Statute VII of the Phi Eta Sigma constitution provides that all income from the Founders Scholarship Fund shall be used to grant scholarships and awards to Phi Eta Sigma members. Fund income available for the 2007-08 scholarships is $225,000 to be distributed as follows:
1 $10,000 Thomas Arkle Clark Scholar-Leader of-the-Year Scholarship
4 $7,500 Endowed Graduate Scholarships
34 $4,000 Endowed Undergraduate Scholarships
49 $1,000 Undergraduate Awards
Applicants must be members of Phi Eta Sigma. Those applying for undergraduate scholarships or awards must be nominated by their chapters. Any member may apply for a graduate scholarship.
The current members of the Scholarship Committee are Mrs. Molly Lawrence, Chairperson, The University of Alabama; Ms. Mary Jo Custer, Syracuse University; and Dr. John Sagabiel, Grand Secretary-Treasurer. The committee uses the following criteria in selecting recipients:
1. High scholastic record with a minimum 3.5 cumulative GPA.
2. Participation in local chapter activities.
3. Evidence of creative ability.
4. Potential for success in chosen field.
5. Letters of recommendation, not to exceed three.
All applications for undergraduate scholarships should be submitted to the chapter adviser for approval by the local deadline date given on the application form. Each chapter of Phi Eta Sigma may submit at least one undergraduate application. Chapters that inducted 150 or more members last year may submit two undergraduate applications, and those that inducted 300 or more members last year may submit three undergraduate applications. All scholarship applications must be postmarked no later than March 1.
Chapters may submit as many graduate applications as they deem appropriate. Applications for graduate scholarships may be sent directly to the secretary of the Scholarship Committee at the national office address or may be submitted to the chapter adviser so that all chapter applications may be sent to the national office in one mailing. All scholarship applications must be postmarked no later than March 1.
Applications may be obtained from the chapter adviser or from the national office. (A stamped self-addressed envelope should be enclosed.)

