The Caterpillar Employee Endowed Scholarship is available to any full-time undergraduate student currently enrolled at Michigan Tech who possesses at least a 2.50 GPA, or any student who is accepted for admission to the University with an equivalent GPA from high school, college or university as a full-time undergraduate student, and who has a parent who is a current or retired employee of Caterpillar, Inc. Children of Caterpillar dealer employees are also eligible. Recipient selection is made based on prior academic performance, aptitude tests, and personal recommendations. This scholarship is awarded for a one-year period and are not automatically renewed. Applicants must reapply each academic year.