Applicant must be a citizen or permanent resident of the United States; a member of the PRCUA, in good standing, for a minimum of five years, and have a minimum of $5,000 of whole life insurance; a cumulative grade point average (GPA) of 3.0 or better; must keep their insurance policies in effect and in good standing for a minimum of five years immediately following receipt of the last eligible grant payment; and must have successfully completed their freshman year of undergraduate studies before the deadline.