What is a Last Dollar Grant?
For seniors who demonstrate financial need, the Crosby Scholars program offers need-based Last Dollar Grant scholarship assistance up to $1,000 a year to help finance a college education. Crosby Scholars who complete the Program their senior year with a cumulative GPA of 2.0 or higher are eligible to apply for a Last Dollar Grant for up to 4 years of undergraduate study.
To be considered for a Last Dollar Grant, a scholar must complete the Last Dollar Grant application in the Crosby Scholars portal by May 15th. Supporting documents must be uploaded by June 15th. Make sure to apply for financial aid by filing your a FAFSA. A scholar must demonstrate not only financial need, but also remaining financial need after their school of choice has awarded a financial aid package. To determine eligibility, the Crosby Scholars staff completes a need analysis for each scholar who applies.
How to Apply
- When logged into your student account in the Crosby portal, click the College Funding tab.
- Click the "Last Dollar Grant" button.
- Click the "Apply for Last Dollar Grant" button.
- Review the fields highlighted in gray.
- If anything is incorrect or blank, edit your information by scrolling down to the question that reads: "Is this information correct? If not, click here to edit your student profile." Click the link, and you will see your Profile page.
- Click "Edit This Info" at the top right of your profile. Please make sure that you enter information into every possible field, especially the College ID, College Email, and College Name fields. Then click Update. (If you aren't able to edit the student information, it may be because you are actually logged in as a Parent. You must be logged in as a student to edit this information. Contact our office if you do not know how to access your student account.)
- Go back to the Last Dollar Grant application using steps 1-3.
- Scroll to the bottom of the application and upload the supporting documents, if available. If you are waiting to receive documents from your institution, you should continue with the application since its due May 15th and upload these files later to the My Documents area of your portal, which are due by June 15th.
- Click Continue
- The next page contains the information that will be included in your application. Please read and make sure everything is correct. Scroll to the bottom and click Submit to complete the application.
- The next page will show a green status bar that says "Your application has been submitted successfully."
Three supporting documents must be uploaded to the application. These documents include:
- a copy of the scholar’s letter of admission from the institution he/she will attend,
- a copy of the FAFSA SAR - Student Aid Report (see sample), and
- a copy of the financial aid award letter received from the institution he/she will attend (see sample).
If the scholar does not have the supporting documents uploaded to the portal by May 15th, he/she must submit the application and then upload the supporting documents as soon as they are received. Priority is given to those complete applications received prior to June 15th. Contact our office with any questions: 704-762-3512 or firstname.lastname@example.org
Decision and Award Process
Scholars are notified of our decision by letter posted in their Crosby portal beginning in July. Awards are made payable to the scholar and the institution and are sent directly to the institution. The first half of the award is mailed after August 1 and is to be used for the fall semester. The second half of the award is mailed upon receipt of the scholar’s fall semester grades and is to be used for the spring semester. You are responsible for submitting your grades at the end of each semester. You do not have to submit an official college transcript. Submitting a copy of your grades printed from your college account is acceptable provided it includes your cumulative GPA.
A copy of your Last Dollar Grant application must be printed and mailed to the financial aid office at your school of choice. This copy gives the financial aid office permission to discuss an award with the Crosby Scholars staff.
Re-applying and Limitations
Even if a Last Dollar Grant is not awarded the first year, the scholar may still re-apply 3 times. A scholar who does not graduate from high school with a cumulative GPA of 2.0 or higher, may apply once his/her college cumulative GPA is 2.0 or higher.
Students must apply for Last Dollar Grant funding within two years of high school graduation. The Last Dollar Grant policy states that scholars are eligible for funding consideration for up to four years of undergraduate study within six years after high school graduation.