Description of Scholarship

The Hagan Scholarship will help pay the unmet financial need of the recipient, up to $6,000 each semester for up to 8 consecutive semesters.

  1. The disbursement amount for each semester will be determined by HSF by taking one-half of the Total Cost of Attendance for the academic year; then, deducting one-half of the total dollar amount of ALL scholarships, awards, grants and waivers received for the academic year and one-half of the recipient’s EFC. Parents are not required to pay the EFC; the EFC is used only to determine the disbursement amount.
  2. The award amount will be adjusted each subsequent academic year to offset the expiration or loss of other scholarships, awards, grants, waivers, and changes in the recipient’s EFC.
  3. During the fall semester of the second year of college a $15,000 Schwab Brokerage Account will be established for each scholarship recipient to manage, in order to learn how to invest to provide for their financial security.
  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 and Travel Abroad Award, up to $8,000.
  5. During the fall semester of the fourth year of college after establishing a personal Schwab Brokerage Account each recipient will receive $2,000 to be used to start investing for their long-term financial security.
  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. Second and Fourth-Year Recipients must attend a free mandatory workshop prior to the start of the academic year of college; travel and lodging costs are paid by HSF.
  9. Each recipient must contribute toward the cost of their education by working 240 hours during 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.