Philanthropic Investment in Arkansas Kids Scholarship Program

Student participation is limited to Arkansas residents eligible to attend a public school from a family earning up to 200% of the Federal Poverty Level or FPL ($62,400 for a family of four in 2024-2025). Students must be currently enrolled in a public school or have attended a public school during the previous school year during the initial application, or they must be starting school for the first time in the state of Arkansas. Previous scholarship recipients also remain eligible to apply. If a student was previously enrolled in another state and was enrolled in an Arkansas private school for less than half the academic year for which their family is applying for a scholarship, they may also be eligible. _(Last updated July 15, 2024)_

Scholarships fund tuition and fees at participating private schools throughout Arkansas. _(Last updated July 15, 2024)_

Scholarship amounts are based on a percentage of the student base funding, varied by grade level. Scholarships cannot exceed 80% of Arkansas’s foundation funding ($7,618 in 2023–2024) for students in K–8 or 90% of Arkansas’s foundation funding ($6,316 in 2020–2021) for high school students in grades 9–12. Tax credits are worth 100% of the value of the contribution to Scholarship Granting Organization, making them a great value to donors. Program participation is limited by the budget provided for funding. Total credits claimed cannot exceed $6.95 million, meaning roughly 1,200 students can participate, or less than 1% of Arkansas’ K–12 student population. _(Last updated July 15, 2024)_

No legal challenges have been filed against this program. _(Last updated July 15, 2024)_