A $40,000 scholarship is available for students interested in teaching.

The Next Generation Hoosier Education Scholarship was created by the Indiana General Assembly.

It’s a renewable award up to $10,000 for a maximum of 4 academic years totaling $40,000.

Lawmakers allocated $24 million in the new state budget increasing the scholarship $3500 from previous years.

Qualified students must have graduated high school in the top 20 percent of their class or earned a score of 1190 on their SAT or 26 on the ACT.

Students must also commit to teaching in Indiana for at least five years after college graduation.

Applications can be found at hour website.

The deadline to apply is January 31st.