The Beta Iota Chapter scholarship is awarded to a Beta Iota initiate or affiliate who is a current undergraduate member of Beta Iota/University of Colorado, or a Beta Iota alumna who is pursuing a graduate degree. If no one meets this, the scholarship will be given as an undergraduate award to any Beta Iota initiate. If there are still no applicants, it will be awarded to any Theta collegian or alumna with a permanent address in the state of Colorado who will pursue an undergraduate or graduate degree during the academic year the scholarship is awarded. If no one qualifies under these options, the scholarship will be awarded to any member of the Fraternity. To be eligible for Theta Foundation scholarships, you must be a college or alumna member of Kappa Alpha Theta in good standing with the Fraternity.