Last Dollar Scholarship: Eligibility For Last Dollar Scholarships

After utilizing all other types of financial assistance, institutions give students a last dollar scholarship.

Essentially, it covers the remaining tuition and fees not accounted for by federal, state, and institutional aid.

last dollar scholarship

Last Dollar Scholarship

The last dollar scholarship steps in to cover the remaining tuition and fees after considering federal, state, and institutional aid.

Numerous last dollar scholarships exist at both state and national levels. Some of the most renowned ones comprise:

  • The Gates Cambridge Scholarship caters to students globally, providing the opportunity to study at the University of Cambridge in the UK. This scholarship encompasses complete tuition coverage, living expenses, and travel costs.
  • The Rhodes Scholarship benefits students from the US, Canada, and the UK, enabling them to study at Oxford University in the UK. It ensures full tuition coverage, living expenses, and travel costs.
  • The Marshall Scholarship, exclusively for US students, supports studying at any UK university. This scholarship comprehensively covers tuition, living expenses, and travel costs.


Last Dollar Scholarship In Pennsylvania

Pennsylvania offers several last dollar scholarships for students. One such scholarship is the Philadelphia Education Fund’s Last Dollar Scholarship.

They grant this scholarship to graduates of the Philadelphia Education Fund’s College Access Program and partner high schools.

These recipients must be attending a 2- or 4-year non-profit college on a full-time basis. The scholarship amount varies from $200 to $7,500.

Another Pennsylvania last dollar scholarship is the Future Ready Iowa Last-Dollar Scholarship.

This award targets eligible Iowa residents enrolled in specific high-demand career and technical programs at DMACC.

The scholarship takes care of any remaining tuition expenses not covered by other federal and state grants or scholarships.


Utilizing last dollar scholarships presents an effective means of aiding students in college expenses.

If you’re a student seeking financial support, take the initiative to explore potential availability of last dollar scholarships tailored to your situation.

To be eligible for a last dollar scholarship, students must typically meet the following requirements:

  1. Be a US citizen or permanent resident
  2. Have a high school diploma or equivalent
  3. Be enrolled full-time in a degree-seeking program
  4. Have a demonstrated financial need
  5. Submit a FAFSA application
  6. Meet other specific requirements of the scholarship