Tau Beta Pi offers numerous awards to its members, including scholarships and fellowships; check the national page for detailed information.

Scholarships:
  "The Tau Beta Pi Association Scholarship Program was established in 1998 with five awards named in honor of former Secretary-Treasurer Emeritus R.H. Nagel. Beginning in the fall of 1999, awards of $2,000 each were made to selected undergraduate members, known as Tau Beta Pi Scholars, for their senior year of full-time engineering study. In four years, 78 Scholars have been named."

Fellowships:
  "The Fellowship Program is Tau Beta Pi's single most important project for the advancement of engineering education and the profession. It is a time-proven idea which was pioneered by Tau Beta Pi in the honor-society field. The plan was adopted by the 1928 Convention as a result of the recommendation and labors of President A. D. Moore. From the first the purpose has been to finance, for a select group of members chosen for merit and need, a year of graduate study at the colleges of their choice. A distinguishing feature of Tau Beta Pi fellowships has always been that they are as free of binding rules as possible. Many other fellowships are designated for some specific purpose, making it difficult for students with original ideas to find one exactly fitted to their needs. Tau Beta Pi fellows are free to do graduate work in any field which will enable them to contribute to the engineering profession. The only specific duty of awardees is to write a report at the completion of the fellowship year summarizing their work."

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