The Legislative Incentive for Future Excellence (LIFE) Scholarship is a merit-based scholarship program administered by the financial aid office at each eligible public and independent institution in South Carolina.
How do I get a life scholarship in SC?
Eligibility Requirements for Entering Freshman
- Have a 3.00 final high school grade point average based on the SC Uniform Grading Policy.
- Have a minimum SAT test score of 1100 on critical reading and math sections combined or ACT test score of 24.
- Have graduated in the top 30 percent of your high school graduating class.
How much does the SC Life Scholarship pay?
The South Carolina LIFE Scholarship is currently $5000 per year for a maximum of four years. LIFE Scholars in their second year and after may also be eligible for a $2500 Enhancement.
How many years can you receive life scholarship?
The awards may be received for up to four years (eight semesters) from the date that a student first enrolls as long as renewal requirements are met. The LIFE Scholarship may be earned after initial college enrollment.
Do you have to pay back life scholarship?
Under certain circumstances, if you withdraw or drop classes, you will be required to repay financial aid funds you received, including the LIFE Scholarship. This is necessary when the refund amount is insufficient to meet the financial aid fund recovery requirements.
How much is the SC HOPE Scholarship?
This $2,800 state scholarship is awarded for two semesters during your initial year of college enrollment. If you are awarded a HOPE Scholarship, your award will be included in your award notification after your final high school transcript has been received by the Office of Undergraduate Admissions.
How do you keep a life scholarship?
To keep the LIFE Scholarship, students must earn a cumulative 3.0 LIFE grade point average (GPA) and an average of 30 credit hours each academic year.
What scholarships are available in SC?
Scholarships & Grants for SC Residents
- Palmetto Fellows Scholarship – Additional Information.
- Math/Science Scholarship Enhancements.
- Palmetto Fellows Scholarship Regulations.
- Palmetto Fellows Scholarship Legislation.
- Year-Round Policy Guidelines (Summer Scholarship Award)
What is SC HOPE Scholarship?
The program is a merit-based scholarship created for students attending a four-year institution who do not qualify for the LIFE or Palmetto Fellows Scholarship. … The scholarship is awarded during the freshman year of attendance only.
How much is Palmetto LIFE scholarship?
Palmetto Fellows may receive up to $6,700 their freshman year and up to $7,500 for their sophomore, junior and senior years. Half of the Scholarship is awarded in the fall term and half in the spring term. The Scholarship must be applied directly toward the cost of attendance, less any other gift aid received.
Can you regain the life scholarship?
Also, a student who has lost eligibility may regain it in a subsequent award year. The LIFE Scholarship is awarded for one year and is renewable for subsequent years when eligibility requirements are met.
Will I lose my scholarship if I withdraw from a class?
Withdrawals from classes do not affect your GPA and thus will not affect your merit scholarship eligibility. … A bad semester could require you to attend beyond the maximum number of semesters for which you can receive scholarship assistance.
What is life GPA?
What is a LIFE GPA? “LIFE grade point average” shall be defined as the cumulative grade point average calculation that includes credit hours and grades earned at all eligible institutions based on a 4.0 scale.
Does a scholarship pay for everything?
What is a full ride scholarship? A full ride scholarship is an award that covers all expenses related with college. This includes tuition, books, fees, room and board, and possibly even living costs. The goal is to remove any need for additional financial aid.
What happens if I don’t use all my scholarship money?
What happens to leftover scholarship dollars. If you earned scholarships and grants that amount to more than your total cost of attendance, your school may send you a refund. Keep in mind, you may have to pay taxes on that amount.
Do scholarships count as income?
Scholarship money is generally tax free provided you are a candidate for a degree at an eligible institution and use the money to pay for qualified expenses. … The tuition and fees deduction has expired, but you may be eligible to deduct student loan interest from your taxable income.