia's teacher shortage, and we are delighted with the increased response," said Governor Roy Barnes.

 

  As of Feb. 25 (the first almost-eight months of this fiscal year), PROMISE Teacher Scholarships had been awarded to 1,524 recipients. In the 12 months of the last fiscal year, the total was 782.

 

  The PROMISE Teacher Scholarship is awarded to undergraduate juniors and seniors who have a 3.0 grade point average. Georgia's HOPE Scholarship Program pays tuition, mandatory fees and a book allowance, but does not pay for living expenses. PROMISE provides service cancelable loans for qualified students who choose a teaching career and promise to teach at public schools in the state of Georgia to pay back the scholarship. PROMISE provides a maximum of $6,000 ($3,000 per year during the junior and senior year), and the recipients teach one year for each $1,500 awarded.

 

   If the scholarship recipients fail to teach in Georgia public schools, they must repay the loan in monthly installments. "Eighty-two percent of the recipients are keeping their promise and now are teaching in Georgia's public schools," said Glenn Newsome, executive director of the Georgia Student Finance Commission (GSFC), which administers the PROMISE Teacher Scholarship.

 

   The scholarship first became available in 1996, and the awards for each year are as follows:

 

PROMISE TEACHER SCHOLARSHIP

Awards as of February 25, 2002
   

Fiscal Year 1996

165

Fiscal Year 1997

327

Fiscal Year 1998

332

Fiscal Year 1999

324

Fiscal Year 2000

305

Fiscal Year 2001

782

Fiscal Year 2002

1,524

 

  The Georgia Student Finance Commission administers 16 scholarship and grant programs, including Georgia's HOPE Scholarship, and one of its subsidiaries, the Georgia Student Finance Authority, offers student loans. Another GSFC subsidiary, the Georgia Higher Education Assistance Corporation, is the state's designated guarantor for federal student loans.

 

More information about HOPE, PROMISE and other GSFC scholarships and services is available by calling 770-724-9000 in metro Atlanta, or toll-free, 1-800-546-HOPE. Information also is available on the Web site: www.gsfc.org.

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