money each year.Â The scholarship pays recipients $12,500 annually to attend an accredited four-year university.Â 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.Â We know what power it has down the road,â€ 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,â€ Brathwaite says, adding that he and his parents took out loans to help cover the remainder of his tuition.