The Regents’ and Chancellor’s Scholarship carries the highest honor awarded by the University of California, Berkeley to entering undergraduates, and are by invitation only. Candidates are selected on the basis of the information available on their UC Application for Undergraduate Admission, including GPA and SAT test scores. Other factors that may be considered include: the application personal statement, letters of recommendation, extracurricular activities, academic potential, evidence of overcoming personal hardship, and other academic or personal qualities that would make a distinctive contribution to the campus. monetary award that is renewable annually for up to a maximum of eight semesters for incoming freshmen and a maximum of four semesters for incoming transfer students.