Administrators say all the funds raised from the sale of $2 "Hope for Hailey" bracelets will go toward the scholarship.
Kristy Lloyd, a counselor at the middle school says while police will need to focus on the aftermath of the Mitchell County complex fire, the school and volunteers in the search for Hailey Dunn will keep looking.
Another search event is planned for Saturday. Searchers will meet at 9 a.m. in the 100 block of Walnut Street in Colorado City.
Hailey Dunn was last seen at her home on Dec. 27.