The Bank of America has entered into an agreement with Midland College whereby Midland College will administer the scholarship process for future awards. Future awards will be made directly to students instead of donations to college and universities. Funds from the Charles, Lela and Mary Slough Foundation Scholarship will be used to provide scholarships to United States citizens, who are Texas residents entering or enrolled in any college or university in the United States. There are two categories of scholarships which will be funded. There is the Recurring Scholarship and the One-Time Scholarship.
Recurring Scholarship - Approximately 10 new applicants will be selected each year to receive the Recurring Scholarship with a maximum of 50 total students in any one year. Recurring Scholarships may receive up to $5,000.00 per year for up to five years or a Bachelors Degree which ever come first. Eligibility to continue receiving this scholarship is checked at the end of each semester. Students must provide a transcript each semester. They must complete at least 12 credit hours with a 3.0 GPA or better each semester and must stay continuously enrolled Fall and Spring each year. Students renewing their scholarship must complete a new Agreement form and the Free Application for Federal Student Aid each year. There are no summer awards.
One-Time Scholarship - Remaining funds will be used to fund as many One-Time scholarships as possible. These awards will vary in amount and will be given one time for the entire year. There is no renewal of this scholarship. However, recipients may reapply for the next year and compete for a Recurring Scholarship or a One-Time Scholarship.
Criteria for Eligibility:
Residence------------------- Must be a Texas resident and U.S. citizen at the time of application.
Need------------------------- Student must demonstrate that they have need through the Free Application for Federal Student Aid (FAFSA) application process.
Academic Achievement-- Each applicant must demonstrate their academic/scholastic achievement with a minimum of 3.0 grade point average by providing a copy of:
* Entering freshman must provide: High school transcript which includes the following: Class Rank, GPA and ACT or SAT scores.
* College student must provide: College transcript (must have at least 12 semester hours of college credit).
Only Complete applications will be accepted. All documentation must be attached to the application (documents sent separate from the application or incomplete applications will not be reviewed or processed).
Complete Applications will include:
[ ] Fully Completed Signed and Dated Application.
[ ] A High school transcript (for students with less than 12 hours of college credit) or
[ ] A College transcript (if the applicant has 12 or more hours of college credit).
[ ] Results from the "Free Application for Federal Student Aid" (FAFSA). These results must be complete and accurate. You may want to list Midland College on your federal aid application as one of the institutions to receive the results. Please use the Midland College code 009797 to identify the institution. However, it is still the applicants responsibility to submit your results of the federal aid application with the Slough Scholarship Application.
[ ] All applicants must provide a one page essay or letter. This essay/letter should describe the applicants need for this scholarship and it should identify any other financial aid which the applicant has already been awarded.
Selection Process:
Applicants will be graded on the basis of :
Need - as determined by using the Free Application for Federal Student Aid (FAFSA) and by the applicants essay/letter.
Academic achievement - determined by an evaluation of the student's high school or college transcript. Factors that will influence the selection may include Class Rank, GPA, SAT or ACT Scores and Type of Courses Taken.
Applications for this scholarship may be obtained by requesting them from:
Scholarship Administrator
The Charles, Lela and Mary Slough Foundation Scholarship
3600 N. Garfield Midland, TX 79705
Phone (432)685-6493 FAX (432)685-6451
or go here to download the application.
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