How far does $1 billion go in the marketplace for superstar students and world-class academics?:

Gov. Mitch Daniels proposed the Hoosier Lottery lease to fund incentives for higher education. Just how much will $1 billion buy? Daniels wants to put $600 million in a permanent endowment to finance Hoosier Hope Scholarships aimed at retaining the state's top high school graduates. Endowment proceeds, Daniels said, will pay for 1,700 scholarships annually in perpetuity. The program will hand out $5,000 annual scholarships for four-year colleges and $2,500 annual scholarships for two-year degrees. The payouts would be considered...

 

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