money each year. The scholarship pays recipients $12,500 annually to attend an accredited four-year university. Feb. 28, 2009 is the scholarship application deadline for the 2009-2010 academic year. Gordon Rich died in an automobile accident in 2000.
“The current economic turnabout is sad that I agree that more kids are going to be more aggressively looking for money. We know what power it has down the road,†says Evelyn Jones Rich, who relied on a full-scholarship when completing her studies at Bryn Mawr College in the early 1950s.
Christopher Brathwaite, a 17-year-old freshman at the Massachusetts Institute of Technology, says he felt better knowing he had the scholarship money to help cover the $48,000 tuition at MIT.
“I did worry about how to pay for college,†Brathwaite says, adding that he and his parents took out loans to help cover the remainder of his tuition.