STUDENT RESPONSIBILITIES
 Apply on-line at www.nucor.com/scholarshipapply
 Selection Committee Meets and new student packets distributed during April
 Once college plans are definite, students should provide their “authorization
letter” to their financial aid advisor. This letter is included in your new student
packet as Nucor will not be responsible for notifying colleges of their Nucor
Foundation Scholarship and/or Educational Disbursement. NOTE: If colleges
are planning to “DIRECT BILL” for any student, this must be so noted on the
Info/Payment Request Form.
 Students should review and complete the top section of their Info/Payment
Request Form (STUDENT COLLEGE ID# REQUIRED) and deliver to their local
Nucor HR Administrator along with all required documents, i.e., transcripts,
itemized statement of fees, and if required, the IRS community service
requirement. (Please refer to the communication instructions from your local
Nucor division and an electronic version can be obtained directly from them as
well)
DETAILED PROCEDURES SHOWN BELOW
Effective Fall Semester, 2007, the annual disbursement amount increased to $3,000.00 per year. The amount of any disbursement
will be paid only to the educational institution in which the recipient is enrolled. The educational institution must agree to use the
funds to defray the recipient's ACTUAL expenses payable directly to the educational institution for: (a) tuition, (b) fees, (c) books
and materials, and (d) room and board (in this order). NUCOR will NOT pay on top of other scholarships, pell/outside grants or
other non-repayable monies when there is a credit balance, excluding loans. Students do not have to attend on a full-time basis
but this preferred as he or she may only be able to utilize a portion of the $3,000. If a student does not utilize the full $3,000 in any
given school year (typically Fall, Spring and Summer), monies not used may not be carried over to the next school year. Also,
DETAILED PROCEDURES (continued)
during the recipient's freshman year, no more than one-half ($1,500) of the current $3,000 annual disbursement amount can be
paid during the student’s first term.
Regarding room and board, other than during a student’s freshman term, if room and board is on-campus, we do not limit the
semester disbursement to $1,500. Students could receive the full $3,000 if they have indicated a payment preference for paying
the full amount during the first term of the new school year on their info sheet.
However, an exception for paying off-campus housing will be made if the amount billed is comparable to on-campus housing, the
student is enrolled full-time (at least 12 credit hours), tuition, fees, books and materials are already paid, the parents live more
than 20 miles from school and back-up is provided. If off-campus housing is approved for the current semester, it is limited and
only one-half (1/2) of the total $3,000 ($1,500) will be paid.
Payment of disbursement funds will be made to an educational institution ONLY when Nucor receives the Info/Payment
Request Form; their ACTUAL ITEMIZED STATEMENT OF FEES showing all CHARGES and all CREDITS either from the student or
the institution (paid receipts are acceptable as well). ***NOTE: IF YOUR BILL IS NOT LEGIBILE, DOES NOT CONTAIN
YOUR NAME, THE COLLEGE NAME/ADDRESS, CURRENT TERM AND YOUR FINANCIAL AID INFO IS NOT SHOWN EVEN IF
ZERO, WE WILL NO LONGER ACCEPT*** After the student’s first term, the Info/Payment Request Form does not need to be
resubmitted unless transferring schools. NOTE: We are no longer accepting the Foundation Disbursement or Educational
Disbursement Request forms nor will we accept flat rate invoices. In the case of books and materials, un-itemized cash
register receipts are not an acceptable detail listing. Cash register receipts should always be itemized and include the
student’s name. NOTE: Computers are NOT an allowed expense. No more than TWO checks will be issued during a
semester for the same student. The statement of fees along with book and material receipts and room and board receipts
for each term should be submitted at one time to cover all applicable expenses for that term and submitted directly to your
local Nucor HR Administrator for submission to the Corporate office as one scanned document.
