The Chelsi Petersen Memorial Scholarship 2026

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The recipients of GAR scholarships are exceptionally qualified high school students with demonstrated financial need whose parents or guardians have, or had, a career in the financial services industry.
The Stephen Phillips Memorial Fund awards scholarships between $3,000 and $18,000 (the average award is $6,000). Awards are renewable for up to 4 years while recipients complete bachelors degrees.
Can I Get a Full-Ride Scholarship With a 3.5 GPA? Securing a full-ride scholarship with a 3.5 GPA is challenging but not impossible. Generally, full-ride scholarships and general tuition scholarships tend to favor students with exceptional academic records, typically above a 3.5 GPA.

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Awards from the Phillips Scholarship range from $2,000 to as high as $17,000 in a few cases. Individual award amounts are based on each applicants unmet need. The average award each year is in the $6,000 to $10,000 range.
For each full-time enrollee, the average amount of scholarship money per student is $10,050, while a qualified full-time graduate student receives $8,860 (Ma Pender, 2021).

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