General University Scholarship Fund

The General University Scholarship Fund, formerly known as the General College Scholarship Fund, was established in the fall of 1986 with gifts from High Point College alumni. The purpose of this fund is to provide a minimum of $10,000 per academic year in scholarship monies for distribution at the discretion of the Office of Financial Planning. The scholarships are to be awarded on the basis of financial need, as determined from analysis of the applicants’ FAFSA forms. The funds shall be awarded on a first-come, first-served basis, with as many awards as possible being made. There will be no limitation with respect to field of study or place of residence. Beginning each fiscal year, all contributions made to the General University Scholarship Fund will be put into the endowed fund account. The principal sum of the endowed account is to be invested at the discretion of High Point University’s representatives having responsibility for investing the College’s endowed funds. At the end of the fiscal year, the income from the investment of the principal will be placed into a restricted account along with enough of the principal so that $10,000 will be available for awards. This will take place each year until the interest generated from the investment of the principal totals $10,000 or more annually.