Tenn. lottery scholarships outstrip revenue; day of reckoning looms (Memphis Commercial Appeal)

NASHVILLE — A day of reckoning is coming for students and parents on Tennessee’s lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both.After more than five years in which the state steadily expanded eligibility and the size of the scholarship grants, the annual cost of the program is already outstripping the net revenue produced by the lottery.That …