All Award Winners are chosen by an independent committee that is separate from Jefferies Group, Inc. Jefferies Family Scholarship Selection Committee reviews all eligible applications, but does not take into account factors relating to the employment of the applicant's parent and the business of the Company. Applications are presented to the committee anonymously. For selection committee members, all identifying information for applicants (e.g., name, parent's position with Jefferies) is removed prior to presentation of applicant data; applicants are discussed by randomly assigned numbers during the selection committee meeting.
The scholarship is awarded for one academic year only. Receiving the scholarship in any given year neither increases nor decreases the likelihood that the selection committee will select the applicant to receive an award in subsequent years. Announcement of scholarship recipients are made within two weeks of the selection meeting.