A grant is a form of financial assistance that does not need to be repaid ("free money"). Grants are made available to those with certain levels of financial need or who meet other requirements. Generally a FAFSA form is required to determine eligibility.
The Federal Pell Grant is need-based, taking into account the expected family contribution (EFC) which is the result of the FAFSA Application you complete annually. This is a grant program which does NOT require repayment.
We will always check to see if you are eligible for this grant when putting together financial aid packages. For the 2017-18 school year the maximum award for a full-time student with a zero EFC is $5,920. As the EFC increases the grant decreases incrementally. Those with an EFC of $5,329 and higher are not eligible for any amount of the grant. Not all students will qualify for this grant.
The annual minimum and maximum can vary from year to year. You are eligible if you meet the EFC range requirements, are an undergraduate student, have not exceeded your maximum 600% of eligibility and do NOT have a baccalaureate or professional degree.
Indiana's Division of Student Financial Aid (SFA) determines eligibility for the Frank O'Bannon Grant (Higher Education and Freedom of Choice) and Twenty–First Century Scholarship. The Free Application for Federal Student Aid (FAFSA)Opens in new window is required to apply.
Below are the general eligibility requirements for all full–time state grants/scholarships:
- Must be an Indiana residentOpens in new window by December 31st the year prior to applying for aid (i.e. December 31, 2015 for the 2016-2017 school year)
- Must remain a resident throughout academic year
- Must be a U.S. Citizen or eligible noncitizen
- Must be a high school graduate or hold a GED
- Must attend, or plan to attend, an eligible postsecondary institution
- Must be enrolled, or plan to enroll, in a course of study leading to an associates or first bachelor's degree, or a certificate at select institutions
- Must be a full-time student, or plan to enroll as a full-time student
- Must abide by credit completion requirementsOpens in new window each academic year to renew maximum award
- Must file the FAFSAOpens in new window by March 10 prior to the academic year of intended enrollment and make any necessary corrections by May 15
State grant amounts are determined annually and made available during the summer months to students. Once they become available, award amounts can be found on the ScholarTrackOpens in new window website.
The award eligibility period is limited to eight semesters. A student must be full–time on the census date which is 4 weeks into the semester. If a student has dropped below full–time, awards are cancelled. Any resulting account balance must then be paid.
This is a campus based grant program in which funds are awarded by the institution and may be included as part of your need based aid award. Repayment is not required.
To be eligible you have to fill out the FAFSAOpens in new window annually. There is a $100 minimum and a $4000 maximum with no aggregate lifetime limit.
You are eligible for consideration if you are an undergraduate student and you do NOT have a baccalaureate or professional degree. Note: Funds are limited and first priority is given to Federal Pell Grant recipients with "exceptional financial need" as defined by law.