An applicant for the NFIB Young Entrepreneur Awards need to be a graduating high school senior who is entering his or her freshman year at an accredited two-or four-year university, college, or vocational institute in the fall of 2014 and who owns/operates an established business. Many applicants participate in organizations such as DECA, Junior Achievement, Future Business Leaders of America (FBLA), Future Farmers of America (FFA), National Foundation for Teaching Entrepreneurship (NFTE), among others, but this is not a requirement. The Award recipients are selected by an independent scholarship organization. Scholarships are merit-based, not based on financial need.
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