The Hsiao Memorial Social Sciences Scholarship was established in honor of Dr. Katharine and Dr. Liang-Lin Hsiao to support graduate students of Asian descent who are facing financial need. Dr. Katharine and Dr. Liang-Lin Hsiao, both former professors of economics at Indiana State University, dedicated the majority of their professional lives in academia.
As young graduate students from China, they struggled to obtain their education amid financial uncertainty. Despite these obstacles, they earned their PhDs from Columbia University and New York University, respectively. They devoted their entire careers to the academic field and committed to giving back to those in need, including lecturing in China upon their retirements to educate the post-Mao era of economists now leading the country.