Each year applications for scholarships are made available in January and have to be returned to the counseling office by the first Friday in May. Each application is screened and the finalists are presented to the Dollars for Scholars review committee. Each student is interviewed, and depending on funding, the final group is chosen based on scholarship, personal needs and life goals. 80% of alumni dues goes to this program.
Each recipient was awarded a scholarship for $1000.00.

| Student | Scholarship Sponsor | GPA | Accepted |
| 2007 | |||
| Silvia Castaneda | Hoover Dollars for Scholars | 3.64 | San Diego City College |
| Elizabeth Cervantes | Hoover Dollars for Scholars | 3.9 | San Diego State University |
| Amor Chan | Hoover Dollars for Scholars | 3.0 | Cal Stte Chico |
| Quang Dinh | Hoover Dollars for Scholars | 3.93 | UCSD |
| Kamar Hammond | Hoover Dollars for Scholars | 2.47 | Southwestern Community College |
| Ngan Huynh | Hoover Dollars for Scholars | 4.1 | San Diego Mesa College |
| Hung Lam | Hoover Dollars for Scholars | 4.22 | UCSD |
| Thalia Luque | Hoover Dollars for Scholars | 3.13 | San Diego State University |
| Victor Perez | Hoover Dollars for Scholars | 3.87 | Cal Lutheran University |
| Luis Quiroz | Hoover Dollars for Scholars | 3.64 | San Diego State University |
| Roberto Reyes-Santiago | Hoover Dollars for Scholars | 3.6 | San Diego Mesa College |
| Christian Rodriquez | Hoover Dollars for Scholars | 3.41 | Maric College |
| Le Tran | Hoover Dollars for Scholars | 4.07 | San Diego State University |
| Daniel Wallace | Hoover Dollars for Scholars | 4.11 | UC Santa Barbara |
| Ricardo Solano | John Baker Humanities Scholar Award | 4.1 | UC Davis |
| Chhandara Pech | Alan Balckstone Scholar Award | 4.12 | UCLA |
| Mario Gonzalez | Bob Breitbard Scholar Athlete | 3.7 | SDSU |
| Blanca Morales | Sherald Bousfield Scholar Award | 3.8 | San Diego Mesa College |
| Carolina Bracamonte | Harry Cook Music Scholar Award | 4.0 | UCLA |
| Jeanette Meza | Jack and Mary Goodall Award | 2.93 | San Diego City College |
| Thao Le | Paul Hartley ROTC Scholar Award | 4.41 | UCLA |
| Angelica Lopez | Hoover Class of 1963 Scholar Award | 3.2 | Cal State Long Beach |
| Carolina Barraza | Don and Jane Robinson ASB Scholar Award | 3.5 | Cal State Chico |
| Brittany Brown | Evie Voeltzel School Activites and Community Service Award | 3.23 | SDSU |
| Trong Nguyen | Clarence Watters Engineering and Science Scholar | 4.41 | UCSD |
| Duong Doan | The Paula B. and Oliver W. Jones Foundation Scholarship | ||
| Thao Le | The Paula B. and Oliver W. Jones Foundation Scholarship | 4.41 | UCLA |
| Trong Nguyen | The Paula B. and Oliver W. Jones Foundation Scholarship | 4.41 | UCSD |
| Chhandara Pech | The Paula B. and Oliver W. Jones Foundation Scholarship | 4.12 | UCLA |