The Terry Foundation is a Houston-based scholarship program founded to provide scholarships to outstanding Texas High school graduates for attendance at public colleges and universities within the state. A Freshmen Terry Foundation Scholarship covers up to eight full semesters of undergraduate education ; a Transfer Scholarship covers up to six full semesters . The Terry Scholarship is renewable annually at the discretion of the Board of Directors. The renewal is automatic unless you are notified to the contrary. Under certain circumstances (described below), Terry Scholars may apply for an additional two semesters of funding ( see Extended Funding) to complete a five - year degree plan. In order to keep the Terry Scholarship in effect, and in a ddition to any other requirements that the university may impose, a Scholar must (1) maintain a cumulative grade point average of at least 2.5 and a grade point average for each semester of at least 2.0, (2) write and submit by the required deadline an acc eptable ann ual self - evaluation letter, ( 3 ) attend the functions sponsored by The Terry Foundation (described above) , and ( 4 ) comply with the rules prescribed from time to time by the university and the Foundation's Board of Directors. Candidates for the Terry Foundation Scholarship are nominated by the 13 affiliated universities. For a list of participating universities, visit: http://www.terryfoundation.org/Public/new-site-2016/about-us/scholarships Applications for the Terry Foundation Scholarship are available only from the universities and are not available from the Foundation.