Guidelines for 5th Year Students

Fifth Year Seniors

Minimum Academic Requirements:

Consideration will only be given to those applicants who are current Chase Scholars, have maintained a cumulative grade point average of 2.5 or better through their first eight semesters of college and have a minimum of 110 college credit hours going towards their degree plan and will be obtaining their Bachelor's degree within the next two semesters.

Deadline:

All scholarship applications must be submitted by June 9th, 2017.

Time and Manner of Payment:

Payment of any scholarship awarded from the Funds will be paid directly from the Funds to the educational institution the recipient will be attending. A scholarship recipient is responsible for notifying the Chase Foundation for which the scholarship is to be paid of the following: (i) the name of the educational institution to which the scholarship should be sent; (ii) the address of the educational institution; (iii) the applicant’s total tuition, books and board for the academic year.

Duration of Award:

As a general rule, scholarship awards for fifth year college seniors will be made for one year for attending an accredited college or university in getting a Bachelor's degree. Additionally to receive funds after the first semester, the recipient must maintain a 2.5+ cumulative GPA and be enrolled for 15+ semester hours.  Awards will only be given to Fifth Year Seniors to obtain an undergraduate degree.  Students who have graduated with a degree, or have enough credit hours completed to attain an undergraduate degree, will not be eligible for the scholarship.

Scholarship Awards:

Generally the scholarships awarded will range from $0 up to $5,500 per year. The awards will vary in accordance with students funding from additional sources and can change on a semester basis.  Additionally students maintaining a 3.0+gpa are eligible for an incentive bonus of $500 per semester (see book stipend).

Loss of Scholarship Eligibility:

(i) Cumulative GPA under 2.5; (ii) less than 15 semester hours; (iii) failure to notify the Chase Foundation of a school transfer; (iv) failure to meet the deadline in providing your GPA after the college semester.  (Intersession courses are not eligible for the minimum 15+ credit hours)

No Binding Obligation:

Although a scholarship applicant may fulfill the minimum requirements for applying for a Chase Scholarship, there is no guarantee that a fifth year scholarship will be awarded to the applicant. Applicants will be reviewed on a case by case basis and scored on a merit system. If in any particular year the demand for these scholarships exceeds the number of scholarships the funds can support, the scholarships will be awarded on a limited basis.

 

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