The EI+U Leadership Fund available proceeds shall be awarded to full-time student(s) who have attended Eastern Illinois University for at least one year, are in good academic standing and disciplinary standing, and demonstrate financial need. Preference will be given to student(s) with financial need who have demonstrated leadership, with priority to those with campus and/or community service. The award(s) shall be payable to Eastern Illinois University first to be applied against costs associated with the recipient attending Eastern Illinois University. The recipient(s) shall be eligible to apply for, and receive, the award again provided she/he continues to meet the criteria. The award(s) shall be issued annually.