The Elks National Foundation will award 500 four-year scholarships to the highest-rated applicants in the 2008 Most Valuable Student competition. Starting this year, students will have the opportunity to compete for an additional 12 top awards. Awards range from $15,000 per year to $1,000 per year.
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500 Four-Year Awards for the | |||
| Four-Year Total Award | No. of Awards | Total | |
| First Place | $60,000 | 2 | $120,000 |
| Second Place | $40,000 | 2 | $80,000 |
| Third Place | $20,000 | 2 | $40,000 |
| Fourth Place | $16,000 | 2 | $32,000 |
| Fifth Place | $12,000 | 2 | $24,000 |
| Sixth Place | $10,000 | 4 | $40,000 |
| Seventh Place | $8,000 | 4 | $32,000 |
| Runners Up | $4,000 | 482 | $1,928,000 |
| Total: | $2,296,000 | ||
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