The Last Dollar Grant application and instructions on how to complete the application will be posted in your Crosby portal in the spring. Read these instructions before starting your LDG application. The LDG application deadline is May 15.
The Crosby Scholars Last Dollar Grant is need-based financial aid. A scholar must apply for financial aid by submitting a FAFSA to be considered for a Last Dollar Grant. A scholar must demonstrate not only financial need but also remaining need after the school of choice has awarded aid. To determine the eligibility, the Crosby Scholars staff completes a need analysis form on each scholar individually.
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 financial aid award letter from the institution he/she will attend, and
- a copy of pages 1 and 2 of the SAR- Student Aid Report
If the scholar does not have the three supporting documents by May 15, he/she must submit the application and then upload the supporting documents when they are received. Priority is given to those applications received prior to May 15.
Scholars are notified of our decision by letter posted in their Crosby portal beginning in July. An award is made payable to the institution and is sent directly to the institution to be credited to the scholar’s account. 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.
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. Even if a Last Dollar Grant is not awarded the first year, the scholar may still reapply 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 studies within six years after high school graduation.