FREQUENTLY ASKED QUESTIONS (FAQ)
CONTINUING EDUCATION SCHOLARSHIPS
WHAT ARE THE OBJECTIVES?
Scholarships for Speedway, Inc. seeks to help students living in Speedway meet the cost of higher
education through the granting of scholarships. Within the scholarship program, there are two scholarship
categories consisting of those awarded to Speedway High School graduating seniors and those awarded
to continuing education students. Information regarding the graduating senior scholarships is available in
the Guidance Office at Speedway High School. General information for the continuing education
WHO IS ELIGIBLE?
College students who are pursuing a first undergraduate degree, have completed one year of higher
education (24 credits or equivalent) and are residents of Speedway are eligible to apply for the continuing
WHAT IS THE PROCESS?
Once eligibility is determined, students must complete the entire application process on or before the due
date. This application deadline will be announced through local media releases. The process involves
submitting one cover page that includes name, address, phone number, high school attended and date of
graduation, name of college in which currently enrolled, college major, community service and
extracurricular activities. Applicants must also submit one copy of a college report giving evidence that at
least one year of study (24 credits) has been completed. The applicant must also submit three (3) copies
of the required response which is no longer than two 8.5 X 11 inch double-spaced pages. Do not put your
name on the response. The subject of the response may change each year and is revealed in a press release
in late spring. Incomplete applications or applications turned in after the submission deadline will be
HOW ARE SCHOLARSHIPS FUNDED?
Two basic types of scholarships are available for continuing education students. Memorial scholarships
are given by specific individuals or families in honor/memory of someone. The monetary award may vary
according to the request of the sponsor. Endowment scholarships are funded through means of an
Endowment Fund that has been created by Scholarships for Speedway for this specific purpose.
HOW ARE RECIPIENTS SELECTED?
Once the completed applications are compiled, the required anonymous (and numbered) responses are
distributed to both the memorial families and the endowment judges. In the case of the memorial families,
these individuals may select applicants that reflect the values of the individual honored. With the
endowment category, each judge is given all the responses and asked to rank according to how well the
applicants responded to the topic. All applicants are given a total number and subsequently ranked
numerically. The judges are selected by one SFS, Inc. board member and are anonymous to the remaining board. After memorial scholarships are awarded, the endowment scholarships are awarded according to the numerical ranking of the responses. All applicants are notified about the results by mail. An award ceremony normally takes place in July of each year.
WHY DIDN’T I GET A SCHOLARSHIP?
It is our ultimate goal to support all applicants in pursuit of higher education. However, the number of
scholarship recipients corresponds directly to the amount of memorial and endowment funds
available to the organization each year. The number of applicants and scholarships available will vary
from one year to the next. It is also possible that an applicant may have submitted an incomplete
application or the application was received after the deadline date.
WHERE MIGHT QUESTIONS BE ANSWERED?
Questions may be addressed to Mr. Tom Smith at 317-243-9753 or Mrs. Gina Grove at 317-946-1929. For additional
information, please visit our web pages by going to www.speedwayschools.org. Select the “Community”
tab at the top of the page and then click on the “Scholarships for Speedway” link found there.