2022 Last Dollar Scholarship Application

The Last Dollar Scholarship is a new scholarship opportunity for students who have already exhausted all other sources of financial aid. The scholarship will cover any remaining tuition and fees not covered by other financial aid sources, including grants, scholarships, and loans. The Last Dollar Scholarship is available to undergraduate students enrolled in at least six credit hours per semester at a participating school. The scholarship is renewable for up to four years (eight semesters) of full-time enrollment or until the student completes their undergraduate degree, whichever comes first. To be eligible for the Last Dollar Scholarship, students must: Be a U.S. citizen or eligible non-citizen Have filed a Free Application for Federal Student Aid (FAFSA) Be enrolled in an eligible degree program Meet Satisfactory Academic Progress requirements Not be in default on a federal student loan or owe a refund on a federal grant Have exhausted all other sources of financial aid.

What is the Last Dollar Scholarship?

The Last Dollar Scholarship is a need-based grant that covers the gap between the cost of attendance at a college or university and the student’s Expected Family Contribution (EFC). The EFC is the amount that the student’s family is expected to contribute to their education, as determined by the Free Application for Federal Student Aid (FAFSA). The Last Dollar Scholarship is awarded to students who demonstrate financial need and are enrolled in an eligible program at a participating school.

The Last Dollar Scholarship was created in response to the increasing cost of higher education. It is intended to help make college more affordable for low-income students and increase access to postsecondary education. The scholarship is funded by the State of Minnesota and is administered by the Minnesota Office of Higher Education.

To be eligible for the Last Dollar Scholarship, students must:

β€’ Be a Minnesota resident
β€’ Enroll in an eligible program at a participating school
β€’ Demonstrate financial need (as determined by the FAFSA)
β€’ Maintain satisfactory academic progress

Last Dollar Scholarships are awarded on a first-come, first-served basis. Funds are limited, so students are encouraged to apply early.

How to Qualify for the Last Dollar Scholarship

The Last Dollar Scholarship is a needs-based scholarship that provides supplemental financial assistance to eligible students attending participating schools. To qualify for the scholarship, students must:

1. Be a U.S. citizen or eligible non-citizen
2. Have financial need as determined by the Free Application for Federal Student Aid (FAFSA)
3. Be enrolled in an eligible program at a participating school
4. Meet Satisfactory Academic Progress (SAP) standards as defined by the school

What are the Benefits of the Last Dollar Scholarship?

The Last Dollar Scholarship is a need-based scholarship that covers the gap between the cost of attendance and other forms of financial aid. The scholarship is awarded to eligible students on a first-come, first-served basis.

The benefits of the Last Dollar Scholarship include:

The scholarship can cover the entire cost of attendance, including tuition, fees, books, and supplies.

The scholarship is awarded on a first-come, first-served basis, so it is important to apply as early as possible.

The scholarship can be used at any eligible institution of higher education in the state of Michigan.

The scholarship can be renewed for up to four years of undergraduate study, as long as the recipient continues to demonstrate financial need.

How to apply for the Last Dollar Scholarship

If you’re interested in applying for the Last Dollar Scholarship, there are a few things you need to know. The scholarship is open to any student who is enrolled in an accredited college or university in the United States. You must be a U.S. Citizen or Permanent Resident to apply.

To apply, you’ll need to fill out and submit a short online application. Be sure to include your contact information and educational background. You’ll also need to write a short essay on why you deserve the scholarship. Once your application is submitted, it will be reviewed by our team of experts.

If you’re selected as a recipient, we’ll notify you via email and send you a check for $1,000 that can be used towards your education expenses. We hope that this scholarship helps you reach your academic goals!

How to Use the Last Dollar Scholarship

Assuming you’re referring to the Last Dollar Scholarship in Michigan, here’s how it works:

The Last Dollar Scholarship is for Michigan residents who attend a participating Michigan college or university and have financial need. If you qualify, the state will cover your tuition and required fees after other forms of aid (including the Federal Pell Grant) are applied. You can use the scholarship at any eligible two- or four- year public or private nonprofit college or university in Michigan.

To be eligible, you must:

Be a Michigan resident
Be enrolled in an undergraduate program at a participating Michigan college or university
Demonstrate financial need
Not be in default on any student loans
Not owe a refund on any state or federal grants

If you think you might be eligible, the first step is to fill out the Free Application for Federal Student Aid (FAFSA). You can do this starting October 1 each year for the following school year. The FAFSA will help determine your eligibility for federal, state, and institutional aid. After you complete the FAFSA, your chosen school will send you a financial aid award letter that outlines what types of aid you’re eligible for. From there, you can apply for the Last Dollar Scholarship by completing the short application on the Michigan Department of Treasury website.

If you have any questions about whether you qualify or how to apply, reach out to your financial aid office or the Michigan Department of Treasury.

Last Dollar Scholarship Deadlines

1. Last Dollar Scholarship Deadlines

The last date to apply for a Last Dollar Scholarship is September 15. However, the FAFSA must be submitted by June 1 in order to be considered for the scholarship.

To be eligible for a Last Dollar Scholarship, students must:
– Submit the FAFSA by June 1
– Demonstrate financial need as determined by the FAFSA
– Be enrolled at least half-time in an eligible program of study at a participating Minnesota college or university during the academic year for which they are seeking funding
– Not owe a refund on a previous Minnesota State grant or scholarship, or have defaulted on a student loan made through or guaranteed by the state of Minnesota

Who is eligible for the Last Dollar Scholarship?

The Last Dollar Scholarship is available to any student attending an eligible college or university in the state of Michigan. To be eligible, students must:

-Be a Michigan resident
-Have financial need as determined by the Free Application for Federal Student Aid (FAFSA)
-Be enrolled in an eligible program of study at a participating college or university
-Meet all other eligibility requirements set by the Michigan Department of Treasury

When is the deadline to apply for the Last Dollar Scholarship?

The deadline to apply for the Last Dollar Scholarship is March 1st.

What are the requirements for the Last Dollar Scholarship?

The Last Dollar Scholarship is a need-based scholarship that covers the gap between the cost of attendance and other financial aid received by the student. To be eligible for the scholarship, students must:

-Be a U.S. citizen or eligible non-citizen
-Have financial need as determined by the Free Application for Federal Student Aid (FAFSA)
-Be enrolled in an eligible program of study at a participating school
-Meet Satisfactory Academic Progress (SAP) requirements
-Not be in default on a federal student loan or owe a refund on a federal grant
-Not have received a federal Pell Grant for more than one award year

What happens if I don’t meet the requirements for the Last Dollar Scholarship?

If you don’t meet the requirements for the Last Dollar Scholarship, you may still be eligible for other financial aid. You can contact the financial aid office at your school to find out what other options are available to you.

Conclusion

The Last Dollar Scholarship is a great way to help pay for college. If you are struggling to come up with the money for tuition, this scholarship can help you get the money you need. The application process is simple and straightforward, so be sure to apply today.

 

Click Here to Apply

Comments

  1. This scholarship will make sure students don’t drop out from schools for lack of funds. Good one.

  2. Amazing 🀩🀩🀩🀩🀩🀩🀩🀩🀩🀩

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