The Governor's Scholarship Program was quietly removed from the budget lawmakers passed April 3 on the final day of the 2009 session.
Within a week of the vote, the Student Finance Commission began notifying about 1,500 students that they wouldn't get the aid next fall.
The scholarship began in the mid-1980s as an incentive to keep Georgia valedictorians and other top students from attending college elsewhere.
About 3,000 students were getting more than $4.5 million in awards at its peak in the 1990s but the program has been scaled back.
The state spent about $1.3 million this year and scholarships were about $900 for most students.