The Louis Jay Goold Memorial Scholarship was established in 2021 as a tribute to the memory of Lou Goold by his family. 

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The scholarship will be awarded annually to students who are a resident of southwestern Nebraska. Applicants must be graduating high school seniors with a minimum 2.5 GPA and be pursuing an undergraduate degree with a focus on STEM or vocational certification. Preference may be given to a student studying machine tool operations, skilled trades, or mechanical design technology.

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