Financial Aid

The financial aid program at the University of Indianapolis is designed to reach students in a variety of economic circumstances. The primary purposes are to provide financial assistance to admitted students who would be unable to attend college without such aid and to recognize academic excellence.

Funds are available from the federal and state governments as well as from the University. Clubs, businesses, and individuals who are friends and alumni of the University also contribute funds to aid students.

Information provided here is accurate at the time of publication. Refer to http://www.uindy.edu/financial-aid for more information. Paper copies of information on the website are available on request.

All of the Financial Aid programs are subject to change as a result of changes in University policies or government law or regulation.

To be eligible for financial aid, a student generally must be enrolled in at least six credit hours each semester in courses leading to a first undergraduate degree. A few students who are enrolled less than half-time may receive Federal Pell Grant funds and part-time grant monies from the state. Students enrolled at least half-time may be eligible for Federal Pell Grants, State Part-Time Grant, Federal Direct Stafford Student Loans, and Federal Parent Plus Loans (dependent students) only. Students pursuing a second undergraduate degree may be eligible for Federal Work Study, Federal Direct Stafford Loans, and Federal Parent Plus Loans; students seeking a graduate degree may be eligible for Federal Direct Stafford Loans and Federal Graduate Plus Loans.

With few exceptions, students who wish to be considered for financial aid are required to submit the online Free Application for Federal Student Aid, or FAFSA, and the University of Indianapolis Application for Financial Aid at https://apply.uindy.edu/financialaid. To be eligible for state grants, the FAFSA must be received by the Federal Processor on or before April 15 prior to the beginning of the fall semester.

Financial need and academic achievement are the major criteria used in awarding University funds. Generally speaking, need-based scholarships are awarded to students who show need and maintain at least a B average in their academic work. Grants are made available to students who show financial need and maintain at least a C average academic record. Several scholarships are awarded to outstanding students based solely on their academic performance in high school.

All need-based financial aid awards to students are determined by the University of Indianapolis Office of Financial Aid, and students applying for aid are considered for all programs for which they are eligible. The eligibility criteria for each of the federal, state, and University programs are described in a later section and on the financial aid website.

Many financial aid awards are renewable over the normal four-year college program. The student must continue to (1) meet the general eligibility requirements for financial aid, (2) demonstrate financial need (when awards are need-based) by submitting the Free Application for Federal Student Aid, (3) meet any specific eligibility requirements applicable for that award, and (4) meet the satisfactory academic progress requirements as established by the Office of Financial Aid. The student must reapply for financial aid each year by April 15.

Following are descriptions of the various endowed scholarships available to students at the University of Indianapolis.

Several scholarships are available through special gifts and bequests from donors who have contributed a minimum of $25,000 to establish an endowment fund. Earnings from these funds are awarded annually to students who meet the criteria set by the donor. In most cases, academic merit and financial need are requirements for these scholarships. The amount and number of awards may vary depending on available funds. Students who wish to be considered for endowed scholarships are required to submit the Free Application for Federal Student Aid and the University of Indianapolis Application for Financial Aid each year.

