This semester there is an advantage to having long-standing faculty and administrators recognize your last name. Yeshiva has recently begun a novel and unique scholarship for the grandchildren of former personnel. To qualify, a student's grandparent must have served Yeshiva as a full-time faculty member, administrator, supervisor, or manager for at least twenty-five years.

The scholarship, which is distributed on a need-basis, officially requires parents to present proof of their inability to meet tuition payments in order to trigger eligibility. But one recipient of the scholarship, speaking on condition of anonymity, revealed that despite the fact that he had not received any financial aid in past years, he was nonetheless granted the tuition benefit.

The scholarship, which to date remains unnamed - appearing on invoices as "Employee Benefits" comes equipped with the standard Yeshiva eligibility requirements. Applicants must fulfill all admission qualifications for the desired undergraduate school, high school, or the Rabbi Isaac Elchanan Theological Seminary; Yeshiva does not offer the fund for students wishing to attend its graduate or professional schools. Once accepted, the students must maintain a 'C' average and fulfill all academic requirements in the particular school for which the scholarship is granted.

The scholarship, however, does have a number of limitations. First, it must be approved anew each semester, forcing applicants to reapply before every academic term. Second, it can be applied at maximum towards sixty percent of the tuition expense that remains, after the subtraction of all other discounts or scholarships to which a student is entitled. Third, Yeshiva will allocate no more than $250,000 per year towards the program. Additionally, the scholarship contains no provisions for boarding and other student expenses.

Despite the scholarship's limitations, student response to the grant has been overwhelmingly positive. Recipients were pleased with the magnitude of the scholarship and the ease with which they acquired it. Only one student, who also wished to remain anonymous, was upset that he did not receive the scholarship his grandfather taught in IBC for "only" twenty-four years.