The Most Valuable Student scholarship contest is open to any high school senior who is a US citizen. The Elks National Foundation will award a total of 500 four-year scholarships ranging from $4,000 to $50,000 for those who place in the top 500 nationally. Some Oregon lodges give awards at the lodge level, but those that advance onto the District and State level have a chance to receive additional awards ranging from $1200 to $3000.