Indiana College Costs Estimator

Aid from the State of Indiana

Grants and Scholarships:

Frank O’Bannon Grant Program (formerly the Indiana Higher Education Award)The Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) Program is designed to provide access for Hoosier students to attend eligible post-secondary institutions. The grants, targeted to tuition and regularly assessed fees, are "need-based" and do not require repayment. The program receives its funding through appropriations made by the Indiana General Assembly. Due to variations in appropriations, the number of filers and the "need" of the filer base, the dollar value of state grants may vary from year to year. To qualify, students must:

  • Be an Indiana resident by December 31st the year prior to applying (For example: December 31, 2015 for the 2016-2017 school year)
  • Be a U.S. Citizen or eligible noncitizen
  • You and your parent(s), if you are a dependent student, must be legal residents of Indiana and remain so during the academic year
  • Be a high school graduate or hold a GED
  • Attend, or plan to attend, an eligible college or university.
  • Be enrolled, or plan to enroll, in a course of study leading to an associates or first bachelors degree;
  • Be a full-time student, or plan to enroll as a full-time student (defined as at least 12 credit hours per term); and
  • Fill out the FAFSA - by March 10 of the academic year preceding the academic year the applicant plans to enroll
  • Note: A separate part-time state grant is available for students enrolled on a part-time basis. It is specifically designed to help those undergraduates who are taking at least 3 but less than 12 credit hours per term at an eligible institution. The students must meet State residency requirements, have filed a FAFSA and otherwise qualify for State aid. The part-time grant is a need-based award.

Here is a graphic that describes how the 2015-2016 Indiana State Grant is calculated:

Twenty-First Century Scholarship

This is a special scholarship program for Indiana undergraduate students who are income-eligible in 7
th or 8th grade and who enroll in the program by the end of their 8th grade year.  Students must fulfill a pledge of good citizenship to the state and in return are guaranteed up to the cost of four years of undergraduate college tuition and mandatory fees at any participating public college or university in Indiana.  If the student attends a private institution, the state will award an amount comparable to that of the public institution.  To be eligible for the Twenty-first Century Scholars Program, students must:

  • Be a resident of Indiana as an applicant and award recipient (determined by residency of parent/legal guardian) and be a U.S. citizen or eligible non-citizen.

  • Be enrolled in 7th or 8th grade at a charter school, freeway school or other Indiana school recognized by the Indiana Department of Education.

  • Class of 2016, graduate with a diploma (Core 40 recommended), from a high school recognized by the Indiana Department of Education (GED and home school programs are excluded) with a cumulative GPA of a 2.5 on a 4.0 scale.

  • Starting with the Class of 2017, must graduate with at least a Core 40 diploma from a high school recognized by the Indiana Department of Education (GED and home school programs are excluded) with a cumulative GPA of a 2.5 on a 4.0 scale.

  • Eligibility for enrollment will be based on household income or placement in foster care.

  • Applications can be found online at www.scholars.in.gov

  • Starting with the Class of 2017 students must complete the Scholar Success Program.   The program helps students plan, prepare and pay for college.  High school Scholars must complete three activities online each year.

  • Students that enrolled as a Scholar AFTER 6-30-2011 will be means tested financially.  Means testing will be based on the Scholar’s Expected Family contribution (EFC) that will be evaluated annually based on information provided on the student’s Free Application for Federal Student Aid (FAFSA).  Scholars who do not demonstrate financial need will receive a one-time award of up to $2,500 if the student has not previously received the 21st Century Scholarship.

  • A Scholar must enroll as a full-time student at an eligible Indiana higher education institution within one year of high school graduation.

  • Scholarship funds must be used within eight (8) years from the time a student first activates the 21st Century Scholarship.  Note that the total scholarship amount is limited to the equivalent of four years (eight semesters) of full-time college attendance.

  • As a Scholar in college, 21st Century Scholars must complete at least 30 credits each academic year in order to receive their full scholarship award.

Other Indiana Scholarships/Grants

Mitch Daniels Early Graduation Scholarship, Twenty-First Century Scholars GEAR UP Scholarship, Nursing Scholarship, Minority Teacher/Special Education Scholarship,  National Guard Supplemental Grant, Child of Veteran and Public Safety Office Supplemental Grant Program, Summer State Work Program

For more details and information on the programs listed above, visit the Indiana Division of Student Financial Aid's website: http://www.in.gov/sfa/

Using eStudent
eStudent

eStudent is a self-service website created by the Indiana Commission for Higher Education, Division of Student Financial Aid (SFA) to help Indiana residents track and verify state financial aid awards. All Indiana residents who complete the FAFSA are encouraged to sign up for an eStudent account, which provides the following services:

  • Allows users to see if there are any issues with their FAFSA, which could prevent them from receiving state aid
  • Allows users to see the state aid they have qualified for in the coming school year
  • Allows users to view past state aid awards
  • Allows users to view their aid application, which includes information from their FAFSA, the user's high school diploma type, 21st Century Scholar status, National Guard status, and school of choice or college they plan to attend
  • Allows users to update their school of choice. 

To register, go here: IN.gov/che/eStudent 

Back to Types and Sources of Financial Aid

Important!

Make sure you fill out the FAFSA and any additional required application materials to be eligible for state grants. Also, be sure you keep track of their application/filing deadlines! Here is a chart of deadlines and application materials for Indiana grants from the Division of Student Financial Aid: http://www.in.gov/sfa/2403.htm