The Merit Scholarships are awarded annually to students who obtain outstanding academic achievement, regardless of household income. The value of the Exchange is five times the national minimum wage in force at the beginning of the academic year in which the stock is assigned. The number of Scholarships to be awarded by the IPCA is 1 per 500 students or fraction enrolled in the previous school year.
Students must have a weighted average under Regulation Registration Evaluation and New Year the Schools of the IPCA, equal to or higher than 16 in all the disciplines related to the academic year who have attended since enrolled for the first time and that disciplines have not delayed. Students may not be in arrears of previous academic years and must have the status of enrollment, registration and payment of fees regularized. Financial need does not play a role.