Every HON 121 co-leader pair is allowed to nominate one first-year Honors student within their section to apply for the Outstanding First-Year Honors Program Member scholarship given out by the University Honors Committee and the Honors Student Board. Four to six winners are chosen annually based upon their current and potential future involvement in the Honors Program, the recommendation of their former First-Year Honors seminar leaders, and their academic achievement and involvement so far at Iowa State University.
Winners receive a $250 scholarship which is credited to their tuition and fee charges for the following semester.