In 1999 the Board of Trustees of AUB established a Merit Scholarship Program. This Program enables the University to award, each year, full-tuition merit scholarships to ten new undergraduates with outstanding academic qualifications. AUB Merit Scholarship awardees are selected from among the newly admitted undergraduate students on the basis of academic achievement and promise alone; no application for financial aid is required. Awards are renewable for each undergraduate year provided that the student maintains a minimum cumulative 85% average.