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UIndy's Federal School Code: 001804
At a Glance

Financial Aid Eligibility

Freshmen and transfer students must meet eligibility criteria for financial aid.

As a prospective student, to be eligible for financial aid:

  • You must be admitted into a degree-seeking program.
  • Generally you must be enrolled in at least 6 credit hours each semester. In a few cases a student can be enrolled in less than 6 credit hours and receive Federal Pell Grants.
  • Undergraduate students must enroll in a minimum of 12-15 credit hours each semester to be eligible for Indiana's Frank O'Bannon Freedom of Choice Award and 21st Century Scholarship.
  • Extended studies (evening) and accelerated division students are assessed significantly reduced tuition charges and are typically enrolled part-time (6-11 hours). Part-time enrollment may qualify you for Federal Pell Grants, state part-time grants and/or Federal Direct Stafford loans.

Selection criteria

Students applying for financial aid are considered by the Office of Financial Aid for all programs for which they are eligible, including federal, state and institutional aid programs. A financial aid counselor will review the following criteria when reviewing a student’s file:

  • The Free Application for Federal Student Aid (FAFSA) data. With only a few exceptions, all students must file a FAFSA each academic year.
    • First consideration for processing will be given to applicants who submit the necessary forms by the appropriate deadlines.
    • To be considered for full-time state aid programs, the initial FAFSA must be received by the Federal Processing Center by March 10 prior to fall enrollment.
    • In most cases, only students who are United States citizens, permanent residents, or eligible noncitizens as defined by the federal government, are eligible for federal financial aid. Other important federal criteria are: default status on prior federal loan programs such as Federal Perkins and Direct Stafford; good standing with the Federal Direct grant programs such as Pell and Supplemental Educational Opportunity; lifetime student loan limits; and registration with Selective Service (if male and required to do so).
  • UIndy Aid Application information. UIndy gathers additional information necessary to best process the student's FAFSA and better identify all aid opportunities through its UIndy Aid Application. This form is requested once prior to semesters I and II, and then again (via a separate Summer UIndy Aid Application) prior to each summer session in which the student plans to attend.

To receive federal aid, the student must demonstrate financial need via the FAFSA and:

  1. Meet the general eligibility requirements outlined above,
  2. Meet the eligibility requirements imposed by specific aid programs, and
  3. Maintain satisfactory academic progress toward completion of a degree within a reasonable time period. Failure to make normal progress will cause the student to be ineligible for federal, state and institutional aid programs.

Merit scholarships are reserved for students (primarily undergraduate) who have demonstrated superior academic achievement. High school GPA and class rank, college prep courses and test scores from the Scholastic Aptitude Test (SAT) or American College Testing (ACT) Service are used in evaluating the student's academic performance. Scholarship selection for transfer students is based on college academic performance. Some specific aid programs utilize additional selection criteria.

Continued eligibility

Many financial aid awards are renewable over the normal four-year college program. The student must demonstrate his or her eligibility each year before financial aid may be awarded. The student must continue to:

  • Meet the general eligibility requirements outlined above,
  • Demonstrate financial need for need-based aid by submitting the FAFSA,
  • Meet the eligibility requirements imposed by specific aid programs, and
  • Maintain satisfactory academic progress toward completion of a degree within a reasonable time period. Failure to make normal progress will cause the student to be ineligible for federal, state, and institutional aid programs.

Duration of eligibility

Regulations also govern the maximum length of time a student may receive financial aid. Students working toward a baccalaureate degree may not receive aid beyond 150 percent of the length of their program of study. For a student pursuing a bachelor’s degree, this time frame is defined to be 186 total credit hours attempted (150 percent of hours to graduate). For a student pursuing an associate’s degree, this time frame is defined to be 93 total credit hours attempted (150 percent of 62 hours to graduate).

Transfer hours count toward the maximum time frame. Some programs, like state grants and University merit aid may restrict the student’s eligibility for aid to less than the above time frame.

The maximum time frame for graduate students is 150 percent of the length of their specific program.

With the exception of the Federal Direct Stafford loan and College Work Study, financial aid is awarded to undergraduate students working toward their first baccalaureate degree. Students who enter the professional phase of the physical therapy/occupational therapy programs are considered to be graduate students at the end of three years of undergraduate study and thus may not be eligible for some federal and state aid programs.