Not going to argue with it being funded from oil money. I've never looked into it, but assume it's true as it makes sense.
I will say that I left Louisiana and all of my coworkers have $50k-$100k in school loan debt that I don't have to worry a about, so I definitely benefited from the program and would be paying another house note without the program.
The state has scholarships funded from offshore oil royalty trust funds for grad students. I don’t have a problem with that. I have a problem with Patrick Taylor subsidizing the middle class rather than the poor.
Isn't TOPS available to all that graduate highschool with 4 years of math, English, and 2 years of foreign language (i.e. everyone)? It seems pretty egalatarian to me. Granted, the rich can afford to study and hire tutors, so getting a 32 on the ACT is far easier for them, than someone that is poor. That's more of a problem with our failing public schools though.