Scholarship awardees will receive a two-year, need based scholarship in the amount of $12,500 per year to assist with educational expenses for the upcoming academic year. The scholarship will be paid directly to the awardees’ college and will be disbursed in equal amounts for the fall and spring semesters. Scholars will be required to resubmit their transcripts and meet the GPA criteria at the end of the academic year to renew the award for the subsequent academic year(s).