The Hagan Scholarship provides up to $7,500 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 in order to learn how to invest, funds to study and travel abroad, and the opportunity to apply for a Hagan Graduate Scholarship good for up to four additional semesters in college.

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, institution provided work-study, and one-half of the recipient’s FAFSA SAI. The SAI 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, institution provided work-study, and changes in the recipient’s SAI.
3. The Hagan Scholarship is renewable for up to seven additional consecutive semesters if the recipient fulfills the scholarship criteria and mandatory workshop responsibilities. Funding of the Hagan Scholarship will cease upon graduation from college or after earning 140 credit hours, whichever first occurs. In such event, recipients will continue managing their HSF Schwab Account and fulfill all other scholarship criteria until their Award Year Class graduates college. To receive funding after graduation or after earning 140 credit hours, recipients must apply for and be awarded a Hagan Graduate Scholarship.
4. First year recipients will receive $2,000 after being awarded a Hagan Scholarship in order to purchase essential items for college not covered by the scholarship; items such as a computer, printer, cell phone, clothing, school 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 who will graduate college while in the Hagan Scholarship Program can apply for a Hagan Graduate Scholarship the semester prior to graduation, good for up to four additional consecutive semesters to attend graduate school or a professional school receiving up to $7,500 each semester. Recipients must enroll in college as a full-time graduate student no later than the fall semester following the Award of a Hagan Graduate Scholarship.
8. Recipients must work 240 hours from January 1 each year until commencement of the fall semester in college. Work can be full-time employment during the summer, part-time work, or a combination of the two. 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.  

• Must attend a public, private, charter, magnet, or STEM high school located in the United States.
• Must be fluent in the English language.
• Must be in the high school graduating class.
• Must have achieved a 3.50 Cumulative Grade Point Average.
• Must enroll in an eligible four-year or higher not-for-profit College or University the first fall semester following high school graduation. The Hagan Scholarship cannot be used to attend a community college or online institution.
• Must maintain a four-year or less graduation schedule in college, or complete the equivalent of a four-year degree if in a professional program.
• Must work 240 hours from January 1, 2025, until September 1, 2025. Work must be regularly scheduled employment performed under supervision for compensation. Employment can be full-time or part-time, or a combination of the two.
• Applicant’s Adjusted Gross Household Income reported for 2023 Federal Income Tax Purposes must not have exceeded $100,000. “Household Income” is defined as the total income received by all members of a household living under the same roof.
• Applicants selected as Finalists must provide the first two pages of their FAFSA Submission Summary (FSS) showing their Student Aid Index (SAI).
• Must apply for Federal and State grants if eligible.
• Must not have a felony conviction.

The intended recipient is a high-achieving, goal-driven student having substantial financial need.