Description of Scholarship

The Hagan Scholarship will provide each recipient with the opportunity to obtain a four-year college education and graduate debt-free. The scholarship will help pay the unmet financial need of the recipient, up to $6,000 each semester. Free Workshops, Free Schwab Brokerage Accounts and Free Study Abroad provide recipients with a practical understanding of important life skills not typically covered in the school curriculum.

  1. The 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 eight consecutive semesters if the recipient fulfills the scholarship criteria and mandatory workshop responsibilities.
  4. First year recipients will 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 be provided with $1,000 to establish a personal brokerage account, and will be 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 for one semester.
  7. Recipients graduating college in fewer than eight semesters can use the remainder of their Hagan Scholarship to attend graduate school. Full time graduate students receive $6,000 each semester. There is no limit on how many credit hours a recipient can earn.
  8. Recipients must work a 240 hours during the twelve months prior to fall semester college enrollment. Employment must be regularly scheduled work performed under supervision for compensation.
  9. 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.