Memorandum of Understanding

I am applying for a scholarship to be awarded by the G&G.  I understand that the G&G Foundation is a private, non-profit organization which awards scholarships to students who meet certain eligibility requirements.

I understand the following:

1. G&G Foundation has certain requirements for eligibility that must be met before I may be awarded a scholarship.
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3. The status of program funds and/or eligibility requirements may be changed without notice.
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5. I must meet all eligibility requirements during the semester for which a scholarship is awarded or I will forfeit the scholarship.
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7. Not all applicants who meet eligibility requirements may be awarded a scholarship.
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9. If I drop out of school for any reason, or transfer to a school not in the state of Arkansas, I lose all rights to remaining awarded funds. I shall be responsible for notifying the G&G Foundation.
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11. I understand that dropping classes, in any given semester, below the award amount, may affect current or future scholarship awards. I shall be responsible for notifying the G&G Foundation.
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13. I understand that if I miss an interview appointment I may become ineligible to receive a scholarship.
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15. Purposely falsifying any information required by the G&G Foundation or making misleading or false statements concerning the G&G Foundation or any agencies dealing with the G&G Foundation will result in immediate dismissal from the program.
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17. I understand that the Interview Committee decision is final.
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19. The applicants will be reviewed anonymously throughout the selection process.
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21. If awarded, scholarship funds not used on qualifying education expenses may be considered taxable income. I will consult with a CPA regarding reporting requirements.

If I am not awarded a scholarship or if I should become ineligible to receive a scholarship or any part thereof, I do waive any cause of action that I may have against the G&G Foundation, its officers, directors, employees. I understand that by affixing my signature to this document that the G&G Foundation, its officers, directors, employees or volunteers will not be liable for any loss that I may suffer by reason of not receiving a scholarship.

I understand that the G&G Foundation is required to verify all information provided to determine eligibility for assistance.  I hereby give permission for all academic information related to my application for a G&G Foundation scholarship to be released, upon request, to the G&G Foundation. I also agree to participate in follow up research conducted by the G&G Foundation after I am no longer receiving scholarship awards and hereby give permission to the G&G Foundation to obtain enrollment and graduation information from my school as is needed for their subsequent reports.