Application now open for Hagan Scholarship 2021-2022 for Qualified Candidates.
Hagan Scholarship Overview
The Hagan Scholarship is a nationwide need-based merit scholarship for high achieving, self-motivated students. The scholarship provides up to $6,000 each semester to help recipients graduate college debt-free, up to $48,000 over eight consecutive semesters.
Hagan Scholars from 42 states currently attend 324 colleges and universities. Recipients must graduate from a public high school having fewer than 100 students in the high school graduating class; or will graduate from a public high school located in a county having fewer than 50,000 residents.
Recipients must enroll at a four-year college or university the first semester following high school graduation.
Scholarship benefits include Free Workshops, Schwab Accounts, and Study Abroad. Workshops provide recipients with a practical understanding of important life skills not typically taught as a part of the school curriculum.
Who is Dan Hagan?
The Grantor, Dan Hagan, is a self-made businessman. The Grantor attended four very small public schools located in rural counties that graduated a total of 114 students in 2020. The Grantor worked during high school and college and attended the University of Missouri without incurring debt.
Due to the high cost, many aspiring students attending public high schools located in rural counties and rural areas cannot afford a college education. The Grantor intends to help others in circumstances similar to those he experienced as a young man.
Purpose of the Hagan Scholarship
The Purpose of the Hagan Scholarship is to provide each recipient with the opportunity to obtain a four-year college education and graduate debt-free.
The Free Workshops, Schwab Brokerage Accounts and Study Abroad provide recipients with a practical understanding of important life skills not typically covered in the school curriculum.
Hagan Scholarship 2021-2022 Eligibility Requirements
1. Must be a U.S. Citizen.
2. Must attend an Eligible Public High School.
3. Must have achieved a 3.75 Cumulative Grade Point Average.
4. Must enroll at an Eligible Four-Year College or University the first semester following high school graduation.
5. Must work 240 hours during the twelve months prior to fall semester enrollment. Preferred employment is regularly scheduled non-family employment performed under supervision for compensation.
6. Must provide the FAFSA SAR showing the EFC. Must be Pell Grant eligible. The family EFC does not have to be paid, it is used only to determine award amounts.
7. Must apply for Federal and State grants if eligible.
8. Must not have a felony conviction.
The intended recipient of a Hagan Scholarship is a high-achieving student having clear goals in need of financial assistance to attend college.
If you meet the eligibility requirements apply for a scholarship. The award of a Hagan Scholarship has been life-changing for many recipients.
Must currently be in high school
For residents of the following states:
Canada, International, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, U.S. Virgin Islands, Puerto Rico, Guam
Type of institution award is open to: four-year college
- Award is available to U.S. citizens
- Application Requirements
- Application form required
- Transcript required
- Financial need analysis required
- Essay required
- Photograph required
- Driver’s license required
2021 Hagan Scholarship Application/ How to Apply
Hagan Scholarship Application (Link activated September 1, 2021. Deadline December 1, 2021)
Applicants must create a UN and PW to access the Application.
Applicants must attend an eligible public high school.
Six hundred more scholarships can be awarded in April 2022.
Hagan Scholarship Recipient Responsibilities
Part 1 of 3: General Responsibilities
1. Must live on campus the first semester of college unless a waiver is obtained from HSF.
2. Must join one campus organization during the first semester the freshman year.
3. Must maintain a four-year graduation schedule.
4. Must declare an academic major by the junior year of college.
5. Must meet ALL Submittal Deadlines Posted on the Portal Home Page.*
6. Must earn 14 GPA credit hours each fall semester.*
7. Must earn 30 GPA credit hours each fall and spring semester. *
8. Must achieve a 3.00 grade point average each semester.*
9. Must maintain a 3.25 cumulative grade point average after the first semester. *
10. Graduate students must earn 12 credit hours each semester to be eligible for HSF funding.*
11. Online courses are permitted only if the course IS NOT offered as a seated on-campus class and is a mandatory degree requirement. Online courses are limited to 6 credit hours each year.
12. Must attend the second and fourth-year Free Summer Workshops.
13. Must fulfill Schwab Account Responsibilities.
14. Must not incur non-educational debt in excess of $10,000 without HSF prior approval.
15. Must apply for eligible Federal, State and Institutional grants.
16. Must comply with HSF Policies, and must not act in a manner which brings discredit upon HSF, its Grantor, Trustee, employees, volunteers, scholarship recipients, colleges or universities or recipient.
