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