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Regents review TOPS report as acceptance rates fall; members discuss options for unspent funds
Summary
Staff presented a TOPS report showing high retention for recipients but a long-term decline in acceptance and eligible populations; Regents discussed whether leftover TOPS funds could be retained for higher-education priorities and directed staff to study legislative and administrative options.
Board staff presented an annual review of the TOPS scholarship programs and a senate study resolution directing Regents to analyze state financial-aid tools for alignment.
Staff said TOPS recipients graduate and are retained at higher rates than nonrecipients — the report cited retention rates for TOPS recipients at an all-time high (more than 95% retention) — but also noted a multi-year decline in the share of…
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