* NO Exceptions
Part 2 of 3: Semester Submittals, Disbursements, Transcripts
Fall Semester Submittal Deadline September 20:
1. Confirmation of Four-Year Graduation Schedule*
2. Financial Aid Award Letter
4. Itemized Bill for the Total Cost of Attendance for the academic year
5. Current FAFSA Student Aid Report, all pages, must show EFC
6. List of Enrolled Courses and Scholarships Received*
7. Employment Report documenting 240 hours work*
8. Recipient’s Financial Statement*
9. Annual Progress Report* (second, third and fourth year recipients)
10. FERPA Agreement*
* Form provided
A Link to the Online Submittal Form will be emailed to recipients by September 1.
After September 20 award amounts will be determined and disbursed by November 1 to the recipient’s college or university. Until that time move forward as if you did not have a Hagan Scholarship. Disbursements can be used to repay educational loans.
1. School Confirmations
2. Financial Aid Award Letter
3. Itemized Bill for the Total Cost of Attendance for the academic year
4. List of Enrolled Courses and Scholarships Received*
5. Confirmation of membership in a campus organization* (first year only)
6. New FERPA Agreement*
7. Current Grade Transcript
* Form provided
A Link to the Online Submittal Form will be emailed to recipients by January 20. After February 15 award amounts will be determined and disbursed by April 1 to the recipient’s college or university.
Transcript Submittal Deadline June 15:
Recipients must provide a current Grade Transcript including spring semester information. A Transcript Link will be emailed to recipients by May 15.
Part 3 of 3: Email and Mailing Instructions
The Email Subject Line must first show recipient’s four-digit HSF Identification Number, then Last Name, comma, First Name, hyphen, subject matter.
Keep ALL emails for each subject matter in one chain, we will not search for related emails to answer questions. Send emails to firstname.lastname@example.org
USPS – Mailing Instructions:
The Return Address must first show recipient’s four digit HSF Identification Number, then Last Name, comma, First Name; followed by recipient’s First and Last Name, Current Address, City, State and Zip Code. DO NOT send mail requiring a signature.
Example of Return Address:
2345 Smith, John
324 Winding Road
Beaver Creek, CO 65392
Hagan Scholarship Foundation
PO Box 1225
What is Schwab Brokerage Accounts
Schwab Brokerage Accounts are an integral part of the Hagan Scholarship and are intended to provide recipients with the opportunity to learn “hands-on” how to invest to attain financial security.
SCHWAB Brokerage Account Particulars
1. Each second year recipient will be provided with a $15,000 Schwab Brokerage Account to manage until graduation in order to learn how to invest to attain financial security.
2. Each recipient will learn how to select and research common stock, write investment reports and purchase and sell stock.
3. After graduation from college and fulfillment of all recipient responsibilities, ALL stock appreciation and dividends in each recipient’s Schwab Brokerage Account (up to $10,000 per recipient) will be transferred to the recipient’s personal Schwab Account, see 4 below.
Recipients will not be responsible for any loss in their brokerage Account.
4. Each recipient must establish a personal Schwab Brokerage Account the fall semester of their fourth year of college in order to start planning, saving, and investing to attain financial security. After the personal accounts are established HSF will deposit $2,000 in each account.
The average holding period is 2.5 years. Average annual recipient returns have exceeded the S&P 500 Index by over 4% over the past 7 years.
All investments are in S&P 500 Index stocks that meet value investment criteria established by HSF. Each Schwab Account was funded with $10,000 until 2021; since then each Schwab Account has been funded with $15,000.
2015 Graduation Class (Inaugural Class, $10,000 Schwab Accounts)
1. Largest gain: $8,567
2. Average account return: 50%
3. S&P 500 Index return: 39%
2016 Graduation Class
1. Largest gain: $5,686
2. Average account return: 23%
3. S&P 500 Index return: 14%
2017 Graduation Class
1. Largest gain: $6,113
2. Average account return: 26%
3. S&P 500 Index return: 17%
2018 Graduation Class
1. Largest gain: $9,845
2. Average account return: 38%
3. S&P 500 Index return: 23%
2019 Graduation Class
1. Largest gain: $10,893
2. Average account return: 34%
3. S&P 500 Index return: 37%
2020 Graduation Class
1. Largest gain: $6,734
2. Average account return: 17%
3. S&P 500 Index return: 24%
2021 Graduation Class ($15,000 Schwab Accounts)
1. Largest gain: $29,943
2. Average account return: 60%
3. S&P 500 Index return: 52%
Q & A for Hagan Scholarship
How many scholarships are awarded?
