Community Budget Issue Requests - Tracking Id #1600FY0102

Project Stars

Requester:

James Kotas

Organization:

Florida Prepaid College Foundation

Project Title:

Project Stars

Date Submitted:

1/18/2002 2:15:48 PM

Sponsors:

Stephen Wise

Statewide Interest:

Provide scholarships to economically disadvantaged students, to attend college.

Recipient:

Florida Prepaid College Foundation

Contact:

James Kotas

1801 Hermitage Boulevard

Contact Phone:

(850) 488-8514

Tallahassee 32308

Counties:

{Statewide}

Gov't Entity:

Private Organization (Profit/Not for Profit):

Yes

Project Description:

To provide college schoalrships to economically disadvantaged at-risk students. STARS (Scholarship Tuition of At-Risk Students) has a 96% success rate. The $10 million state funds will be matched with $10 million from 45 organizations to purchase 3,500 scholarships. Students agree to stay drug-and-crime free to earn their scholarship. More than 12,500 scholarships have been purchased through the Foundation, with the help of state funds totalling more than $22 million and private matching dollars. Project STARS serves as a national model for reducing the dropout rate and for perparing students for college.

Measurable Outcome Anticipated:

Providing approximately 3,500 scholarships a year to economically disadvantaged at-risk students will positively change the lives of these students.Targeted students have a 60% chance of dropping out of high school by the 10th grade before STARS enters their lives, yet the program recipients have a 96% college graduation rate.

Amount requested from the State for this project this year:

$10,000,000

Total cost of the project:

$20,000,000

Request has been made to fund:

Operations

What type of match exists for this project?

Local

Cash Amount:

$10,000,000

Was this project previously funded by the State?

Yes

Fiscal Year:

2001-2002

Amount:

$1,700,000

Is future-year funding likely to be requested?

Yes

Amount:

$10,000,000

Purpose for future year funding:

Continuing purchase of scholarships

Will this be an annual request?

Yes

Was this project included in an Agency's Budget Request?

Yes

Agency:

Education, Department Of, And Commissioner Of Education

Was this project included in the Governor's Recommended Budget?

Yes

Is there a documented need for this project?

Yes

Documentation:

Matching private funds have been consistantly higher than government funds

Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?

Unknown