State Of Indiana Aid Programs
Indiana residents who attend UE may be eligible for either the Frank O’Bannon Freedom of Choice award or the Twenty-first Century Scholarship. Eligibility for both requires full-time enrollment, annual completion of the FAFSA by March 10, clearing of all state FAFSA problems (“edits”) by May 15, and continued Indiana residency for both the student and parents of dependent students. State aid may be used for a maximum of eight semesters, including all colleges attended. All information below applies to students first using state grants in the fall of 2013 or after. Students who used state aid prior to fall 2013 are not subject to the credit completion requirements below and may renew aid by achieving Satisfactory Academic Progress. Visit the Indiana Division of Student Financial Aid (SFA) website at www.in.gov/sfa/ to view information about these programs and to create your personal eStudent account, which allows you to monitor your state aid record.
Frank O’bannon Freedom Of Choice Award
Students must demonstrate financial need annually, as defined by SFA. Students who complete high school with the Indiana Academic Honors/ Technical Honors Diploma or have an associate’s degree will receive an award of higher value. Students must earn a cumulative college GPA of at least 3.0 to continue to receive this incentive in subsequent years. An additional “accelerated” incentive is available for your second/third year of college if you earn at 39/78 credit hours by the end of your first/second year. No accelerated incentive is available after the third year. Renewal of the award requires students to complete at least 24 credit hours by the end of the first year in college, 48 credit hours by the end of the second year in college, and 72 credit hours by the end of the third year in college. Students who fail to successfully complete at least 24/48/72 credit hours during the appropriate timeframe, will not be eligible for this award. Credits successfully completed during high school, such as dual and AP credits, count toward a student’s completion requirement, as do credits earned during the summer. The state financial aid program also awards incentive bonuses for your academic performance. You may be eligible for an increased base award amount if you complete at least 30/60/90 credit hours by the end of your first/second/third year in college.
Twenty-first Century Scholarship
Initial eligibility determination and enrollment in this program is only available during middle school. Twenty-first Century Scholars do NOT receive full-tuition at private colleges, such as UE, as is available for enrollment in a public college. However, a rather generous award is still available. The award amount is determined annually by SFA and will appear on the student’s Financial Aid Notification, if the student is eligible. The renewal of the Twenty-first Century Scholarship requires students to complete at least 30 credit hours by the end of the first year in college, 60 credit hours by the end of the second year in college, and 90 credit hours by the end of the third year in college. Credits successfully completed during high school, such as dual and AP credits, count toward the total completion requirement. If a student fails to successfully complete 30/60/90 credit hours but completes at least 24/48/72 credit hours within the appropriate timeframe, the student may be eligible for the Frank O’Bannon Freedom of Choice award, in place of the Twenty-first Century Scholarship.