Over 2,400 Hagan Scholarships have been awarded to date. Six hundred more scholarships can be awarded in April 2022.
What are my chances of being awarded a Hagan Scholarship?
About 50% of eligible applicants are awarded scholarships, the highest award percentage of any national scholarship. The award of a Hagan Scholarship has been life-changing for many recipients.
How much is the Hagan Scholarship worth?
1. Hagan Scholarship: Up to $48,000 over four years
2. Study Abroad: Up to $8,000
3. Investment Account Earnings: Up to $10,000
4. Personal Brokerage Account: $2,000
Total Potential Benefit: $68,000
How many colleges and universities are attended by Hagan Scholars?
This fall, Hagan Scholars will attend 409 colleges and universities.
Can I attend the college or university of my choice?
YES. Recipients can attend any traditional four year not-for-profit college or university accredited by one of six regional accreditors in the United States.
Can the Hagan Scholarship be used to attend Graduate School?
YES. Recipients graduating college in less than four years can use the remainder of their eight semester Hagan Scholarship to attend graduate school or a professional school. Graduate students must earn 12 GPA credit hours each semester to be eligible for HSF funding.
Can the Hagan Scholarship be used to Study Abroad?
NO. HSF will only fund study abroad using Study Abroad Awards; unless study abroad is a mandatory degree requirement and recipient obtains a waiver from HSF.
Online courses are permitted only if the course IS NOT offered as a seated on-campus class and is a mandatory degree requirement. Online credit hours are limited to 6 hours each year.
Is this a need-based or merit-based scholarship?
BOTH. Recipients must authenticate financial need in order to attend college. Then, recipients are selected based upon academic ability, achievement in and out of school, personal goals and future promise.
I have a conflict, can I be excused from attending the second and fourth year Mandatory Workshops?
NO. Workshop attendance is mandatory. You will have to decide which is more important to you, the conflict or Hagan Scholarship.
Will the Hagan Scholarship help pay personal expenses?
YES. Disbursement amounts are determined using the Total Cost of Attendance, which include room and board and personal expenses.
Can the Hagan Scholarship be used to attend a community college?
NO. Recipients must attend a four-year not-for-profit accredited college or university. Students can typically work and attend a community college without incurring substantial debt.
How is the dollar amount of each scholarship determined?
The dollar amount of each scholarship is determined by HSF according to Description, Paragraph 1. Recipients living at home or with family are not eligible for room and board disbursements.
Can I decline offered scholarships, awards, and grants to increase the Hagan Scholarship?
NO. Any such action will result in loss of the Hagan Scholarship.
Can the scholarship award amount be adjusted?
YES. The scholarship award amount will be adjusted each subsequent award year to offset the expiration or loss of other scholarships, awards, grants, and waivers and changes in the recipient’s EFC.
When are scholarship disbursements made?
Disbursements are made mid-semester after receipt and verification of recipient information.
Are my parents required to pay their EFC?
NO. The EFC is used to determine disbursement amounts only.
How do I maintain my eligibility for the scholarship?
Recipients must remain current with Recipient Responsibilities, fulfill Schwab Account and Study Abroad responsibilities and attend the free Mandatory Workshops.
When can I apply for a scholarship?
The Scholarship Application can be accessed on our website after September 1.
Can I add additional information after submitting my Scholarship Application?
NO. All information must be submitted with the Scholarship Application.
Can I add classes after my scholarship funds have been disbursed?
YES. Additional costs must be paid by the recipient.
Can I transfer my scholarship to another school?
YES. A scholarship recipient may transfer one time after the first academic year to another eligible college or university. First year recipients can change schools until enrollment.
What happens if I fail to comply with Recipient Responsibilities?
Failure to comply with Recipient Responsibilities will result in loss of the scholarship.
Why have workshops?
The mandatory workshops are intended to help recipients obtain a practical understanding of important life skills not typically covered in the school curriculum.
Why are recipients required to work?
The Grantor worked during high school and college and believes each scholarship recipient will personally benefit by contributing to the cost of his or her education.
Can work study be used to satisfy the work requirement?
YES. All regularly scheduled work performed under supervision for compensation can be used to satisfy the work requirement.
Why are the scholarships limited to public schools located in rural counties, and remote rural areas in larger counties?
The Grantor attended four small rural public schools.
Can home schooled students apply for a scholarship?
Why so particular about the Application Process?
1. To minimize administrative costs.
2. To see how well each applicant follows instructions.
Is there an application or processing fee?
There is no application or processing fee.
NOTE: 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.