The Edna P. McCurdy Scholarship Foundation provides academic funding for OC shareholders or shareholder descendants accepted to an accredited college (US Accreditation Standards) or accredited trade school. A shareholder descendant is a lineal descendant (either natural or adopted) of a shareholder in the Ounalashka Corporation. For example, a shareholder’s child, grandchild or great-grandchild would be considered a shareholder descendant under these guidelines.
$5,500 is the maximum scholarship award per request for any student. An annual award limit of $16,500 also applies to all students. For students living off campus, award is limited to tuition, books, and lab fees. Students living on campus are eligible for tuition, books, lab fees and room and board.
Funding is available for an undergraduate (Bachelor) program lasting 5 years, a Masters program lasting 2 years, and a PhD program lasting 1 year. Funding is also available for one to two year full-time programs from accredited trade schools. Any program must be held on-campus only, and must be located within the United States of America. Funding for programs taught at foreign schools is not allowed. Requests for exceptions in extraordinary circumstances may be made in writing and submitted to the Trustees for consideration, but this does not constitute a guarantee of granting such an exception. Changing schools more than three times is not allowed for undergraduate work, and a lifetime maximum of $100,000 applies as the educational award limit for each scholarship recipient. Scholarships for trade and career schools are also limited. The Foundation will not fund for more than two (2) career changes.
Applicants applying for Law or Medical school programs must follow the same guidelines as any other applicant. These programs must adhere to the same accreditation and other standards set forth for Masters and PhD programs, and time limits must be adhered to, and if an exception is to be made to time limits it must be made in writing and submitted to the Trustees for their approval.
Upon earning a degree in any program, application awards for separate programs afterwards will rely on the final semester’s transcripts for award consideration.