• Elizabeth Abell Scholarship
• Frank W. and Gertrude Anna Abke Scholarship
• Dr. Mary Keller Ade and Dr. Charles Hamilton Ade Scholarship
• Angerman Freedom Fund
• James F. and Dorothy D. Anglin Scholarship
• Miriam F. Annis Memorial Scholarship
• Rebecca Hansen Arnott Endowed Scholarship
• Louis B. Astbury Scholarship
• Paul L. Bailey Scholarship
• Reverend Gale L. and Eleanor L. Barkalow Scholarship
• Jean Barnett Endowed Scholarship
• Colonel Robert B. Barnett and M. Louise Dragoo Barnett Scholarship
• Charles E. Bassett Endowed Scholarship
• James W. and Virginia A. Bear Scholarship
• Helen G. Beeman Endowed Scholarship
• Marjorie K. and Robert H. Begeman Endowed Scholarship
• Bethlehem Steel Award
• Georgia Benson Blackwell Scholarship
• Georgia B. Blackwell Memorial Scholarship
• Jane Piper Borden Scholarship in Nursing
• Esther Haag Bowen Scholarship
• Byron and Mary Eloise Boyer Memorial Endowed Scholarship
• LeAlice Briggs Endowed Nursing Scholarship
• Claud Brooker Award in Chemistry
• Robert M. Brooker Science Scholarship
• Brooker Chemistry Scholarship
• Lucy Munro Brooker Poetry Award
• Brown Family Scholarship
• Helen York Brown Scholarship
• Walter and Barbara Brown Scholarship
• Dr. Charlotte Camfield Scholarship
• Donald F. Carmony Award for Excellence in History and Political Science (funded by the George and Ruth Hagelskamp Endowed Scholarship)
• Edith B. (Hagelskamp) Carmony Award for Excellence in English
• Edith B. Carmony Scholarship
• Mary Hiatt Carmony Editorship
• Carmony Graduate Assistant Award
• Herbert W. Cassel Philosophy Scholarship
• Chambers Scholarship
• Jack L. Clark Endowed Scholarship
• Class of 1948 Scholarship
• Class of 1949 Scholarship
• Class of 1950 Scholarship
• Class of 1951 Endowed Scholarship
• Classes of 1953 and 1954 Endowed Scholarship
• Class of 1956 Endowed Scholarship
• Class of 1961 Mickie G. Shircliff Scholarship
• William G. and Vee L. Clayton Scholarship
• Ralph and Esther Coddington Scholarship
• Terry M. and Judith McBride Cole Endowed Scholarship
• Madeleine K. Colver Award
• Ruth E. Comer Scholarship
• Comer-Truax Scholarship
• James Crawford Scholarship
• Hobart and Esther Creighton Scholarship
• Chad Davidson Memorial Scholarship
• Davis, Merkel, Rayburn and Todd Scholarship
• Olive A. Day and Minnie L. Richey Scholarship
• Martha L. Dean Scholarship
• Rev. Steven Disseler and Dr. Jean Sachs-Disseler Scholarship
• Ralph F. Dragoo Scholarship
• Epsilon Sigma Alpha Award
• I. Lynd Esch Scholarship
• Fifty-Year Alumni Scholarship
• Albert Findley Endowed Scholarship
• Focus on Future Anonymous Scholarship
• Linda Kirkham Fowler Endowed Scholarship
• Gordon A. and Madelyn W. France Family Endowed Scholarship
• Mark S. Fritz Endowed Scholarship
• Stephen Fry Endowed Scholarship
• Kirby Carey Fulton Endowed Nursing Scholarship
• Dr. William R. Gommel Endowed Scholarship
• I. J. Good Scholarship
• John Gormley Art Scholarship
• Effie Topping Gott English Award
• Robert N. Green Endowed Scholarship
• Green Family Endowed Scholarship
• Nellie A. Hanna Scholarship
• Hanni Family Scholarship
• Hauswald Family Scholarship
• Maxine Heitger Scholarship
• Marvin and Sylvia Henricks Scholarship
• Herbert Dale and Elnora Freshley Hiatt Scholarship
• Linden E. and Violet T. Hiatt Scholarship
• Lloyd E. and Treva I. Hiatt Elementary Education Scholarship
• Luther and Elnora Hiatt Family Scholarship
• Paul F. and Jean Hirst Scholarship
• Hottell Family Endowed Scholarship
• Raymond Houk Scholarship
• Sally Hyde and Pat Humbles Scholarship
• Dr. George L. Humbarger Scholarship
• Robert C. and LaVern Hunt Scholarship
• Lester and Lucy (Carmony) Irons Endowed Memorial Scholarship
• Bill and Joanne Jonathan and ATI Physical Therapy Scholarship
• Julius C. Shrigley and Winifred Irene (Shrigley) Jones Scholarship
• Kiesel Memorial Scholarship
• Mary Helen Krafft Keim Scholarship
• Dr. David B. Kenney Scholarship
