Central Texas Electric Cooperative will award 25 $1,000 college scholarships this year to students in the co-op’s service area, bringing the total amount of financial help given to area students over the past 25 years to $669,000.
“This is a great opportunity for the co-op to continue doing something to help our membership at really no cost,” CEO Robert A. Loth III said. “Using the state’s escheated money also assures that at least some of that money comes back into the area and is used for the benefit of our members.”
Texas law allows nonprofit electric cooperatives to put unclaimed capital credits—previously collected by the Texas comptroller’s office for the state’s general fund—to use for student scholarships.
A selection committee appointed by the board of directors of Central Texas EC will choose candidates and alternates for the 25 scholarships to be awarded. Scholarships will be awarded based on each applicant’s eligibility and will be granted to students who attend an accredited Texas institution of higher education. Recipients must enroll for a minimum of 12 credit-hours or be considered by the registrar to be a full-time student. All scholarships will be mailed directly to the financial aid office of the
selected school for the fall 2022 semester.
CTEC accepts scholarship applications from all active members of the coop and their immediate families (not just high school students) whose primary residence is served by CTEC. Applicants must be of good character, as evidenced by at least two letters of recommendation from teachers, principals, counselors, etc., at the student’s current school. For applicants returning to school after an extended absence, letters of recommendation will be accepted from employers, supervisors, ministers, etc. Applicants must have a coherent degree plan and must demonstrate willingness to pursue a course of higher learning.
How To Apply
For high school seniors, CTEC mails applications and guidelines in early January to schools in the co-op’s service territory. For members already out of high school, applications are available at all CTEC offices and can be downloaded from the co-op’s website, ctec.coop. Questions can be directed to Patricia Stehling in the Fredericksburg office at 1-800-900-CTEC (2832) or at (830) 997-2126. Recipients will be announced in late April.
Completed applications must be in CTEC’s Fredericksburg office by 5 p.m. Friday, February 25.