The scholarship award is a total of Ten Thousand Dollars [$10,000.00], which is to be used for incidentals, i. e., food, housing, clothing, etc., in conjunction with an existing educational scholarship to pay for tuition.
NOTE: Please refer to the guidelines.
This award will be distributed over a 4-year period as follows below:
Year 1 = $200.00 per month; $1200.00 total payout
Year 2 = $300.00 per month; $1800.00 total payout
Year 3 = $400.00 per month; $2400.00 total payout
Year 4 = $400.00 per month; $2400.00 total payout
By graduating with a 2.5 GPA for each year, the total payout of the Frederic Boyd Scholarship will total Ten Thousand Dollars [$10,000.00].
The semester system is equivalent to 3 months of a calendar year. The total semester award amount is predicated on the aforementioned amounts paid per year.
The monies will be distributed on the 3rd day of each month into a valid checking or savings account via direct deposit.
Note: There will not be a paper check distribution.