To be eligible for an FSDA Investment in the Future Scholarship, an applicant must meet the following requirements:

1. The applicant must be a U.S. citizen or permanent resident.
2. The applicant must be interested in pursuing a career in the securities industry or in business.
3. The applicant must have demonstrated academic accomplishment, as evidenced by:
   1. a minimum cumulative B+ average (or minimum 3.5 cumulative numeric G.P.A. (grade point     average) on 4.0 scale) at the institution currently being attended, or, if the applicant is not     currently enrolled in high school or college, at the high school or college most recently attended;     or
   2. a minimum B average (or minimum 3.0 cumulative numeric G.P.A. on 4.0 scale), and a minimum     class rank of 90th percentile at the time of application.
4. The applicant must have demonstrated leadership or active participation or service at school, or in a civic, community, charitable, or religious organization.
   
5. The applicant must have demonstrated leadership skills, oral and written communication skills, teamwork abilities, and interpersonal skills in at least one extracurricular activity (either work-related or part of volunteer experience with a student club or other organization). The applicant must also possess a commitment to high ethical standards and those aptitudes deemed by the Scholarship Committee to be important for business success.
   
6. Each applicant must timely submit to the FSDA Scholarship Committee:
   1. a completed Application for Scholarship form;
   2. a complete school transcript (with raised seal or other similar mark of authentication) from the     from the applicant's current high school or college (if the applicant is not currently attending high     school or college, a transcript from the high school or college most recently attended):
   3. two (2) recommendations, as follow:
       1. an academic recommendation on the Academic Letter of Recommendation form required by         the FSDA Scholarship Committee;
       2. one additional letter of recommendation on the Letter of Recommendation form required by         the FSDA Scholarship Committee.
   
7. In the discretion of the Scholarship Committee, the applicant may be required to appear, in person or by telephone or other electronic means chosen by the Scholarship Committee, for a brief interview.
   
8. The applicant must be: (1) employed by a firm that is a member in good standing of the Florida Securities Dealers Association, Inc.; or (2) an immediate family member (child, sibling, or parent) of an individual employed by a firm that is a member in good standing of the Florida Securities Dealers Association, Inc.
   
9. Additional Requirements of the FSDA Investment in the Future Scholarship Program:

• The FSDA Scholarship Committee will determine all scholarship awards, and the decision of the Committee shall be final.
• The FSDA Investment in the Future Scholarship shall consist of a $1,250 scholarship, which will be disbursed equally between the fall and spring semesters. No disbursements will be made during the summer sessions. Scholarship proceeds may be applied toward payment of tuition, books, fees, room and board, and other educational costs charged by the academic institution in which the scholarship recipient is enrolled. No cash disbursements will be made. All disbursements of scholarship funds shall be by check made payable to the institution in which the recipient is enrolled. The scholarship will be awarded one time only and is non-renewable.
• Fax copies or other copies are not acceptable. Failure to submit the Application for Scholarship and all required additional documents by the Application Deadline specified in the Application for Scholarship shall result in the application being eliminated from the current year's selection process.
• Recipients must be enrolled full-time (at least 9 hours) in a college program of study leading to a four-year college degree in order to receive the scholarship funds.
• The FSDA and the FSDA Scholarship Committee reserve the right to use information from the applicant's Application for Scholarship and letters of recommendation as a part of their publicity regarding the FSDA Investment in the Future Scholarship Program and recipients of such scholarships.