Scholarship award winners should be made aware of the following things:
How long they have to accept the scholarship
When their college will receive the money
How many credit hours they must attend in school per semester and what happens if they drop the class before the semester ends
If there is a grade point average (GPA) that should be maintained
What happens to the money in the event they change schools or change majors
Whether or not they need to inform their college about the money, or if they need to inform you of any additional scholarship prizes they have received
What happens if they fail a class.