Description of Scholarship

The Hagan Scholarship is a nationwide, need based, merit scholarship; each scholarship will help pay the unmet financial need of the recipient, up to $5,000 each semester.

  1. The scholarship disbursement amount will be determined each semester by HSF by using one-half of the prior year Total Cost of Attendance (COA) published by the National Center for Educational Statistics less $1,250; then subtracting the dollar amount of ALL scholarships, awards, grants, and tuition waivers received by recipient, and one-half of the recipient’s EFC.
  2. The scholarship award amount can be increased subsequent semesters to offset the expiration of other scholarships, awards, and grants.
  3. During the fall semester of the second year of college a $10,000 Schwab Scholar Account will be established for each scholarship recipient. See Schwab Account.
  4. During the fall semester of the third year of college each recipient achieving a 3.50 CGPA will be eligible for an all expense paid Study Abroad Award. See Study Abroad.
  5. During the fall semester of the fourth year of college after establishing a personal Schwab Brokerage Account each recipient will receive $1,000 to be used to start investing for their long term financial security. See Schwab Account.
  6. Each scholarship is renewable for up to seven additional semesters if the recipient fulfills the renewal criteria, attends the mandatory workshops, and fulfills their Schwab Account responsibilities.
  7. There is no limit to the number of credit hours a recipient can earn during the term of their scholarship. Recipients graduating college in less than four years can use the remainder of their Hagan Scholarship to attend graduate school, or a professional school.
  8. Recipients must attend a free mandatory workshop prior to the start of each academic year of college, travel and lodging costs are paid by HSF. See Workshops.
  9. Each recipient must work 240 hours in the twelve months prior to the start of each academic year of college and provide proof of employment.

Recipients of a scholarship will be selected on an objective and non-discriminatory basis, regardless of applicant’s race, creed, color, sexual orientation, religion, disability or sex.

                            Decisions made by HSF are final and not subject to appeal.                            
Terms and Conditions are subject to change without notice.