University of Georgia President Jere Morehead is establishing a new need-based scholarship fund in honor of his parents.
The Wade and Virginia Morehead Scholarship Fund is designed to help undergraduate students study in the nation's capital as participants in the UGA Washington Semester Program. The program sends students to Washington to intern with legislators, government agencies, and different businesses.
According to a press release, with more than 7,000 UGA students qualifying for the Pell Grant, a U.S. Department of Education aid given to low-income students, Morehead said one of his priorities is to raise support for need-based scholarships.
The first gift of $25,000 funded the scholarship, and other gifts will help the this scholarship fund reach $100,000 within the next five years.
Students will be selected for the scholarship based on financial need at the discretion of the program coordinator. Scholarship awards will vary from $1,000 to $2,000, and students chosen will be known as Morehead Scholars.