STEP awards last dollar scholarships to eligible first-time, full-time students attending Southwest Tennessee Community College or the Tennessee Technology Center at Memphis; state-funded post-secondary institutions of Memphis and Shelby County. Scholarship applicants must complete and submit the Free Application for Federal Student Aid (FAFSA) annually. A last dollar scholarship is granted when the student’s official Expected Family Contribution (EFC), indicated on the Student Aid Report (SAR), and financial aid package total are less than the cost of attendance. In other words, last dollar scholarships are awarded to students with unmet financial need.