Am I Eligible for a Frank O'Bannon Grant?
The Frank O'Bannon Grant is given to Indiana residents that show financial need through the Free Application for Federal Student Aid (FAFSA). Students meeting the requirements will automatically be considered for the award by submitting a FAFSA by the Indiana State Deadline of March 10th. Any corrections must be made by May 15th.
- Must be an Indiana Resident by December 31st the year prior to applying for aid and remain a resident throughout academic year (parents must also be residents, if applicant is a dependent student)
- Must be a U.S. Citizen or eligible noncitizen
- Must be a high school graduate or hold a GED or its equivalent
- Student must be enrolled full-time (12+ credit hours) by the end of the fourth week of classes
- Must be working towards an associates or first bachelors degree
- Maintain Satisfactory Academic Progress
- Available for summer, up to full year amount
- Must file the FAFSA by March 10th prior to the academic year of intended enrollment
Requirements to Maintain the Award
This award has requirements for a student to meet to continue to receive the award from the state of Indiana.
- At the end of the student's first year, there must be at least 24 credit hours completed to receive the minimum amount and at least 30 credit hours to receive the maximum amount for the following Academic Year.
- At the end of the student's second year, there must be at least 48 credit hours completed to receive the minimum amount and at least 60 credit hours to receive the maximum amount for the following Academic Year.
- At the end of the student's third year, there must be at least 72 credit hours completed to receive the minimum amount and at least 90 credit hours to receive the maximum amount for the following Academic Year.
- There is a four year lifetime limit with the grant.
Students that are enrolled part-time and therefore would not get the full award, can receive assistance for their courses. These amounts are automatically posted on eligible students' accounts around the mid-point of the semester. There is limited funding for part-time students, so not all eligible students receive an award.
You must have a FAFSA, as well as the Indiana Part-time Application, on file by July 1st and corrections completed by Aug 1st in order to be eligible. The Indiana Adult Student Application is completed online at http://www.in.gov/che/4499.htm.
Indiana FAFSA Deadline is March 10th and any corrections must be made by May 15th of each year for the next Academic Year.
- 2015-2016 Academic Year: March 10, 2015 and May 15, 2015
- 2016-2017 Academic Year: March 10, 2016 and May 15, 2016
- 2017-2018 Academic Year: March 10, 2017 and May 15, 2017