The recipient shall be at the time of his selection a sophomore, junior, senior, or graduate student at Eastern Illinois University with a stated intention of returning to the University for the Fall Semester following the date of his Spring Semester selection. The recipient shall at the time of his selection reside in the residence halls or university apartments. The recipient shall be of outstanding personal character and a student of scholastic achievement. The recipient shall have demonstrated achievement in terms of his or her contribution to the residence hall program or programming within the university apartments. Financial need may be considered by the Committee, but it shall be considered only after the number of candidates has been reduced to three or less by the application of all other stated criteria.