Citing an expected growth in the number of students participating in the college scholarship program, state higher education regents have approved a funding estimate of $73.1 million for the upcoming 2026 fiscal year for Oklahoma’s Promise .
That amount would be an increase of about $1.3 million, or 2%, from the current funding level of $71.8 million, said Colbi Beam, the associate vice chancellor for state grants and scholarships. The number of students expected to receive an Oklahoma’s Promise award in 2025-26 is about 15,518, according to statistics provided by the Oklahoma State Regents for Higher Education, which administer the program .
Oklahoma’s Promise is a program that allows students from Oklahoma families meeting certain income requirements to earn a college or technology center tuition scholarship. The current annual income requirements for the program, which took effect with the 2022-23 school year, are less than $60,000 for parents with one or two dependent children, less than $70,000 for parents with three or four dependent children and less than $80,000 for parents with five or more dependent children.