In the year the scholarship is awarded the student
must be in the Grade 8 from the beginning of that year.
NUMEBR OF GRANTS AND THE VALUE OF THE GRANT:
The number of grants available for each year will be
determined by the amount of available funds together with the donations received at the beginning of the year.
The total number of grants will be divided proportionately among the 6 Tsunami affected Districts, namely Trincomalee,
Batticaloa, Ampara, Hambantota, Matara and Galle. The value for the grant will be 2000.00 SLR (Sri Lankan Rupees)
maximum per child per month. Actual amount of the grant will depend on the prevailing Sri Lankan Bank interest rate
for 3-month term Fixed Deposits.
The scholarship recipients will continue to receive
the grant till the end of their secondary education i.e. until the time of University Entrance, subject to the
performance requirements as detailed under "SUSPENSION AND TERMINATION" clause below.
Toronto Mahavihara Society Scholarship Foundation
will regularly evaluate the educational performance of the grant recipients.
SUSPENSION AND TERMINATION:
Drop in the performance by -10% (minus 10%) in three
consecutive terms relative to the performance of the previous year will result in suspension or termination of the
REWARDING HIGH ACHIVERS:
A number of top achievers from each batch who have
been selected for University education and wishing to pursue higher studies will continue to receive the current
grant during their term in the University up to a maximum of 4 years.