The territory scholarship is for a graduating high school senior. The continuing scholarship is for students who have completed their first year of college and are incoming sophomores or higher.

The Sagebrush Circuit—Lew & JoAnn Eklund Educational Scholarship—is funded in its entirety by donations made to the Appaloosa Youth Foundation from the dissolution of funds of the Sagebrush Circuit. This scholarship, the highest attainable scholarship available from the Appaloosa Youth Foundation, is given to members of the ApHC or the son or daughter of an ApHC member, and is awarded to a college junior, senior, or graduate student who is pursuing a degree in a major field of study that is closely related to the equine industry.

Applicants must currently maintain a grade point average of 3.5 or higher on a 4.0 scale, or the equivalent 5.2 on a 6.0 scale. Each applicant must provide, or have submitted on their behalf, three letters of recommendation. Official transcripts must accompany each application. Additional requirements are outlined in the application.