A scholarship is financial support awarded to a student, based on academic achievement or other criteria that may
include financial need, for the purpose of schooling. There are various types of scholarships – the two most common
being merit-based and need-based. The donor or department funding the scholarship sets the criteria for recipient
selection, and the grantor specifically defines how the money is to be applied. The funds are used to defray the
costs of tuition, books, room, board and other expenses directly tied to a student’s educational cost through the
university.
The membership of University Lodge #631 have elected to offer scholarships to graduating seniors from local high
schools or families of University Lodge members, to assist his or her pursuit of higher education. This scholarship
will be a one-time award valued at $2,500. Criteria for selection include scholastic achievement, financial need,
community involvement, and participation in extracurricular activities.