Cost 

Financial Aid for Hoosier Students

Indiana has financial aid for all types of students. To qualify, you must complete and submit the FAFSA by March 10 each year and each following year. Check out the options below, and visit IN.gov/sfa to see all available state financial aid.

What is it?

Frank O’Bannon Grant (also known as the Higher Education Award or Freedom of Choice Grant)

Who qualifies? 

Full-time college students with financial need. You may receive more aid if you earn an honors diploma in high school, maintain a high GPA in college, complete more credit hours, or earn an associate degree.

How much?

$600 to $7,400, depending on your college and your financial need. Additional merit incentives available from $800 to  $1,300.

What is it?

EARN Indiana

Who qualifies? 

Students who are awarded need-based state financial aid and who are offered a qualifying summer internship.

How much?

Varies, but all internships are paid at least federal minimum wage.

What is it?

Minority Teacher Scholarship (see IN.gov/che for details on student teaching stipends for minorities and high-need fields, too)

Who qualifies? 

Black or Hispanic students majoring in education who plan to teach in Indiana for at least three years after graduation.

How much?

Up to $1,000 for students without financial need. Up to $4,000 for students with financial need.

What is it?

Indiana National Guard Supplement Grant

Who qualifies? 

Students who are members of the Indiana National Guard.

How much?

Up to 100% of tuition costs at a public Indiana college.

What is it?

Child of Veterans and Public Safety Officers (CVO)

Who qualifies? 

Students whose parent is a deceased or disabled military veteran, deceased public safety officer or permanently disabled state trooper.

How much?

Up to 100% of tuition costs at a public Indiana college.

What is it?

The Adult-Student Grant program

Who qualifies? 

Adult students & part-time undergraduates with financial need working to complete their Associate or Baccalaureate degrees or Certificates. It is specifically designed to help those undergraduates who are taking at least 6 but less than 12 credit hours per term at an eligible institution.

 

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