IMPORTANT NOTE: Since the annual award amount for freshmen students is split per semester, they must provide
Nucor with their first semester transcripts in order to determine their eligibility for additional funds. Thereafter, at least
once a year (preferably at the end of each spring semester or at the end of their school year), students must send to Nucor a
verified CUMULATIVE copy of their transcript from the educational institution where they are enrolled. After the freshman
year, all students are required to submit transcripts after the Spring semester (or at the end of their school year). Students
that fail to meet this requirement WILL experience delays in receiving subsequent funds. Upon completion of a student's
course of study, a final report should be sent to Nucor. Recipients are expected to maintain the grade average and meet the
other requirements imposed by their educational institution in order to remain students in good standing.
Both
semester/quarter GPA's and cumulative GPA's are evaluated. Payments will be DEFERRED until completion of each current
semester if the grade point average falls below the required 2.0.
DETAILED PROCEDURES (continued)
In order to comply with government requirements, Nucor Corporation Educational Disbursement funds are taxable to the
student recipient (NOT PARENT) and the student will receive a W-2 at the end of each year. Students awarded taxable
Nucor Corporation Educational Disbursements must participate in one or more of the activities listed below:
 A service project, program, or seminar, organized by the division that is deemed a valued contribution to the
division. (Students may complete 8 hours of volunteer work to any worthwhile organization as long as it has been
approved FIRST by the Division HR Admin and support documentation from the organization is delivered to the HR
Admin.)
 A planned community activity, organized by the division that is deemed a valued service to the community.
 A written research paper suggesting and supporting ideas for change to one aspect of Nucor’s business practices; or,
a written book report on a topic approved and/or provided by the division HR administration (acceptable but not
preferred).
Documented participation in one or more of these activities each year the funds are awarded will qualify students for Nucor
Corporation Educational Disbursements for that year.
Students who have previously received Nucor Corporation
Educational Disbursements must participate in one of the activities each year before they will be eligible for further funds.
Activities will be organized and announced by your local Nucor division. Division HR Offices will announce dates, times, and
descriptions of their Community Service Activities:
***NOTE:
IT IS MANDATORY STARTING WITH THE 2012/2013
SCHOOL YEAR, THAT ALL REQUIREMENTS BE COMPLETED ON OR BEFORE
AUGUST 1st
(Students who receive the
Foundation award are NOT required to participate).
FOR WHAT PERIOD OF TIME WILL THE FOUNDATION/EDUCATIONAL DISBURSEMENTS BE AWARDED?
All students must apply electronically by March 1 of their senior year via our website: www.nucor.com/scholarshipapply.
Foundation/Educational Disbursements will be awarded for a period of four years, or the lesser period of time normally
required for completion of the program/courses in which a student is enrolled. The course of study must be completed
within eight years. Once awarded, students do NOT need to re-apply. LATE applications are no longer being excepted
unless there is a change in status with the employee (new hire, marriage, adoption, etc.). These applications will be
reviewed when the change of status occurs and the application is received. Also, parents of recipients of the Nucor
Corporation Educational Disbursement award must remain active employees of Nucor in order for them to receive
subsequent funds.
WHAT CAN THE FOUNDATION/EDUCATIONAL DISBURSEMENTS BE USED FOR?
Disbursement request funds may be used only to defray expenses that are payable directly to the educational institution for:
(a) tuition, (b) fees (c) books and materials, (d) room and board (in that order). All payments will be made directly to the
educational institution. Expenses for books and materials must be for items required in courses being taken and an itemized
list should be provided (book/material syllabus recommended). Again, computers are not an allowed expense.
DETAILED PROCEDURES (continued)
EFFECTIVE WITH THE 2011-2012 SCHOOL YEAR NEW RULES APPLY FOR ON-LINE CLASSES: Students must be enrolled fulltime at an accredited institution (12 credit hours or more) and within these 12+ credit hours, you can be reimbursed for
up to TWO on-line classes and all final exams must be proctored. ADDITIONAL NEW LANGUAGE: If for some reason due
to work, health or family obligations and you have to take all “on-line” courses during a specific term, Nucor will still
review payment for TWO classes. FORMULA would be to take the actual total fees, divide by number of credit hours
being taken and determine credit hour costs.
WHAT TYPE OF ACADEMIC RECORD MUST BE MAINTAINED BY RECIPIENTS?
