For over 95 years, The International School of Hydrocarbon Measurement has been actively focused on the education and training of measurement and control personnel at all levels in the Oil and Gas Industry. In the 1980's, The International School of Hydrocarbon Measurement Scholarship Fund was established to provide financial support to students pursuing degrees meeting the following criteria:
- The successful candidate must be enrolled and continue to be enrolled as a full-time student in a Bachelors Degree, Associates Degree, or Technical Certification program at an accredited college, university, or vocational/technical institution. Students pursuing post-graduate degrees are not eligible.
- The successful candidate must be enrolled in a course of study and exhibit post-graduation career goals that indicate and are consistent with the pursuit of employment opportunities in the hydrocarbon energy industry.
- Preference shall be given to those seeking a career in measurement and control.
- The successful candidate must be enrolled in a Technical Certification program related to obtaining employment in the hydrocarbon energy industry or have successfully completed a minimum of 50% of the required curriculum in the noted course of study at the time of submittal.
- The successful candidate must have maintained a minimum 2.75 grade point average on a 4.0 scale in overall courses of study and a minimum 3.0 grade point average on a 4.0 scale in major courses of study.
- The successful candidate must have accurately completed and submitted the scholarship application provided by the International School of Hydrocarbon Measurement to the designated address and by the established submittal date.
- The successful candidate shall meet all eligibility requirements as required by applicable law and/or regulation for receipt of scholarship funds from the International School of Hydrocarbon Measurement, such operating as a registered 501(c) (3) organization in the State of Oklahoma (See "Disclosure of Relationships")
Scholarship funds shall be used for 1) tuition, 2) books, manuals, and required study guides/materials 3) required academic, facility, or laboratory fees, 4) required equipment (laboratory, small tools, etc.), 5) room and board costs if such is provided and administered by the college, university or vocational/technical institution of attendance, and 6) other substantiated costs associated with the degree or certification program.
The ISHM Scholarship Fund Committee selects recipients from a list of qualified candidates from participating universities. Scholarship awards may be of any size and may be made to any number of students during any given time. Awards are presented during the General Assembly of the School each year. Funding is achieved through the individual, group, or corporate donations or through special activities organized by the ISHM Executive Committee.