Award Amounts for the Scholarship for Engineering Education Program

• $3,500 per academic year to a maximum of ten (10) terms and $17,500.
• If a student fails to complete service repayment, the student is required to repay, within six (6) years, in cash installments with interest accruing daily at a fixed interest rate, the prime rate as announced by the Wall Street Journal, plus one percent (1%). In no event shall the interest rate due exceed ten percent (10%) per annum.