The Walton Adolphus Nail Memorial Scholarship was established in 1991 by Mr. and Mrs. Roland Nail, Sr. in memory of their son, Walton Adolphus Nail, who attended Panola College in 1974. The Nails endowed the scholarship in a joint effort with the matching gifts program of Union Pacific Corporation. The scholarship is awarded annually to a deserving sophomore student who will attend Panola College.