Redefining the Classroom

Business Scholarships

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School of Business/Lambda Scholarship
This scholarship was created by contributions from alumni of the School of Business and the Lambda Sigma Beta Fraternity spearheaded by Dr. Madan Saluja, professor of business at LSSU. This endowment is awarded to students who have attained junior or senior status in the business program, with a GPA of 3.0 or higher, and who have demonstrated campus/community leadership and dedication in working in the business profession.

Central Savings Bank Scholarship
In 1990, Central Savings Bank established its named scholarship to provide talented LSSU business majors who are pursuing a career in banking with an opportunity to work and stay within the local community. Preference is given to students who are residents of Michigan's Eastern Upper Peninsula or the Algoma District of Ontario who are majoring in the Finance & Economics program or Accounting with a minor in Finance. The scholarship recipient is selected by a committee composed of School of Business faculty members, CSB representatives, and a City of Sault Ste. Marie, Michigan government representative.

Elizabeth (Betsy) Demaray Business Scholarship
The Betsy Demaray Business Scholarship was established to help those non-traditional students whose lives have led them away from school for a time and who are now dedicated to completing a business degree. Betsy was a native of Sault Ste. Marie and a graduate of Sault Area High School. She transferred to Lake Superior State College in 1971 as a sophomore and continued taking classes along with raising a family and working, graduating magna cum laud in 1983 with a BS in Accounting. She continued her coursework and completed an MBA at LSSU in 1993. In 2009, she received the LSSU Outstanding Alumna Award – an award that honors personal and professional accomplishments and involvement with LSSU. This is the highest honor the LSSU Alumni Association presents. Betsy was very active in her community and served on the LSSU Foundation Board of Directors until her death in 2013 after a courageous battle with cancer. Her daughter, Kristina, followed in her footsteps by returning to LSSU after having children to complete her Bachelor’s degree as a non-traditional student. Her mother, Marion Strahl Boyer established a LSSU scholarship to benefit a non-traditional student majoring in English. Successful candidates must be a student majoring in any LSSU Business degree program with a GPA of 3.0 or higher. Preference is given to non-traditional students who are residents of Michigan’s Eastern Upper Peninsula.

Frank Fazi Scholarship
This scholarship was established in honor of Frank Fazi, a longtime supporter to the Sault area community and to Lake Superior State University. Frank played an active role in many organizations and projects for the betterment of the community. He was an outstanding athlete, playing for the Michigan Tech-Sault Branch Hornet's basketball team. He was inducted into the LSSU Athletic Hall of Fame in 1995. This scholarship is awarded to an incoming freshman from an Eastern U.P. high school. The student must demonstrate academic excellence and major in business and economics.

William R. Gregory Scholarship
This scholarship was established in honor of William R. Gregory, former president of Edison Sault Electric Company. He has served as a member of the LSSU Board of Trustees and the LSSU Foundation Board. He received LSSU's Distinguished Citizen Award in 1986. Former LSSU President Robert Arbuckle once stated, "Bill Gregory has actively supported the University with his talent and treasure for over 25 years. No one in this region is more devoted to Lake State." Successful candidates must be a junior majoring in engineering, mathematics, business, biology or fisheries and wildlife management with a GPA of 3.0 or higher.

Warren Parker Family Scholarship
This scholarship was established by Warren and Beverley Parker who are the founders of Parkers Ace Hardware formerly known as the Parkers True Value Hardware Store. The store continues to be a family business operated by Warren and Beverley’s three sons – Curt, Cory, and Scott under Scott’s ownership. The scholarship is awarded to a business administration major who is a high school graduate from Chippewa, Mackinac or Luce County.

Madan Saluja Endowed Scholarship
This scholarship was established by alumni and friends to honor LSSU faculty member, Dr. Madan Saluja. Having taught at LSSU for more that 40 years, Dr. Madan Saluja is well known for his courses’ rigor and his personal high expectations of students.

He received the Michigan Teaching Excellence Fund award in 1991 and was the first professor in the School of Business to receive LSSU’s Distinguished Teacher Award in 1995. More recently he was named Laker of the Year for the 2010-2011 academic year by the LSSU Student Government. In addition to his teaching awards, Saluja is credited with establishing the semester coffee socials on campus and the annual dinner that recognizes graduating Business seniors and honors a Distinguished Alumnus/a. He has served as the faculty representative to the LSSU Foundation Board of Directors, as well as on the fundraising committee for the LSSU Arts Center and South Hall Renovation Projects. Saluja was instrumental in establishing the School of Business/Lambda Scholarship and has helped raise more than $225,000 to support the endowment. A native of India, he was the captain of the track and field team and held a long distance running record at his alma mater Delhi University. Under his leadership the team won the Inter-university championship (similar to an NCAA championship) in athletics - track and field events in 1959. Dr. Salua's LSSU legacy also includes children Anita Saluja, MD, '93, Mathematics and Vijay Saluja, MD, '98, Business Administration.

Successful candidates must be a member of the LSSU Track or Cross Country athletic team with a preference to students who are pursuing a degree ina School of Business program or earning a minor in a business program with a GPA of 3.0 higher. Selection is based on the recommendation from the LSSU Athletic Director, LSSU track & cross-country coaches and a member of the School of Business faculty.

Judson (Bucky) Swart Soo Lions Club Memorial Scholarship
Judson (Bucky) Swart was a lifetime resident of Sault Ste. Marie. He was a career banker working for Huntington Bank (formerly Sault Bank) for 35 years. A strong supporter of his community, Bucky gave much of his time to help others.

With the financial support of friends, family and the Sault Ste. Marie Lions Club, of which Bucky was an active member, a scholarship was established in 1999. Awarded to a graduating senior of any high school in Chippewa, Luce or Mackinac Counties, recipients must be enrolled full time in an undergraduate degree program in the School of Business and Economics. Selection is based on high school grade point average, ACT score and class rank.

Lisa Tetzlaff and Sherry Brooks Nursing & Accounting Scholarship
This scholarship is named after Sherry Brooks and her daughter, Lisa Tetzlaff. Sherry Brooks, CPA graduated from LSSU with a bachelor’s of accounting and an MBA. She is a past president of the LSSU Alumni Association Board of Directors and has served on various committees for the Alumni Association and LSSU Foundation. Lisa Tetzlaff, RN graduated from LSSU with a bachelor’s degree of nursing. She worked as an emergency room nurse at War Memorial Hospital before continuing her education at the University of Delaware to obtain a MSN/NP. This named scholarship is to honor her extraordinary accomplishments and to recognize the generosity of the scholarship donors who provided her financial assistance. Lisa was a recipient of the May Mitchell Royal Foundation Nursing Scholarship in her junior year at LSSU and the Jeanne K. Buxbaum Graduate Nursing Student Assistantship at the University of Delaware. Successful candidates must be a student of junior status who has earned at least 56 LSSU credits with a minimum GPA of 3.0 majoring in the LSSU nursing or accounting program. Financial need may be a consideration.

Daune Weiss Memorial Scholarship
This scholarship was established in 2000 in memory of Daune Weiss, a prominent Gaylord businesswoman who was tragically killed in a plane crash in October 2000. Just prior to her death, Daune was appointed to the LSSU Foundation Board of Directors. She was instrumental in establishing the Lake State Classic Golf Tournament and had contributed greatly to its planning and success. This scholarship gives preference to students from Otsego and Mackinac counties majoring in Elementary/Secondary Education or Business who has earned at least 26 credits with a GPA of 3.0 or higher.