The Phi Kappa Tau Beta Omicron Veterans Scholarship was established to support scholarships for veteran students with a preference for a student veteran who is an active member of Beta Omicron Chapter of Phi Kappa Tau Fraternity. If no students from the Beta Omicron Chapter of Phi Kappa Tau Fraternity are eligible, the award may go to a transfer student veteran who is a member of another chapter of Phi Kappa Tau or a student veteran attending the University of Maryland.