— A Florida lottery jackup this week brought the state’s first cash infusion to colleges and universities, as it helps fund scholarships and college expenses.
The lottery’s $25 million infusion from the state lottery’s lottery revenues will be used to fund more than 600 scholarships and grants totaling $12.5 million.
State lottery officials say the money is being used to help students graduate and secure college scholarships.
“This funding will allow us to continue to provide a high-quality education to thousands of high school seniors and to assist with the growing costs of tuition, fees, and books, all while keeping our students safe,” Gov.
Carlos Lopez-Cantera said in a statement.
Floresdale College, which had been awarded $6.8 million in scholarship funds, is also receiving additional funding.
The college announced it had received $3.9 million in the first quarter.
In addition, Florida schools will receive $5.5 billion in state funding from 2019 through 2024 to address the state budget shortfall.