If selected as a recipient, the student will receive a $5,000 award. Up to four awards will be granted. Awards are renewable up to three years or until a bachelor’s degree is earned, whichever occurs first, based on satisfactory academic performance (maintaining a cumulative grade point average of 2.0 on a 4.0 scale) and fulltime enrollment. Per IRS Revenue Procedure 76-47, the employment eligibility requirement does not apply to previous recipients. Awards are for undergraduate study only. Awards are for qualified education-related expenses only (tuition, fees, books, and required supplies only).