Tue, 05 Aug 2014 06:47:00 GMT
Fun fact: Did you know the FSM awards $25,000 to Valedictorians in each FSM State?
Congressional Act No. 16-40 was signed by President Manny Mori, becoming Public Law No. 16-40 which allowed...
The National Merit Scholarship to be created to award one Valedictorian per FSM state each year with $25,000 each year for up to 4 years for a college of the recipient's choice.
(Needless to say, Kosrae's valedictorian gets no competition as there's only one high school in the state).
That's $100,000 per Valedictorian per year for each recipient :O
One way of judging which valedictorians in the other 3 states get it is through their COMET scores.
Also, the panel does not review merit scholarship application unless all valedictorians in the state turn in their application or it turns into the next school year.
Click the link to learn more about the law: http://www.fsmcongress.fm/pdf%20documents/16th%20Congress/Public%20Laws/Public%20Law%2016-37.pdf
Is the FSM wasting money on these #1 top students? How much is the value of their education really worth?
You decide :D