The University offers a number of sponsored and endowed scholarships, which have been made possible through the generosity of friends of the University. Sponsored scholarship amounts vary based on the amount donated each year. Endowed scholarship amounts vary based on the performance of the endowed funds on an annual basis. All enrolled students with a cumulative grade point average of 3.0 or higher receive consideration for these awards and there is no student-initiated application process. The Financial Aid Office will identify a pool of candidates for each scholarship, except where stipulated by the donor, and will select the candidate that most closely matches the donor-established criteria. Scholarship recipients will be notified via a financial aid award letter. Donors establish whether or not the scholarship is need based or non-need based as well as the criteria for renewal.