To remain in good standing, students must maintain a 2.0 grade point average and meet the requirements imposed by the
school which he or she is attending. Any student on academic probation, not meeting the 2.0 grade point requirement or
not in good standing with the school, must first complete the semester, then upon receipt of a passing transcript, funds can
then be paid to the school. Again, note that we evaluate semester/quarter GPA's and cumulative GPA's in making decisions.
WHAT WOULD HAPPEN IF RECIPIENTS ARE SUSPENDED OR WITHDRAW FROM SCHOOL?
The Foundation/Educational disbursement would be terminated, and depending upon the circumstances, the recipient may be
asked to repay to Nucor a pro rata portion of the disbursement payment for that term. It is important that any withdrawal, for
whatever reason, be registered with Nucor.
In a situation where the student's withdrawal from the educational institution is due to a good cause (e.g., illness), Nucor is
given reasonable notice thereof by the student, and the student registers an intention to continue his or her course of study,
the Foundation/Educational Disbursement may be reinstated.
If a student is absent from school for one year or more - between completed terms - or if a student withdraws during a term;
then he/she is required to write to Nucor for reinstatement into the program. (E-mails are preferred)
TRANSFERRING SCHOOLS:
Upon written request to the Foundation, a recipient may transfer from one institution to
another and retain their award. This request should be given directly to your local Nucor HR Administrator by completing an
Info/Payment Request Form and marking transfer. They can provide you with a new authorization letter for the college you
are transferring to and you would be responsible for making sure that your financial aid advisor receives.
DETAILED PROCEDURES (continued)
WHY ARE RECIPIENTS OF NUCOR CORPORATION EDUCATIONAL DISBURSEMENTS REQUIRED TO PARTICIPATE IN DIVISION COMMUNITY SERVICE ACTIVITIES, AND/OR WRITE A COMPANY SPONSORED RESEARCH PAPER; WHEREAS STUDENTS RECEIVING THE
FOUNDATION AWARD ARE NOT REQUIRED TO PARTICIPATE?
Government regulations limit the number of scholarships given each year by the Nucor Foundation to a maximum of 25% of
applications received. Scholarships awarded from the Nucor Foundation are not taxed in the same way as education funds
awarded to students from the company. Since Nucor Corporation Educational Disbursements are company funds taxed to
students (and not scholarships from the Nucor Foundation), students must demonstrate they have performed tasks or
services of value to the company in order to receive these funds.
NUCOR CORPORATION PAYMENT OF FUNDS
Students SHOULD NOT assume that Nucor's funds will be paid before the institution's payment due date.
NEW
PROCEDURES require that you complete the Info/Payment Request Form and it is the responsibility of each student to
ensure that the required documentation is submitted to the local Nucor division HR Administrator and each division will
have their own instructions for submitting. Many schools send invoices directly to Nucor on the student’s behalf. If the
institution you attend plans to submit their billing directly, YOU WILL NEED TO MARK THE INFO/PAYMENT REQUEST FORM
ACCORDINGLY so the division can still submit all other required documents on your behalf. If the institution you attend will
not work with your Nucor award based on the authorization letter they received, it will be the responsibility of the
student/parent to pay the school direct so classes will not be dropped and then upon receiving the student’s statement of
fees or paid receipts, Nucor will send a check to the institution as soon as possible after receipt thereof and the student will
be reimbursed by the institution. After a student’s Freshman year, the full annual award amount can be paid out the first
semester UNLESS a student requests that the annual award amount continue to be split per semester. (See INFO/PAYMENT
REQUEST FORM for payment preference).
All questions/concerns should be directed to Liz Wells - HR Supervisor/Scholarships
NUCOR CORPORATION
1915 Rexford Road
Charlotte, NC 28211
liz.wells@nucor.com
****FOR CONTROL PROCEDURES - PREFERRED MODE OF COMMUNICATION IS VIA E-MAIL****
SCHOLARSHIP FAX: 704/943-7199
DIRECT DIAL: 704/367-8662