Yep, Georgia's lotto-funded HOPE scholarship is the shiznet. A few people have mentioned cutting it back, as the lotto is apparently pulling in less money nowadays, but all politicians are saying that the college scholarships will be the last portion touched (the georgia lotto also funds a bunch of other stuff, including state-sponsored daycare, etc.).
Basically, maintain a 3.0 throughout undergrad at a state school, and tuition is free. Go to a private institution (which I did my freshman year), and get $3k/year free, plus another $1k/year for the Georgia Tuition Equalization Grant. HOPE also gives $150/semester for books. It covers up to 127 semester hours of credit, of which I will be out by next semester. Good thing I'm graduating
HOPE doesn't pay for housing, but it will cover extra fees and such (activities, etc.). So basically, we pay for room and board, and the state pays for everything else.
Oh yeah, and GOOOOO DAWGS!