Katarina Pacheco, an alumna from The University of New Mexico, has been awarded a $5,000 Fellowship by The Honor Society of Phi Kappa Phi — the nation's oldest and most selective collegiate honor society for all academic disciplines. Pacheco is among 57 students nationwide to receive a Phi Kappa Phi Fellowship.

Pacheco, of Rio Rancho, N.M., earned bachelor's degrees in biochemistry, and health and medicine & human values from UNM. As a Phi Kappa Phi Fellow, she will pursue an MBA at Boise State University.

Since its creation in 1932, the Fellowship Program has become one of the Society's most visible and financially well-supported endeavors, allocating $345,000 annually to deserving students for first-year graduate or professional study. Currently, 51 Fellowships of $5,000 and six of $15,000 are awarded each year.

The selection process for the Phi Kappa Phi Fellowship is based on the applicants' evidence of graduate potential, undergraduate academic achievement, service and leadership experience, letters of recommendation, personal statement of educational perspective and career goals, and acceptance at an approved graduate or professional program.

In addition to the Fellowship Program, Phi Kappa Phi awards more than $1 million each biennium to qualifying students and members through undergraduate study abroad grants, grants for literacy initiatives, and member and chapter awards.

To learn more about these programs, visit Pi Kappa Phi Awards.