Frequently Asked Questions
1. How do I apply for a Lincoln-Lane Foundation Scholarship?
Download and submit an application by November 15 following the guidelines on the "To Apply" page of our website.
2. What is an SAI (Student Aid Index)?
FAFSA assigns each student a Student Aid Index based on the information submitted. You will receive your SAI in an email containing your FAFSA Submission Summary Please forward this email to us at lincolnlane1@gmail.com.
3. When is the deadline for submitting an application?
New applications must be postmarked by November 15. Send all applications via regular U.S. mail. Do not submit using certified mail, special delivery via UPS or FedEx, or in-person delivery to our office.
Renewal applications are due on November 1 and are submitted electronically
.
4. Who is eligible for a scholarship?
Scholarships are available to residents of Tidewater Virginia who are planning to attend (or who are currently attending) a four-year college or university in the United States and who demonstrate academic success and financial need.
5. How is financial need determined?
We consider the number of individuals in the household, number of family members in college, family income, cost of attendance at the applicant’s college of choice, and the Student Aid Index.
6. What other criteria are used in selecting scholarship recipients?
We consider academic ability, concern for school and community through extracurricular activities and volunteer service. We also consider life experience as demonstrated by voluntary or paid work experience.
7. When will I be notified whether I have received a scholarship?
In mid-April, we notify students of the tentative scholarship amount approved by the Board of Directors. Final awards will be determined after students submit college award letters and official cost of attendance. We will notify students at that time if there is a change in the award.
8. What expenses can the scholarship pay?
Scholarship funds can cover direct educational expenses charged to the student by the college or university including tuition and fees, room and board, books, and mandatory fees.
9. Will I receive a check for my scholarship?
No, scholarship funds are paid directly to the educational institution. Spring tuition checks are sent after receipt of the student's fall transcript, and fall tuition checks are sent after receipt of spring transcripts, college award letters, and official costs of attendance.