Vermont students could be eligible for college scholarships of up to $6,000 per year under legislation signed yesterday by Governor Jim Douglas.
The money is part of a $12 million package created by lawmakers and Douglas to entice young people to stay in Vermont and join the work force after graduation.
Lawmakers, business leaders and higher education officials from around the state joined Douglas for the bill signing at Champlain College in Burlington.
The new law will distribute $4.7 million to the University of Vermont, the Vermont State Colleges and the Vermont Student Assistance Corporation for scholarships.
Most of the remaining money will go into programs that support technical education and work force training.