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R. Preston Woodruff Jr. Scholarship

Offered by Arkansas Student Loan Authority

Reviewed by Lisa FreedlandLast updated Jan 3, 2024
Multiple awards worth


Grade level

High School Seniors & College Students

Expected deadline:

This scholarship might not currently be accepting applications. Most scholarship programs only accept applications a few months ahead of their annual deadline. We’ve estimated this deadline based on last year’s deadline in order to help you plan out your scholarship applications.

January 2025

Scholarship Overview

Are you a resident of Arkansas who will be attending a postsecondary educational institution in Arkansas, or who already is attending such a university? If so, you may be eligible for the R. Preston Woodruff Jr. Scholarship! Each month, the scholarship awards $1,000 to multiple eligible students who complete a quick college quiz to be considered for the scholarship drawing. The deadline for each scholarship drawing falls on the last day of each month. The scholarship may be renewed for up to 3 additional years (not to exceed $4,000). To be considered for scholarship renewal, previous scholarship recipients must submit a typed 500-word essay by April 1. If you’re a current or incoming Arkansas college student, we encourage you to apply! Keep on reading to learn more.

About Arkansas Student Loan Authority

The Arkansas Student Loan Authority, a division of the Arkansas Development Finance Authority, is a state entity created to provide access to and information about educational funding for all Arkansas students who wish to attend institutions of higher education. For over four decades, they have worked to make higher education more accessible to Arkansas students through participation in affordable student loan programs and by providing college planning services to Arkansas families. ASLA is here to help students gain access to higher education through federal, state and private aid programs and to assist borrowers in successfully managing their student loan debt.

Eligibility information

This scholarship is open to students meeting the below eligibility criteria.

Grade Level

High School Seniors & College Students



Application information

In order to apply for the scholarship for the first time, interested students must complete a quick college quiz. However, to be considered for renewal, previous scholarship recipients are required to submit a typed 500-word essay by April 1st.

No essay

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Scholarship FAQ

Who should I contact with any questions about this scholarship?

For any questions regarding this scholarship application, please contact Arkansas Student Loan Authority at [email protected].

Is this scholarship renewable?

Yes, the R. Preston Woodruff Jr. Scholarship is renewable.

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