 29 Students Receive Scholarships for Undergraduate and Graduate StudiesPalikir, Pohnpei (FSM Information Services): August 24, 2010 - The FSM National Scholarship Board (the Board) convened on June 2, 2010, to review scholarship applications submitted by undergraduate students attending the 2010-2011 Fall, Spring and Summer terms. The Board, pursuant to its selection requirements, reviewed the priority fields, dates of graduation and GPAs of the 18 candidates who submitted their applications and found that 15 applicants were qualified to receive a scholarship. The 15 scholarship recipients have chosen to major in the following areas: Law, Elementary Education, Economy, Accounting, Computer Information System, Marine Science, Liberal Arts and Micronesian Studies. The scholarships were awarded from funds made available under the National Scholarship Program, the US Sector Grant and the "Sin Tax" Scholarship Program, and totaled $39,234. On August 12, 2010, the Board again met and awarded 12 graduate applicants a total of $163,389 from the "Sin Tax" Scholarship Program. At this meeting, two new undergraduate applicants were also awarded a total of $9,049 from the National Scholarship Program and the Sector Grant. The 17 undergraduate scholarships will be awarded to the successful applicants by the Board after Congress convenes in September 2010, and hopefully confirms the allocation of these scholarship funds. With regard to the applicants who qualified for the scholarships covering graduate studies, the funding comes from a percentage of the collected "Sin Tax" from all four FSM States; the Board is able to immediately disburse the funds from the revenue directly collected and made available by the States. |