• Kathryn R. and Robert W. Koenig Family Scholarship
• Dr. Robert and Milly Cassidy Kopecky Nursing Scholarship
• Krannert School of Physical Therapy Scholarship
• Sue Kuhn Endowed Fund
• James P. Lamberson Memorial Scholarship
• Gene and Carolyn France Lausch Endowed Scholarship
• Wilmer D. and Hope B. Lawrence Endowed Scholarship
• Dr. Phylis Lan Lin and Dr. Leon Lin Scholarship in Social Work
• Phylis Lan Lin Sociology Research Award
• Carl Lindstrom Endowed Scholarship
• J. Louis and Helen J. Martens Scholarship
• Dr. Robert and Mrs. Luella McBride Scholarship
• Woody and Gerrie McBride Endowed Scholarship
• Orvall G. and Dorothy McCleary Scholarship
• Frank M. McHale Scholarship
• Esta B. and Clifford McKee Scholarship
• Bishop and Mrs. Paul W. Milhouse Scholarship
• Andrew and Joan Miller Scholarship
• Carol Sue Miller Scholarship
• Jane A. and J. Sam Mobley Endowed Scholarship
• Michael Molchan Memorial Scholarship
• William P. Morgan Award
• Jerry Ann Motley Scholarship
• John and Evalyne Mullen Memorial Scholarship
• Anna Hardy Myers Scholarship
• Larry Newberg Endowed Scholarship Fund
• Marleta Newberg Endowed Scholarship
• Arthur H. and Nettie Nye Scholarship
• C. S. Ober Scholarship in Business
• School of Occupational Therapy Alumni Scholarship
• Sylvia Hardesty Parks Scholarship
• Toni Peabody Endowed Scholarship in Social Work
• Pepsi Endowed Scholarship
• Verna W. Percifield Education Scholarship
• Joan V. Persell (AIB, Inc.) Endowed Scholarship
• Joan V. Persell Scholarship
• Priddy Geology Award
• Philip and Glennis Reidenbach Family Scholarship
• Clara Proctor Reynolds Scholarship
• Mildred Myers Reynolds Endowed Scholarship
• Dr. Mildred Myers Reynolds MSW Scholarship Fund
• Thomas R. Richter Memorial Scholarship
• George B. Riley Scholarship
• M. Helen Roberts Scholarship
• George Thomas and Dorthymae Beeson Rush Music Scholarship
• Helen E. Rusk Scholarship
• Arthella Grouns Russell Endowed Scholarship
• Robert L. and Anita M. Sachs Endowed Fund
• Marjorie R. and Marie Schoch Scholarship
• School of Business Faculty Scholarship
• Richard E. Schrier Student Athlete Scholarship
• Virginia Schroder Endowed Scholarship
• Melvin E. Scott Endowed Scholarship
• Marwan Izzedeen Shawa Scholarship
• Harvey M. and Henrietta L. Rider Showalter Scholarship
• Jessie E. (Jay) Sibley, Jr. Endowed Scholarship
• Sidebottom Family Scholarship
• Robert A. and June K. Simon Scholarship
• Gordon and Thelma Smith Scholarship
• Herbert W. and Marjorie Anson Smith Special Academic Scholarship
• George and Betty St. Angelo Scholarship
• George Sr. and Lillian St. Angelo Scholarship
• Delbert and Virginia Stevens Education Scholarship
• Dr. Philip and Mrs. Clare Stone Philosophy & Religion Scholarship
• Gladys S. Swearingen Scholarship
• Donald W. and Nita Tanselle Scholarship
• Dorothy ’34 (Tohill) and Charles Taylor Endowed Scholarship
• Marysnow Todd Merit Scholarship
• Sid Tuchman Award for Excellence in Management
• Merrill Underwood Art Award
• University of Indianapolis Faculty Scholarship
• University of Indianapolis Jazz Scholarship
• Voiture Locale 145 of Forty & Eight Endowed Scholarship
• A. E. Wake Scholarship
• Jeanne Wade Watkins Endowed Scholarship
• Sibyl Weaver Endowed English Scholarship
• Dr. Sibyl Weaver Memorial Scholarship
• Dr. and Mrs. James A. Weber Scholarship
• Virgil M. and Phyllis J. Webster Scholarship
• Weigand Endowed Scholarship
• Lawrence G. D. and Ruth Wertz Scholarship
• Susanna Wesley Scholarship
• Reverend Joseph A. White Endowed Scholarship
• Phillip E. and Carolyn I. White Scholarship
• Earl B. and Marie C. Whitecotton Scholarship
• Dr. Suzanne C. Willey Endowed Scholarship
• Dr. David Willoughby Endowed Scholarship Fund in Memory of Dr. Robert M. Brooker
• Blaine H. Wiseman Scholarship
• Dr. Ranald M. and Julia M. Wolfe Scholarship
• Russell and Lorene Youngblood Scholarship
• Zink Family Scholarship

