The Scholarship Fund of Alexandria

Renewals

Who Can Apply for Renewal (based on original scholarship received):

  • Recipients of a financial need-based scholarship, if you demonstrate financial need.
  • Recipients of a merit-based scholarship, if you demonstrate financial need.
  • Recipients of a merit-based scholarship that is renewable.

Renewal Eligibility (contact SFA with questions):

  • Must have at least a 2.5 cumulative GPA.
  • Must have completed a minimum of 30 earned credit hours for the year or be on track to graduate within 4 years.

How to determine if you "demonstrate financial need":


Review the financial aid being offered to you by your school and your Estimated Family Contribution (EFC) from your Student Aid Report (SAR) from FAFSA. To determine "financial need" we use the following calculation: a) cost of attendance for your university minus b) grants and scholarships from the school as well as from the state and federal government, c) outside scholarships you receive, and d) your parents' EFC from the FAFSA. A recipient cannot be over-awarded, that is receive more money than the cost of attendance. Please review the example below and contact SFA with any questions:

 

Original scholarship amount: up to $3,000

  • University cost of attendance:                         $66,512
  • minus school, state, and federal grants:        $58,718
  • minus outside scholarships:                           $0
  • minus EFC (from the SAR):                           $6,498

=$1,296 of financial need. Therefore, SFA can only award this recipient $1,296 of the $3,000 for which s/he is eligible.

 

If you're applying to receive a financial need-based renewal scholarship, remember that you will need to submit the following documentation:

  • 2017-18 Student Aid Report (SAR) from FAFSA
  • Cumulative Transcript to show adequate yearly progress with cumulative GPA and total number of earned credits. This can be unofficial and downloaded from your school portal. Must submit all transcripts from schools attended in 2016-17.
  • 2017-18 Financial Aid Award Summary from your school (ask for this starting in May!)
  • 2017-18 Cost of Attendance - this is a breakdown of the direct and indirect costs of attending your school.  It states what that costs are for housing, tuition, transportation, books, etc. (Sometimes, your school will list your cost of attendance on your aid award summary. If that is the case, then you do not need to submit it separately).
  • Completed W-9 form (in box 3, you are an individual), find herehttps://www.irs.gov/pub/irs-pdf/fw9.pdf
  • Copy of state-issued identification

If your renewable scholarship was merit-based only, you will only need to submit the transcript. If you can't remember which scholarship you received or if it was financial need or merit-based, email us and we can let you know!

 

Please call (703-824-6730) or e-mail ( This e-mail address is being protected from spam bots, you need JavaScript enabled to view it ) if you have any questions.