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State Financial Aid Programs

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 21 st Century Scholars Program

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State Financial Aid Programs

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  1. Indiana Financial Aid Information & Changes Division of Student Financial Aid (SFA)Indiana Commission for Higher Education

  2. State Financial Aid Programs Need-Based Awards & Programs • Frank O’Bannon • Higher Education Award • Freedom of Choice Award • 21st Century Scholars Program • EARN Indiana

  3. 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

  4. 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

  5. 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

  6. DRAFT

  7. 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

  8. 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

  9. Associate Degree Incentive • Student receives Associate Degree from eligible Indiana institution • Student then enrolls in baccalaureate program • Student qualifies for Frank O’Bannon award

  10. 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 78 credit hours by end of second year

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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 publicly-supported 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)

  17. Student Teaching Stipends • Student Teaching Stipend for Minorities • Students Student Teaching Stipend for High-Needs Fields • Student must show at the time of application that he or she will engage in student teaching during the academic term

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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

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