Last Dollar Scholarship
Up until this point, you’ve done everything right-- filled out your college applications early, applied for scholarships often, submitted your FAFSA as soon as possible-– but still, college is beyond your reach. A last dollar scholarship may be just what you need to cover those minor expenses. These "last dollars" are intended to fill the gap between students' awarded financial aid and the real costs of college, such as computers, books, supplies, room and board, travel, and even graduation expenses. A last dollar scholarship is awarded to a student whose official Expected Family Contribution (EFC) as noted on their FAFSA Student Aid Report plus their other financial aid packages total up to less than the cost of their tuition and fees. Last dollar scholarships vary greatly from state to state and can even be the determining factor, in some cases, as to whether a student will attend college or not.
If college is just an arm’s length away, don’t panic; there are countless options available to fund your education. Below are just some of the last dollar scholarship awards available to high school and college students. You can find more information on these and other awards by completing a profile and conducting a free college scholarship search on Scholarships.com.