The Office of Admissions, academic departments, or the Office of Financial Aid select recipients of the awards listed below. In some instances, the combining or “stacking” of awards is not possible; in such cases, a student who qualifies for multiple awards will receive only the highest award. Other awards may be “stacked” up to a maximum amount established by the University. In no instance will the amount of these awards in combination with outside scholarships exceed the full cost of tuition plus book allowance (commuters), or tuition plus standard double occupancy room (not to include increased charges for certain residence halls), board and a standard book allowance (resident students).

Academic Transfer Scholarships. Awards of $8,000 to $13,000 are offered to transfer students who complete 15 credit hours or more while maintaining at least 2.5 grade point average. Scholarship amounts vary depending on transferred grade point average. This award is renewable for two additional years of undergraduate study working toward a baccalaureate degree with a 2.5 grade point average and completion of at least 67% of courses attempted.

Alumni Scholarships. Five $15,000 scholarships will be awarded to incoming freshmen as a result of nominations from a UIndy alumnus/alumna. Nominees must have earned a high GPA in a challenging college preparatory curriculum and have a combined verbal and math score of 1100 minimum on the SAT or 24 minimum on the ACT. Selection will be based upon a combination of academics, test scores, and demonstrated leadership potential. Nominations must be received by February 1.

Art Scholarships. Recipients are chosen by the Department of Art & Design faculty from incoming freshmen applicant portfolios. Scholarship amounts vary from $1,000- $5,000 annually. Recipients must be a full-time art major.

Athletic Grants. A number of grants are available to outstanding athletes who are full-time students. These grants are awarded following NCAA guidelines. The recipients must participate in the chosen sport and be recommended by the coaching staff and athletic director.

Campus Employment. Many part-time campus jobs are available in the cafeteria, library, laboratories, administrative offices, faculty offices, maintenance department, etc. Student compensation begins at $7.25 per hour, and students usually work eight to ten hours per week. Students interested in campus employment should contact the Stephen F. Fry Professional Edge Center for job referral.

Community Service Leadership Awards. Five $15,000 awards are given to entering freshmen who have demonstrated a commitment to service through active participation in community service activities and have shown high academic achievement. Students must apply for admission and submit an essay demonstrating service by January 1. Top finalists will be invited to campus for an interview. This award may be received for a maximum of four years of full-time undergraduate attendance. Students must maintain a grade point average of 2.7 or above, complete a minimum of 20 credit hours each academic year, and completion of 67% of courses attempted. When a student qualifies for this award as well as other University scholarships or grants, only the highest award will be offered.

Dean’s Scholarships. Awards of $16,500 to $22,500 are offered to incoming students who have earned a very high GPA in a college preparatory curriculum, have a combined verbal and math score of 1,200 or higher on the SAT or a composite score of 27 or higher on the ACT, and show leadership potential. Students with a GPA equivalent to a B+ may receive a Distinguished Dean’s Scholarship. Preference is given to valedictorians and salutatorians. To renew this scholarship, recipients must maintain at least a 3.0 cumulative grade point average and continue full-time undergraduate enrollment completing at least 20 credit hours per year. The award may be received for four years.

Discovery Award. A limited number of full-tuition scholarships are given to students who qualify for the state of Indiana’s 21st-Century Scholars program. Students wishing to be considered for this scholarship must apply by February 1 and submit the FAFSA by April 15. Recipients are selected after April 15. The award is available to full-time undergraduate students for four years who maintain a 2.7 cumulative GPA and complete 30 hours per year.

International Student Scholarships. A limited number of academic scholarships are available for undergraduate international students in amounts ranging from five to 30 percent of the tuition charge. Eligibility for these scholarships is determined on the basis of academic credentials. Generally, students must maintain a 2.7 cumulative grade point average and full-time enrollment for renewal. The award may be received for four years.

Legacy Awards. Entering freshmen who plan to enroll as full-time undergraduates and whose parent or grandparent obtained an undergraduate or graduate degree from the University of Indianapolis may receive the $1,500 Legacy Award. This award may be received in combination with other University awards up to the cost of tuition (commuter) plus a standard book allowance or the cost of tuition, room, and board (not to include increased charges for certain residence halls) plus a standard book allowance (resident). Renewal for up to three additional years is contingent on the student achieving a cumulative grade point average of 2.0 or greater and completing a minimum of 20 credit hours each academic year.

