Indiana College Grants
Indiana residents who are enrolled in a post secondary education program at an accredited institution are often eligible to receive financial aid to assist them with their educational costs. There are many federal programs and private programs available to anyone who applies. There are also grant programs that are specifically available to Indiana residents looking for college grants.
Not every grant program is need-based, although almost every program does require students to maintain a specific level of academic progress for continued eligibility. It is critical to apply by May 1 at the latest for consideration. There are sometimes penalties for late applications, including lowered grant eligibility or a reduction in eligibility for federal student aid.
The Frank O’Bannon Grant Program is the most commonly awarded need based grant available to Indiana students. This program is funded through state funds appropriations and the total amount available will vary for each academic year.
The Twenty-first Century Scholars Program provides grant funding for students with exceptional financial need and excellent academic performance in high school. This grant is available only to Indiana residents attending a school located within the state.
Students attending nursing school within Indiana may be eligible for a nursing scholarship of up to $5,000 per academic year of study for up to six years. The Nursing Scholarship Program offers funding for nursing students who maintain satisfactory academic progress and attend an approved program at an approved institution. There is also a two year service requirement attached to this grant program. Nurses are expected to work at an approved medical facility for two years in order to repay the funds through service to the health care community.
High school seniors may be eligible for the Hoosier Scholar Award, which is a $500 one-time grant, given to the student in order to assist with educational costs during their first year of study. Students must be nominated by their high school guidance counselor in order to be considered for eligibility.
Eligibility for nearly all of the Indiana College Grant programs available is determined using the students Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA, which is completed after the first year that a student applies for aid. Individual schools will most likely also have a separate application for aid that is required. The Nursing Scholars program and the Twenty-first Century Scholars Program have additional requirements that will need to be met, including nomination for the latter program.
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College Grant Information By State