Scholarship Agreement Form
Eligibility Requirements
To be eligible for the [Scholarship Name], applicants must maintain a minimum GPA of throughout their enrollment at [University Name]. The scholarship is open to full-time students pursuing an undergraduate degree in any field of study. Recipients must also demonstrate adherence to the [Scholarship Provider] Code of Conduct, which includes maintaining good moral character and engaging in positive community activities.
Responsibilities of the Recipient
Scholarship recipients are required to maintain a GPA of or higher each semester to continue receiving funds. They must submit official transcripts and a detailed progress report at the end of each semester to the [Scholarship Provider]. Recipients are also expected to adhere to the academic and behavioral standards set by [University Name] and to participate in the annual [Scholarship Provider] scholarship award ceremony, where they will represent the foundation and share their experiences.
Disbursement Terms
The scholarship funds will be disbursed directly into the recipient’s bank account in two installments of [Amount] each: one on October 1st and the second on February 1st. Disbursements are contingent upon the recipient’s continued enrollment in a full-time program at [University Name] and the submission of proof of enrollment before each payment date. Failure to meet these conditions may result in suspension or termination of the scholarship.
Termination Conditions
The [Scholarship Name] may be terminated if the recipient fails to maintain the required GPA of or if there is a violation of the [Scholarship Provider] Code of Conduct. In the event of termination, any funds disbursed but not yet utilized must be returned to the [Scholarship Provider]. Additionally, the scholarship may be revoked if the recipient withdraws from [University Name] or fails to provide required reports and documentation.
Confidentiality
The [Scholarship Provider] is committed to safeguarding the personal and academic information of scholarship recipients. All data collected will be kept confidential and used exclusively for the purposes of administering the scholarship program. Information will not be shared with third parties without the recipient’s consent, except as required by law or for administrative purposes.
Dispute Resolution
In the event of any disputes or disagreements related to this scholarship agreement, the parties agree to seek resolution through mediation conducted by a neutral third party. Mediation will aim to address and resolve issues amicably before considering further legal action. Both the scholarship provider and the recipient are expected to participate in good faith throughout the mediation process.
Amendments
Any changes or amendments to this agreement must be documented in writing and signed by both the [Scholarship Provider] representative and the scholarship recipient. No verbal agreements or informal modifications will be recognized. All amendments must be made prior to the disbursement of scholarship funds to ensure clarity and mutual agreement on the revised terms.
Signatures
By signing this agreement, both the scholarship provider and the recipient acknowledge their understanding and acceptance of the terms and conditions outlined herein. This formalizes the commitment of both parties to uphold the responsibilities and benefits associated with the [Scholarship Name].
Scholarship Provider Representative:
Representative's Job Title:
Date Signed:
Scholarship Recipient's Name:
Date Signed:
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