A decrease in lottery sales and declining stimulus funds has made it difficult to fund the HOPE program.
And so legislators are considering giving the scholarship to fewer students and lowering the amount of the award.
Another possible change would be to raise the GPA requirement from a 3.0 to a 3.2 or higher.
"It's already hard for me to maintain my GPA right now and with them changing and making it higher, it's gonna stress me more," said HOPE scholarship recipient Jocelyn McGarrah, a freshman at VSU.
Her friend, Jamara Calloway, who also relies on HOPE funds, agrees, "HOPE is a big part of my life because my mom is a single parent and she has currently two children in college." And I know it's hard for her to fund us to get into college."
Since the HOPE scholarship was created in 1993, it's helped send well over a million kids to college.