I'd set up a scholarship for the person with the most number of friends. Total number of friends multiplied by $100 will be the value. You'd have to really be friends with them, write an essay talking about each one. Then we'll pick names randomly and call to confirm.
Minimum number of friends for entry level is 250.
Fair enough?
RE: They'll Give You Money for That? A Quick Glimpse at a Few Weird College Scholarships.