Description of Scholarship

The Hagan Scholarship provides up to $48,000 to attend college over four years, a $1,000 Personal Schwab Brokerage Account, a $20,000 HSF Schwab Account to manage until graduation with all gains up to $10,000 going to the recipient, and up to $8,000 to study abroad during the second semester of the third year of college or during the summer after the third year of college,

  1. The undergraduate disbursement amount will be determined each semester by HSF by taking the Total Cost of Attendance including tuition, fees, room, board, books, supplies, personal and transportation costs; then, deducting the total dollar amount of ALL scholarships, awards, grants, waivers and one-half of the recipient’s EFC. The EFC does not have to be paid; it is used only to determine the disbursement amount.
  2. The disbursement amount will be adjusted each semester to offset the expiration or loss of other scholarships, awards, grants, waivers, and changes in the recipient’s EFC.
  3. The scholarship is renewable for up to seven additional consecutive semesters if the recipient fulfills the scholarship criteria and mandatory workshop responsibilities. There is no limit to the number of credit hours that can be earned.
  4. First year recipients receive $1,000 prior to college enrollment to purchase essential items for college not covered by the scholarship; items such as a computer, cell phone, clothing, office supplies, and bedding.
  5. Second year recipients are provided with $1,000 to establish a personal brokerage account and provided with a $20,000 HSF brokerage account to manage until graduation, in order to learn first-hand how to invest to achieve financial security.
  6. Third year recipients who have achieved a 3.50 CGPA are eligible for an all-expense paid study and travel abroad experience worth up to $8,000 or the funds can be used to study abroad the second semester.
  7. Recipients who graduate college with a 3.75 GPA can apply for a $24,000 graduate scholarship for up to four additional consecutive semesters to attend graduate school or a professional school receiving $6,000 each semester. Recipients must enroll in college as a full-time graduate or professional student the first semester following college graduation.
  8. Must work 240 hours each year, from January 1 until commencement of the fall semester in college. Employment must be regularly scheduled work performed under supervision for compensation.
  9. There is no application fee or processing fee.

Hagan Scholars who graduate college in fewer than four years with a 3.25 or higher CGPA can use the remaining term of their four year scholarship to attend graduate school receiving $6,000 each semester. Hagan Scholars who graduate college with a 3.75 CGPA are eligible to apply for a two-year extension of their Hagan Scholarship to attend graduate school receiving $6,000 each semester. It is possible for a Hagan Scholar to graduate college with a professional degree debt-free.

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.