Recently new types of scholarships have emerged known as promise scholarships. A promise scholarship aims to increase collegiate attainment by promising financial aid to eligible students. Promise scholarships differ from traditional scholarships in that promise scholarships are non-competitive and not necessarily needs based. Typical eligibility criteria for promise scholarships include a set minimum GPA and residence within a specific geographic area. Utah's Regents' Scholarship could be considered a promise scholarship. For Regents', the criteria included a minimum GPA of 3.0 with no grade below a "C" and residence within Utah for high school grades 9 through 12; specific coursework was also required. This brief studies the effects of the Regent's Scholarship awards finding that recipients earned more associate and bachelor's degrees in time than similar students, required less institutional and federal support, and helped more underrepresented populations complete degrees on time.