Ministerial Grants. The University awards grants to dependent children of United Methodist ministers. To be eligible, the minister must be (1) under appointment by a bishop to a church or be under special appointment within the connectional structure of the United Methodist Church, and (2) currently pursuing the ministry as a primary, full-time occupation. The student must (1) apply for financial aid by submitting the Free Application for Federal Student Aid by April 15 each year, and (2) demonstrate financial need as defined by the federal methodology. The dollar value of the ministerial grant will be the amount of unmet need or 30 percent of tuition, whichever is the lesser amount. Aid from federal, state, and other gift aid sources will be used in determining the unmet need figure.

Recipients of the Ministerial Grant may not receive the United Methodist Award. This grant is renewable for three years as long as the student continues to show need, is enrolled as a full-time undergraduate student, can verify his or her eligibility, and maintains a 2.0 grade point average.

To apply for the grant, each student must submit a ministerial grant application. This award will be superseded by other University scholarships or grants of greater value.

Music Scholarships and Grants. Music scholarships up to $10,000 are awarded to music majors based on a performance audition before the music faculty. Students’ GPA, SAT, and experiences in music (piano, theory, lessons, and ensembles) also are taken into consideration. Music ensemble grants are awarded to non-music majors in the amount of $500 to $1,500 based on a performance audition before the music faculty. Ensemble grant students will participate in two ensembles and take private lessons. Scholarships and grants are renewable for a total of four years. All students interested in a music major scholarship or a non-major ensemble grant may contact the Music Office (317-788-3255 or labensg@uindy.edu). Auditions may be scheduled online at www.music.uindy.edu.

Phi Theta Kappa Academic Honors Scholarships. These $6,500 scholarships are awarded to transfer students who are members of Phi Theta Kappa honor society and who have achieved a 3.5 or higher grade point average. Transfer students must have an associate’s degree with a minimum of 60 transferable credit hours. Students must enroll in the fall and/or winter terms. This award is renewable for two additional years of undergraduate study working toward a baccalaureate degree with a 2.7 grade point average and completion of at least 20 credit hours per academic year.

Presidential Scholarships. These full-tuition scholarships are offered to a number of outstanding freshmen each year. For consideration, a student must have a very high GPA, have a combined verbal and math score of 1300 or higher on the SAT or a composite score of 29 or higher on the ACT and have successfully completed a strong college preparatory curriculum. Recipients are chosen by a faculty scholarship committee based on academic achievement, interview and essay. This scholarship is renewable for three years as long as the student maintains full-time undergraduate enrollment, completes 20 or more credit hours each year, and achieves a minimum grade point average of 3.3. Application for admission must be completed and submitted to the admissions office by January 1.

Promise Award. A limited number of full-tuition scholarships are given to students who qualify for the state of Indiana’s Frank O’Bannon Grant. Students wishing to be considered for this scholarship must apply by February 1 and submit the FAFSA by April 15. Recipients are selected after April 15. The award is available to full-time undergraduate students for four years who maintain a 2.0 cumulative GPA and complete 30 hours per year.

Resident Assistants. Several students are chosen each year to serve as resident assistants in residence halls and receive full remission of residence hall room and board charges. Students interested in this peer counseling position can apply by completing the application available in the Office of Residence Life. Selection is made on the basis of this application, recommendations from faculty and staff, and interviews conducted by a staff committee.

Speech Team Scholarships. Scholarships are awarded each year to new students who excel in the area of individual events in public speaking and interpretation. Interested students should contact the Department of Communication. Students must achieve a 2.5 grade point average to receive and renew the scholarship.

Theatre Performance/Production Scholarships. Auditions and/or interviews are held each year by the Department of Theatre. Awards of up to one-quarter tuition are given based on theatrical merit and are renewable for a total of four years as a full-time student. Recipients are expected to major in theatre or theatre teaching, participate in all major productions, and maintain at least a 2.5 GPA.

UM Youth Leadership Scholarship. Several $2,000 scholarships are awarded to full-time freshmen who are members of the United Methodist Church and who have demonstrated notable leadership roles in the local church and youth group and preferably on the district, conference, jurisdictional, or national level of the United Methodist Church. The award is renewable for three additional years for students who have a 2.5 cumulative grade point average and meet eligibility requirements regarding participation in required activities and enrollment in Christian vocation courses.

University of Indianapolis grants. Grants are awarded from University funds to students who demonstrate financial need and who are enrolled in at least six day credit hours each semester. Awards may be renewed each year for students who demonstrate satisfactory academic progress and continue to demonstrate financial need.

