Students from Glusburn and Sutton at university or college could receive cash aid.
Grants towards studies are being offered by the Sir John Horsfall Exhibition Foundation.
To be eligible, applicants must live in the parishes of Glusburn or Sutton or have attended county council and/or voluntary schools there before the age of 16.
References will be required from a current or past tutor.
Grants of £100 were awarded last year.
North Yorkshire county councillor Arthur Barker, executive member for schools, said: “Most students have to manage on very tight budgets so these grants are a welcome opportunity for help with learning.”
Application forms are available from the Post-16 Team, NYCC, Jesmond House, Harrogate, HG1 5QE, phone 01609 533693 or e-mail Post16@northyorks.gov.uk.
The deadline for applications is Friday, January 31. For more information, contact Lisa Herdman on 01609 534953.