Indiana Financial Aid
Information & Changes
Division of Student Financial Aid (SFA)
Indiana Commission for Higher Education
State Financial Aid Programs
Need-Based Awards & Programs
• Frank O’Bannon
– Higher Education Award
– Freedom of Choice Award
• 21st Century Scholars Program
• EARN Indiana
State Financial Aid Programs
Non Need-Based Award
• National Guard Supplemental Grant
• Child of Veteran and Public Safety Officer
Supplemental Grant Programs
• Mitch Daniels Early Graduation Scholarship
• Student Teaching Stipends
• Minority Teacher Scholarship
Frank O’Bannon Award
• Higher Education Award & Freedom of Choice
• The applicant must:
– Be an Indiana resident by December 31, 2013
– Be a US Citizen or eligible noncitizen
– Be a high school graduate or hold a GED
– Attend an eligible Indiana institution
– Be a full-time student
– File a clean, on-time FAFSA
Frank O’Bannon Award
• Award Renewal
– File a clean, on-time FAFSA each year
– Meet the Satisfactory Academic Progress (SAP)
requirements as outlined by the college
– Successfully complete 24-48-72 credit hours
– Demonstrate financial need
– Additional aid available to students who complete
30-60-90 credit hours; achieve a cumulative GPA
of at least 3.0; earn an associate degree or
complete credits on an accelerate schedule
Example Base Awards
Expected Family Contribution
$0
Institution
$1 to
$500
$501 to
$1,000
$1,001 to
$1,500
On-Time
$3,300 $2,800
$2,300
$1,800
Full-Time
$2,600 $2,200
$1,800
$1,400
On-Time
$2,700 $2,200
$1,700
$1,200
Full-Time
$2,200 $1,800
$1,400
$1,000
Public
Ivy Tech or
Proprietary
CHIPS & “Academic Honors” Incentive
• Report students on track to earn Academic
Honor and Technical Honor Diplomas
• DO NOT report Core 40 diploma recipients
• February 28, 2014: Deadline for INITIAL
reporting of diploma type
• June 13, 2014: Deadline for FINAL updates
• ahdc40@che.in.gov
Academic Honors Incentive
• Students who earned an Academic or
Technical Honors diploma in high school
receive incentive for first year of college
• Students must earn a cumulative GPA of at
least 3.0 to receive incentive in second, third
and fourth years of college
Associate Degree Incentive
• Student receives Associate Degree from
eligible Indiana institution
• Student then enrolls in baccalaureate program
• Student qualifies for Frank O’Bannon award
Accelerated Schedule Incentive
• Available to student in second year if student
completes at least 39 credit hours by end of
first year
• Available in third year if student completes at
least 48 credit hours by end of second year
21st Century Scholars Program
• 7th and 8th graders may enroll by June 30
• Student’s household must have annual income of
not more than amount required to qualify for
federal free or reduced price lunches
• REMEMBER
– Must matriculate to college within 1 year of high
school graduation
– Must file a FAFSA each year
– Eligibility requirements from Frank O’Bannon award
also apply to 21st Century Scholars Program
21st Century Scholars Program
• Award Renewal
– File a clean, on-time FAFSA each year
– Meet the Satisfactory Academic Progress (SAP)
requirements as outlined by the college
– Successfully complete 30-60-90 credit hours
EARN Indiana
• Employment Aid Readiness Network
• Gives students with financial need access to
résumé-building, experiential, paid positions
• Provides employers up to 50 percent wage
match for hiring EARN students
• Enhances student-employer matching through
partnership with Indiana INTERNnet
National Guard Supplemental Grant
•
•
•
•
100% of tuition and regularly assessed fees
Public institutions only
Certified by Guard Unit each semester
Student must be in active drilling status,
cannot have been AWOL during prior year
• Must file FAFSA by March 10 and complete
required National Guard paperwork
Child of Veteran and Public Safety
Officer Supplemental Grant Programs
•
•
•
•
100% of tuition and regularly assessed fees
Public institutions only
Eligible children of disabled Indiana veterans
Eligible children of National Guard members
killed while serving on state active duty
• Eligible children of Indiana public safety
officers killed in the line of duty
Mitch Daniels Early Graduation
Scholarship
• $4,000 scholarship to be applied toward tuition and
regularly assessed fees, balance remitted to
scholarship recipient
• To qualify, students must:
– Be an Indiana resident
– Meet all requirements to graduate from a publiclysupported high school at the end of the 11th grade by July
1, 2014
– Enroll in an eligible Indiana institution within 5 months of
high school graduation
– File the FAFSA by the deadline (November 15, 2014)
– Submit application by the deadline (September 4, 2014)
Student Teaching Stipends
• Student Teaching Stipend for Minorities
• Students Student Teaching Stipend for HighNeeds Fields
• Student must show at the time of application
that he or she will engage in student teaching
during the academic term
Minority Teacher Scholarship
• An individual is eligible if he or she:
– Is a minority student;
– Is a full-time student at an eligible institution;
– Intends to pursue a course of study that would
enable the student, upon graduation, to teach in
an accredited school in Indiana;
– Agrees in writing to apply for a teaching position
in an accredited school in Indiana following
teacher certification and, if hired, to teach for at
least 3 years
Professional Degree
• Four or five year postsecondary school course of
study
• Student may be admitted without an
undergraduate degree
• Leads to degree that is not undergraduate or
graduate degree as determined by Commission
• Prepares holder of degree for a profession
• Examples: Physical Therapy, Veterinary,
Pharmacy, Optometry
Eight-Year Rule
• Awards are only renewable, if otherwise
eligible, for eight years
• “After date the individual first applies after
July 1, 2011 and becomes eligible for benefits”
• SFA has defined as when student first starts
taking classes
FAFSA
• RECEIVED by the federal processor between
January 1, 2014 and March 10, 2014
• Corrections received by May 15, 2014
• REMEMBER
– Students must file the CORRECT year’s FAFSA
– Students should file a FAFSA each year by March 10
even if they are not sure whether they will be
attending college
– FAFSA may be filed with estimated tax information in
order to meet March 10 deadline
More Information
• Website: www.in.gov/che
– Click the “Division of Student Financial Aid” link
• Email: ahdc40@che.in.gov
• Phone: 1.888.528.4719
• Fax: 317.232.3260