Minimum Requirements for a Scholarship from the Funds:
The Funds will only accept scholarship applications from current high school seniors who are U.S. citizens and who have been accepted to an accredited college or university in the United States. The applicant must show a “community connection” to Artesia, New Mexico. An applicant who has attended Artesia High School for at least 3 years will have a sufficient community connection. Alternatively, an applicant can show the required community connection from (i) being a child of an employee of Mack Energy Corporation, Chase Farms, or Deer Horn Aviation who is employed outside Artesia, New Mexico, or (ii) being a child of an employee who is employed outside Artesia, New Mexico, by another employer which has its headquarters in Artesia, employs 100 or more people in Artesia, and has significant owners with close ties to Artesia or is a government or non-profit organization that employs more people in Artesia than outside of Artesia.
Additionally, the applicant must complete the FAFSA application for the current year attending college.
Minimum Academic Requirements:
Consideration will only be given to those applicants who have maintained a solid grade point average of 3.0 or better through their first seven semesters of high school.
Class of 2017: Consideration will only be given to those applicants who have maintained a solid grade point average of 3.0 or better through their first seven semesters of high school. (current Seniors)
Class of 2018: A solid grade point average of 3.0 or better through their first seven semesters of high school and at least 6 dual credit hours. (current Juniors)
Class of 2019: A solid grade point average of 3.0 or better through their first seven semesters of high school and at least 9 dual credit hours. (current Sophomores)
Classes 2020 & beyond: A solid grade point average of 3.0 or better through their first seven semesters of high school and at least 9 dual credit hours. (guidelines are subject to change, check back for updates)
All scholarship applications must be submitted by May 1st, 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 each year 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; and (iv) as to years following the initial year of enrollment that the recipient is still a student in good standing at the educational institution and a 2.5+ cumulative GPA and 15+ credit hours for the semester (Intersession courses are not eligible for the minimum 15+ credit hours. - No more than 6 on-line credit hours per semester will be included in the 15 credit hour minimum).
Duration of Award:
As a general rule, scholarship awards will be made for two consecutive years if the recipient is attending a community college and four consecutive years if the recipient is attending an accredited college or university. Additionally to receive funds after the first semester, the recipient must maintain a 2.5+ cumulative GPA and be enrolled for 15+semester hours. In exceptional situations, the Chase Scholarship Advisory Committee may extend the period, but not the amount, of the award. Exceptions may include but not limited to: an interruption in post secondary education due to any of the following:
(i) military service of more than thirty days; (ii) an extended illness; or (iii) the need to take care of a family member during an extended illness or, (iv) a degree program requiring 5 years for graduation.
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 enroll in a college or university for the fall semester after high school graduation; (v) failure to meet the deadline in providing your GPA after each college semester, (vi) a semester GPA falling below 1.25, (vii) failure to participate in mandatory mentorship program at participating schools could result in loss of scholarship. (Intersession courses are not eligible for the minimum 15+ credit hours - No more than 6 on-line credit hours per semester will be included in the 15 credit hour minimum).
In the event that a scholar is ineligible, the scholar has one semester to regain eligiblity.
No Binding Obligation:
Although a scholarship applicant may fulfill the minimum requirements for Applying for a Chase Scholarship, there is no guarantee that a scholarship will be awarded. If in any particular year the demand for scholarships exceed the number of scholarships the funds can support, scholarships will be limited based on the scoring of the application.