The Panhandle State Foundation makes available several different forms of scholarships.  Each year a general scholarship amount is given to the university.  This amount fluctuates because it is the interest and dividends earned from investments made possible through contributions to the Foundation.  The university uses these funds to support scholarships for academics, music, art, drama and other activity scholarships such as the judging team, rodeo, football, basketball, golf, etc. 

 Then there are the scholarships established by various groups and individuals that students can apply for through the Foundation office.  There are two types: endowed scholarships, where a lump sum of money is given to the Foundation and the interest is used to fund a scholarship annually; and restricted scholarships , where a specific amount of money is sent to the Foundation each year and the full amount is given as a scholarship.  The endowed scholarships are established to be on going with no further responsibilities to those establishing the scholarship after they set the parameters for the said scholarship.  Finally, the Foundation has a program of matching civic scholarships for all local organizations.