Description of Scholarship

The Hagan Scholarship provides up to $6,000 each semester for up to 8 consecutive semesters, workshops to learn important life skills not typically covered in the college curriculum, funds to purchase college essentials, an HSF Schwab Brokerage Account to manage, funds to study and travel abroad, and the opportunity to extend the Hagan Scholarship to obtain a graduate or profession degree.

  1. The disbursement amount each semester will be determined 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 will open a Personal Schwab Brokerage Account. After the account is opened HSF will deposit $100 in the account and provide each recipient with an HSF Schwab Brokerage Account to manage until graduation. HSF funds managed by each recipient will be $10,000 the second year, $15,000 the third year, and $20,000 the fourth year.
  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 of the third year in college.
  7. Recipients graduating college in fewer than four years can use the remaining term of the four year scholarship to attend graduate school.
  8. Recipients graduating college with a 3.75 GPA can apply to extend the scholarship for up to four additional semesters to obtain a graduate or professional degree receiving a fixed dollar amount of $6,000 each semester. Recipients must enroll in college as a full-time graduate or professional student the first semester following college graduation.
  9. Recipients must work 240 hours each year, from January 1 until commencement of the fall semester in college. Work can be performed at any time during this period of time at recipient discretion. Employment must be regularly scheduled work performed under supervision for compensation.
  10. There is no application fee or processing fee.

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.