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Indiana Financial Aid Information & Changes Division of Student Financial Aid (SFA) Indiana Commission for Higher Education. State Financial Aid Programs. Need-Based Award Frank O’Bannon Higher Education Award Freedom of Choice Award 21 st Century Scholars Program Non Need-Based Award - PowerPoint PPT Presentation
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Indiana Financial Aid Information & Changes
Division of Student Financial Aid (SFA)Indiana Commission for Higher Education
State Financial Aid Programs
Need-Based Award• Frank O’Bannon– Higher Education Award– Freedom of Choice Award
• 21st Century Scholars ProgramNon Need-Based Award• National Guard Supplemental Grant• Children of Veteran Awards• Mitch Daniels Early Graduation Scholarship
Frank O’Bannon Award
• Higher Education Award & Freedom of Choice• The applicant must: – Be an Indiana resident by December 31, 2012– 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
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
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
Children of Veteran Awards
• 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 publicly-supported
high school at the end of the 11th grade by July 1, 2013– Enroll in an eligible Indiana institution within 5 months of high
school graduation– File the FAFSA by the deadline (November 15, 2013)– Submit application by the deadline (September 4, 2013)
FAFSA
• RECEIVED by the federal processor between January 1, 2013 and March 10, 2013
• Corrections received by May 15, 2013• 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
Grade Point Average
• For students first entering an eligible Indiana institution after June 30, 2012– Higher Education Award– Freedom of Choice – 21st Century Scholarship– Child of Disabled Veteran Awards• If parent enlisted after June 30, 2011
Grade Point Average
• Requirements– Successfully completed work of previous year• Did student meet institution’s definition of Satisfactory
Academic Progress?– Remains domiciled in Indiana– Meet financial need guidelines– Based on cumulative Grade Point Average,
changes according to class standing
Grade Point Average
• Freshman– Satisfactory Academic Progress– Individual institutions’ definitions may vary
• Sophomore– 2.25 on 4.00 scale
• Junior and Senior– 2.50 on 4.00 scale
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
Associate Degree
• Student did not graduate with Academic Honors or Technical Honors Diploma
• Student receives Associate Degree from eligible Indiana institution
• Student then enrolls in baccalaureate program• Student qualifies for Frank O’Bannon award
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
CHIPS
• Report students on track to earn Academic Honor and Technical Honor Diplomas
• DO NOT report Core 40 diploma recipients• February 28, 2013: Deadline for INITIAL
reporting of diploma type• June 14, 2013: Deadline for FINAL updates• ahdc40@sfa.che.in.gov
21st Century Scholars Program
21st Century Scholars Program
Regional Support• Move from a direct-service model to one
based on partnerships and collaborations• 8 regions through the state• 1 Outreach Coordinator per region
Primary charge to work with K-12 schools, postsecondary institutions and community partners to support Scholars in that region
21st Century Scholars Program
Activate the 21st Century Scholarship• As a high school senior, a 21st Century Scholar
must: – Complete an affirmation form by March 10, 2013– Meet the state FAFSA filing deadline of March 10
and the FAFSA correction deadline of May 15– Apply for admission to an eligible Indiana
institution
21st Century Scholars Program
FAFSA and Affirmation Support• County-wide 21st Century Scholars Affirmation
Nights• Online senior exit presentation and
affirmation (available December 1)• Ambassador Program/Senior Exits• Community Partners
21st Century Scholars Program
Secondary School Liaison• A new support position in the central office,
whose primary charge will be to serve as the contact between secondary schools and the 21st Century Scholars Program and to provide technical assistance and general support to school personnel for enrollment, program participation and affirmation-related activities
21st Century Scholars ProgramCurrent Grade
Level/ Graduation Year
Scholar Success Program
High School Cumulative
GPA
Annual FAFSA Filing
Financial Means Testing
College Enrollment
Guaranteed Full Tuition
Scholarship Expiration
Enrolled as a Scholar BEFORE June 30, 2011
12 (Class of 2013) Recommended 2.0 Yes No Within 1 Year Yes 8 Years
11 (Class of 2014) Recommended 2.0 Yes No Within 1 Year Yes 8 Years
10 (Class of 2015) Recommended 2.5 Yes No Within 1 Year Yes 8 Years
9 (Class of 2016) Recommended 2.5 Yes No Within 1 Year Yes 8 Years
8 (Class of 2017) Recommended 2.5 Yes No Within 1 Year Yes 8 Years
Enrolled as a Scholar AFTER June 30, 2011
9 (Class of 2016) Recommended 2.5 Yes Yes Within 1 Year No 8 Years
8 (Class of 2017) Required 2.5 Yes Yes Within 1 Year No 8 Years
7 (Class of 2018) Required 2.5 Yes Yes Within 1 Year No 8 Years
More Information
• Website: www.in.gov/che– Click the “Division of Student Financial Aid” link
• Email: ahdc40@sfa.che.in.gov • Phone: 317.232.2350• Fax: 317.232.3260
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