• SPEEDWAY DOLLARS FOR SCHOLARS

    GENERAL INFORMATION-F.A.Q.

    CONTINUING EDUCATION SCHOLARSHIPS

    WHAT ARE THE OBJECTIVES?

    The Speedway Chapter of Dollars for Scholars seeks to help students living in Speedway meet the cost of higher education through the granting of scholarships. Within the organization, there are two divisions consisting of graduating seniors and continuing education. Information regarding the graduating senior scholarships is available in the counseling office at Speedway High School. General information for the continuing education scholarships follows.

    WHO IS ELIGIBLE?

    College students are pursuing a first undergraduate degree, have completed one year of higher education (24 credits or equivalent) and are residents of Speedway are eligible for the continuing education scholarships.

    WHO IS THE PROCESS?

    Once eligibility is determined, students

    must complete the entire application process on or before the due date. This date varies slightly from year to year and will be announced through local media releases and the Speedway Dollars for Scholars website at www.Speedway.k12.in.us. Go to the Speedway Schools District Home page click Community Links then click Dollars for Scholars. Click the application link and look under Continuing Education Application. The process involves submitting one cover page that includes name, address, phone number, social security number, high school attended, date of graduation, college name in which currently enrolled, community service and extracurricular activities. Applicants must also submit one copy of a college report giving evidence that at least one year of study (24 credits) has been completed. The applicant must also submit three copies of the required essay which is no longer than two 8.5 X 11" double spaced pages. The subject of the essay may change each year and is revealed in a press release in the late spring. Incomplete applications will be ineligible.

    HOW ARE SCHOLARSHIPS FUNDED?

    Two basic types of scholarships are available for continuing education students. Memorial scholarships are given by specific families in honor/memory of an individual. The monetary award may vary according to the request of the family. The remaining scholarships are funded through means of an endowment fund that has been created by Dollars for Scholars for this specific purpose.

    HOW ARE RECIPIENTS SELECTED?

    Once the completed applications are compiled, the required anonymous (and numbered) essays are distributed to both the memorial families and the endowment judges. In the case of the memorial families, these individuals may select applicants that reflect the values of the individual according to how well the applicants responded to the essay topic. All applicants are given a total number and subsequently ranked numerically. The judges are selected by one executive board member and are anonymous to the remaining board until after the results are tabulated. After memorial scholarships are awarded, the endowment scholarships are awarded according to the numerical ranking. All applicants are notified about the results by mail. An award ceremony takes place in July.

    WHY DIDN’T I GET A SCHOLARSHIP?

    It is our ultimate goal to support

    all applicants in pursuit of higher education; however, the number of student recipients corresponds directly to the total number of memorial and endowments funds available to the organization each year. Thus, the number of applicants and scholarships available will vary from one year to the next. It is also possible that an applicant may not have completed the entire process in the appropriate time frame.

    WHERE MIGHTQUESTIONS BE ANSWERED?

    Questions may be addressed to Mr. Tom Smith at 243-9753.