Penny Arcade GuysIn the United States, a college education can be quite pricey. Luckily, scholarships give students a way to avoid decades of crippling debt while providing access to a worthwhile school. Unfortunately, most college grants come with several ethnic, religious, financial, or gender requirements. Luckily, an exception exists!

For the fourth consecutive year, Penny Arcade co-founders Mike Krahulik and Jerry Holkins are offering a $10,000 scholarship. Before you get too excited, you should know that the award comes with some fine print. First of all, the minimum GPA requirement is 3.3. Moreover, applicants must have the intention of entering the game industry later down the road.

Beyond the minimum requirements, Mike and Jerry have also asked for a few documents including a cover letter, a school transcript, a photograph, and two letters of recommendation.

If you're a broke student entering or continuing college-level studies, you have until the end of May to prepare the relevant paperwork. You could buy a mountain of video games with $10.000, so get on it [via GamePolitics]!