Two categories of scholarships will be awarded annually to be selected by the J. Sherman Pelt Scholarship Committee. Seminary (Category I) awardees are eligible to apply and may receive scholarships for a maximum of two (2) years. LBC-Atlanta (Category II) awardees are eligible to apply and may receive scholarships for a maximum of four (4) years. The minimum award amounts are $300 Category I and $500 Category II. Applicants will be eligible for only one award per year and must submit an application either as a Seminary Student (Category I) or LBC Atlanta Member (Category II).