To be Eligible for the Gordon A. Rich Memorial Scholarship:
A) Applicants must be dependent children of full-time employees in the financial services industry (commercial banks, investment banks, securities brokerage firms, insurance companies, fund and asset management companies, credit card and finance companies and similar businesses as determined by the Foundation). Employees must be presently employed with five years of experience OR no longer employed in this field but had ten years of experience which ended no longer than five years prior to the GAR Scholarship application closing date (which is located on the top of the application).
B) Students must be graduating high school seniors who are enrolling as full time first year students in pursuit of a four-year bachelor's degree at an accredited college/university in the United States.
C) Students must have a minimum grade point average of 3.5 (on a 4.0 scale) and rank in the top 20% of their class.
D) Students must demonstrate financial need.
E) Students must be a US citizen or legal resident.
Continuing Eligibility/Renewal Requirements
The Gordon A. Rich Memorial Foundation requires an annual review of each scholarship award to determine renewal eligibility. Recipients must maintain full-time enrollment status and be in good standing with their college to have the award renewed for the next academic year. GAR Scholars are expected to exhibit satisfactory citizenship in both the academic community and in the community at large. Therefore, recipients may not be on any form of academic probation or suspension. In December of each year, a renewal form is sent to each recipient. In April of each year, a letter is sent to each recipient requesting confirmation of full-time enrollment status and intent to maintain that status, a current academic transcript, and a detailed update on the courses, projects, and activities with which the recipient has been involved during the current award year.