Georgia Tech IFC awards $8,000 dollars in scholarships. $7,000 dollars will be awarded to 4 active members of a Georgia Tech IFC fraternity or a member awaiting initiation. A $1,000 dollar scholarship will be awarded to an incoming freshman. Selections will be based on leadership, academic achievement, and campus involvement. The top applicant that exemplifies excellence in all three categories will receive a $3,000 scholarship. A runner-up scholarship of $2,000 dollars will be awarded along with two $1,000 dollar scholarships for applicants deserving an honorable mention.