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program. Then there is the currently enrolled program, which are one-year awards. The
Office of Academic Scholarships sponsors also sponsors scholarships to units on campus
such as the Gaines Center, ROTC, and the Law School. The Office of Academic
Scholarships provides funds to them to provide scholarships to their students. They are
totally involved with the selection, but the Office of Academic Scholarships does provide
funds for them.

       Ms. Copher reported that the merit-based scholarship students must have a 28 on
their ACT and a 3.30 cumulative grade point average in high school. Last year the Office
of Academic Scholarships funded a little over a thousand students, at a cost of about $3.3
million.

       The transfer program is a small program. The Office of Academic Scholarships
only funded about 60 students last year, but the requirements are a 3.5 cumulative grade
point average at their current institution.

       The currently enrolled program has the same requirements, a 3.5 cumulative
grade point average at the University of Kentucky. The Office of Academic Scholarships
funded about 540 for about $640,000 last year.

       The freshman program is the largest program. A variety of different scholarships
are offered through that program. Ms. Copher provided a slide showing the two different
values for instate and out of state tuition along with the number of recipients and how
much it cost the past year.

       There are two different values for the National Merit Program. The first is
because instate tuition, room and board, and books are covered during the freshman year.
The amount is decreased during the sophomore, junior and senior year, and the Office of
Academic Scholarships covers tuition and an additional $2500.

       Ms. Copher explained that the Singletary Scholarships and the National Merit
Scholarships take up a large percent of the budget. The other scholarship applicants are
receiving the Patterson and the FAES (Freshman Academic Excellence Scholarship) a
one-year award. She illustrated the different values for those awards.

       The transfer program is a small program, but it is stable. It is open to all transfer
students who are transferring from any accredited institution. Again, these are students
currently enrolled at the University of Kentucky who are not receiving any other type of
merit aid and who have a 3.5 cumulative grade point average. These are very strong
students, and that program is growing every year.

       Ms. Copher pointed out that the number of Governor' s Scholars is decreasing
every year. It was stable for a while, but the numbers have gone down the past two years.
About ninety Governor' s Scholars are expected this fall. She explained that other schools
in the state have implemented Governor' s Scholars scholarships. It is a guaranteed