Award Amounts for the Scholarship for Engineering Education for Minorities Program

State Loans with Cancellation and Forgiveness Options

Award Amounts for the Scholarship for Engineering Education for Minorities Program

  • $5,250 per academic year to a maximum of nine (9) terms and $15,750.
  • 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.