Preference shall be given to applicants who have demonstrated financial need, but the Trustees may also consider academic promise and other non-economic criteria in making their decisions."
The primary class of eligible recipients of scholarships or other financial assistance shall be residents of Holmes County, Ohio. To the extent such applicants exist, assets shall be used for their benefit; only to the extent not enough such applicants exist to exhaust all available income, the trustees may award scholarships to graduates of high schools located in and to students who are residents of counties adjacent to Holmes County, Ohio.
Scholarships are awarded to students that are enrolled in higher education institutions that are accredited by the U.S. Department of Education.