The Mr. and Mrs. Marvin Speight Educational Scholarship at ASU-Beebe was established through the Arkansas Community Foundation in 2016. This scholarship is for a full-time student attending the ASU-Beebe campus. In 1953, he began coaching junior college basketball at Arkansas State University – Beebe until 1963 when he was offered his dream job of being the head basketball coach at Arkansas State University in Jonesboro guiding what was then known as the Indians to several postseason appearances, with their best season coming in the 1966 campaign. Coach Speight remained at ASU-Jonesboro until 1969 when he stepped away from coaching to focus on being an educator full time.