Last Dollar Scholarship

the 2015-16 application  process is OPEN

                                     Students can apply online here

And while we are no longer accepting new applications for 2014-15, students can still make changes/updates to an existing applications here

Please contact the Philadelphia Scholars office at 215-665-1400 x3333 or scholars@philaedfund.org if you have any questions.

 

 

WHAT IS THE LAST DOLLAR SCHOLARSHIP?

The Last Dollar Scholarship is a need-based "gap-filling" award. It is awarded when a family's expected family contribution (EFC) and financial aid package total are less than the cost of attendance; resulting in unmet financial need. Through the Philadelphia Education Fund, the Philadelphia Scholars Program administers Last Dollar Scholarships to high school graduates of our College Access Program and partner high schools who have a documented unmet need between $200 and $5,000 during an academic year.

WHO IS ELIGIBLE FOR THE LAST DOLLAR SCHOLARSHIP?

 Graduating high school seniors who actively participate in The Philadelphia Education Fund College Access Program within one of the following schools are eligible to apply:

  • Bartram High School
  • Kensington Creative & Performing Arts High School
  • Olney Charter High School
  • Paul Robeson High School
  • Roxborough High School

Graduating high school seniors at the partner schools listed below are able to apply and receive information from their guidance counselor and may be eligible to receive scholarship money contingent on available funding:

  • Thomas A. Edison High School
  • Benjamin Franklin High School
  • Kensington Health Sciences Academy
  • Kensington International Business/Finance & Entrepreneurial High School
  • Lankenau High School
  • Mastery Charter at Simon Gratz High School
  • Northeast High School
  • Parkway West High School
  • William L. Sayre High School
  • Strawberry Mansion High School
  • West Philadelphia High School

*There are no on-site College Access Coordinators at these schools. However, students from these schools may receive funding through donor designation (contingent upon available funding).

 

DEADLINE

The 2015-2016 Last Dollar Scholarship application is now open. Applications will be accepted until all funds are allotted.. Scholarships are awarded on a first come, first served basis. Supporting documents may be forwarded at a later date if necessary. Scholarship decisions will not be made until your application and all supporting documents are received and complete.

ELIGIBLE COLLEGES & UNIVERSITIES

The Last Dollar Scholarship can be applied to any college or university that is accredited by traditional agencies such as Middle States Association, the New England Association, the Western Association, etc.  (Non-traditional institutions that offer careers in nursing, vocational-technical, automotive mechanics, etc., are not eligible for the scholarship).

AWARD AMOUNTS

Scholarships are determined by subtracting the Expected Family Contribution (EFC) and Financial Aid package from your college’s total Cost of Attendance. Annual award amounts will range from $200 to $5,000 depending on need

Students can only receive Last Dollar Scholarships if they have unmet financial need, which the Philadelphia Scholars determines by using the above formula.  If a student does not demonstrate unmet need, then he/she will be ineligible for the Last Dollar Scholarship.

MAINTAINING THE SCHOLARSHIP

  • First year students are required to participate in freshman orientation (The First Year Experience) and attend two workshops during the course of the academic year. First year students can also elect to receive a mentor as a part of the Philadelphia Scholars Mentoring Program. Mentoring program participants will be excused from attending the general workshop sessions, however they are required to fulfill the terms of their mentoring agreement.
  • Students must have a documented unmet need that is within $200 - $5,000.
  • Students must be enrolled full-time (12 or more credits per semester) pursuing an Associate's or Bachelor's degree from an accredited institution.
  • Students are required to participate in ten (10) hours of community service each academic year that they reapply for the scholarship.
  • Scholarships can be renewed for a maximum of 6 consecutive years of undergraduate study only. Students must reapply each year.
  • All students are required to maintain good academic standing as determined by their individual institution.

IMPORTANT DATES

  • TBA – New Student Orientation
    (Required for all new scholarship recipients)

NEXT STEPS

  • 2015-2016 Last Dollar Scholarship applications are now being accepted.
  • Step 1: Complete and submit application online
  • Step 2: Submit Required Documents
  • Transcript: A copy of your transcript that reflects the most recent academic period from your respective college/ university or high school
  • Financial Aid Award Letter from college/university
  • Proof of Expected Family Contribution: A copy of the first page of your Student Aid Report (SAR) (may be obtained via FAFSA website)
  • Students must submit a signed letter on the letterhead of the organization/company verifying the completion of the required 10 hours of community service (Returning Students only)
  • Supporting documents should be uploaded as part of the online application. If the applicant does not have access to a scanner to do this, please contact Tia Hall by emailing scholars@philaedfund.org to make other arrangements.

    Please contact Scholars staff below for any additional questions:

    Tia Hall
    Program Manager
    215-665-1400 x3333
    scholars@philaedfund.org