The HOPE Scholarship Fund is an incentive-based forgivable loan program. HOPE stands for Helping to Optimize Potential Excellence, and HOPE loans are given to students who are identified as high achievers with financial challenges that limit their ability and potential to become academic scholars.
Their loans are forgiven and become grants as long as they achieve a specified grade point average. Our goal is to prepare our HOPE scholars for potential academic scholarships. Since the inception of the HOPE program, no recipient has been required to repay the scholarship.