Questa Community Scholarship for Higher Education

THE PROGRAM

Molycorp has established a scholarship program to assist with higher education expenses for qualified seniors at Questa High School.

This scholarship is being administered by the Molycorp Employee Contribution Committee (ECC). Awards are granted without regard to race, color, creed, religion, gender, disability of national origin.

ELIGIBILITY
Applicants must be –

1. Current high school seniors in good standing at Questa High School; and
2. Planning to enroll for the first time in a full-time course of study at an accredited two-year or four-year college or university for the fall 2006 semester.

AWARDS
Two scholarships will be granted each year. If selected as a recipient, the student will received an initial award of $2000.00. Each subsequent year, if the student maintains annual enrollment and a cumulative GPA of 2.5, he or she will receive an additional $1000.00 per year for a maximum of $5000.00 over four years.

APPLICATION
Students interested in applying must complete the application and mail it along with a certified high school transcript to Molycorp postmarked no later than
May 1, 2006.

Applicants are responsible for gathering and submitting all necessary information. Applicants can only be evaluated on the information supplied; therefore all questions should be answered as completely as possible. All information received is considered confidential and is reviewed only by members of the Molycorp ECC.

SELECTION OF RECIPIENT
The scholarship recipient will be selected on the basis of academic record, demonstrated leadership, participation in school and community activities, work experience and goals and aspirations.

Selection of the recipient is made by the Molycorp ECC and those decisions will be final.

Applicants will be notified in May 2006.


PAYMENT OF SCHOLARSHIPS
Scholarship payments are authorized by Molycorp, Inc. and processed by the Molycorp ECC. Payment will be made in two equal installments on August 15 and December 30, 2006. Checks are mailed to the recipient’s home address and are made payable to the college or university.

OBLIGATIONS
The recipient is required to notify the Molycorp ECC of any changes of address, school enrollment or any other relevant information.

ADDITIONAL INFORMATION
Questions regarding the scholarship program should be directed to:

Questa Community Scholarship for Higher Education
Molycorp Employee Contributions Committee
PO Box 469
Questa, NM 87556

Armando Martinez
Telephone: (505) 586-7639

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© 2007 Molycorp