Missouri residents can receive a $500 grant for math and science scores of three or higher.
About one-quarter of Missouri high school graduates were "college ready" by one standardized test.
Schools with excessive default rates can lose eligibility for federal aid programs.
Missouri high schooler students are required to take the class before they graduate.
The name change is a result of program cuts earlier this year.
Students enrolled in the programs would be allowed to finish their education.
Several programs were merged with programs with more graduates.
MDHE wants further justification for keeping the programs protected from budget cuts.