Year end report, 2011/12

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2011-12 Year End Report
HIGHLIGHTS:
In 2011-12, for the first time in the history of the program, the number of Oklahoma’s Promise award recipients in college declined slightly from the previous year, from 20,081 in 2010-11 to 20,029 in 2011-12. The number of award recipients is projected to decline further over the next two years as shown below. The decline is due to several factors, including implementation of legislative changes requiring a second family income check at the time the student starts college, the application of federal satisfactory academic progress standards, and new statutory college GPA requirements.
Recent History/Current Projections:
Cost Scholarship
Year (in $millions) Recipients
2004-05 actual $17.8 9,155
2005-06 actual $25.9 12,101
2006-07 actual $33.8 14,670
2007-08 actual $43.0 16,929
2008-09 actual $50.9 18,303
2009-10 actual $53.2 19,431
2010-11 actual $57.2 20,081
2011-12 actual $59.5 20,029
2012-13 projected $61.3 19,650
2013-14 projected $62.7 19,300
Date Issued: 1/31/13