USA Funds Awards Texas Students $423,000 in Scholarships
By Mae Dunn-St. Julien, Sandy Holt and Adriana White, USA Funds Services

USA Funds® announces the award of $423,000 in scholarships to help 287 low-to-moderate-income students in Texas pursue higher education.

USA Funds awarded $108,750 in scholarships to 73 first-time recipients of USA Funds Access to Education Scholarships® in Texas for the 2005-2006 academic year. In addition, USA Funds awarded $314,250 in renewal scholarships to 214 Texas students who previously had received awards under the program.

To qualify for the scholarships, students must come from households with annual incomes of $35,000 or less. Full-time undergraduate, graduate and professional students are eligible for $1,500 scholarships, and half-time undergraduates may receive $750 scholarships.

If a scholarship recipient maintains a grade-point average of at least 2.5, the scholarship may be renewed annually until the student receives a degree or certificate, or the total amount awarded reaches $6,000, whichever comes first.

For a list of first-time USA Funds Access to Education Scholarship recipients for 2005-2006, visit www.usafunds.org/planning/access_to_education_scholarship/index.html.

Information about USA Funds’ 2006-2007 scholarship program will be posted beginning Oct. 3 on USA Funds’ Web site, www.usafunds.org.