The Georgia Student Finance Commission has a variety of grants, loans and scholarships to help residents with the cost of a higher education. To renew the scholarship each year, students must maintain specific academic requirements which are detailed in the award letter.Foundation Fellowship. How to apply for Georgia scholarships. One of the first steps is to fill out the Free Application for Federal Student Aid (FAFSA). There is a deadline to accept and complete the additional requirements, so be on the lookout for those emails. The Scholarship application will close on July 1. The Georgia Military College (GMC) State Service Scholarship Loan Program was created to provide outstanding students with a full two-year scholarship loan. An email will be sent out once the scholarship awarding process is complete and scholarship offers will be reflected on the UGA Application and Status Page. Need help completing your FAFSA?