University of Indianapolis Scholarships. These awards are made to students who have a B average academic record, demonstrate financial need, and are enrolled in at least six day credit hours each semester. Students must maintain a grade point average of 2.7 for renewal. The scholarship depends on the family’s financial status and available funds.

United Methodist Awards. A limited number of incoming freshmen and new transfer students who are members of the United Methodist Church and admissible as full-time students will be considered for this $500 award. This award may be received in combination with other University awards up to the cost of tuition plus standard book allowance (commuter) or the cost of tuition, room and board (not to include increased charges for certain residence halls) plus books (resident). This award may be received for a maximum of four years as long as students maintain a cumulative grade point average of 2.0, and continue to be enrolled as full-time undergraduates. Interested students must apply for admission by January 15. Recipients will be selected based upon recommendation of their United Methodist Church minister, academic performance, challenging curriculum, and leadership potential.

U.S. Senator Richard G. Lugar Academic Recognition Award. Awarded to incoming freshmen, recipients of this award are selected based on several factors, including GPA and college preparatory curriculum completed during high school. Awards range from $13,500 to $16,000. Qualified students may receive the award for up to four years of full-time undergraduate enrollment. Students must maintain a grade point average of 2.7 and complete a minimum of 20 credit hours per academic year for renewal.

Federal Pell Grants. The Pell Grant is the largest need-based federal grant program and is available only to undergraduate students pursuing a first bachelor’s degree. These grants ranged from $623 to $6,195 for the 2019-2020 academic year, depending on the need of the applicant. Regularly enrolled students who are U.S. citizens, permanent residents, or eligible noncitizens who have demonstrated financial need and who have complied with Selective Service registration requirements are eligible to apply for a Pell Grant. Pell Grant is an entitlement program, meaning all students who are eligible will receive awards. While the award is paid to the student through the school, the student’s eligibility and award amount are determined by the United States Department of Education. A student will be considered automatically for a Pell Grant when the Free Application for Federal Student Aid is submitted each year.

Federal Supplemental Educational Opportunity Grants. This is one of the three federal campus-based programs in which funds are allocated to colleges. Grants are awarded on the basis of the student’s need and the amount of funds available. Eligible undergraduate students must be U.S. citizens or permanent residents who do not hold a baccalaureate degree and who demonstrate exceptional financial need, comply with Selective Service registration requirements, and maintain satisfactory college academic performance. Students apply for this grant each year by submitting the Free Application for Federal Student Aid and the University of Indianapolis aid application.

Federal College Work Study. This program is designed to promote the part-time employment of students. The regulations provide that the federal government will pay 75 percent of the wages of eligible students while the University (or participating nonprofit agencies) pays the remaining 25 percent. A student will be considered for work study when the FAFSA and University of Indianapolis application are received. Eligible students should contact the University’s Center for Career Services for job referral.

Federal Direct Stafford Student Loans. The Direct Stafford Student Loan Program makes low-interest loans available to students who are enrolled at least half-time (6 hours per semester for undergraduate students, 4.5 hours for graduate students). To be eligible for the federally subsidized loan, the student must show financial need unmet by other sources. This loan provides an annual fixed interest rate. Repayment begins six months after the student ceases half-time enrollment, and no interest accrues until that time. Unsubsidized Federal Stafford Loans are also available to graduate and undergraduate students without regard to financial need. Loan limits are the same as those in the subsidized program. Repayment of the principal begins six months after the student ceases half-time enrollment, but interest begins to accrue immediately. The combined subsidized and unsubsidized loan is $3,500 for the freshman year, $4,500 for the sophomore year, and $5,500 per year for three additional years. Undergraduate students may be eligible for an additional $2,000 in unsubsidized loans each year. Independent undergraduate students may borrow an additional $4,000 per year for the freshman and sophomore years and up to $5,000 per year for the junior and senior years under the Unsubsidized Stafford Loan Program. Graduate students may borrow up to $20,500 per year under this program. Students must submit a FAFSA and the University of Indianapolis aid application each year to apply for these loans.

Federal Plus Loans. Through the United States Department of Education, parents of dependent students and graduate students may borrow up to the cost of education minus other aid. Federal Plus loans are subject to an annual fixed interest rate. Repayment begins within 60 days of the final disbursement each year. A deferment on principle while the student is enrolled at least half-time can be requested by the parent of a dependent student on the application itself. Graduate students may defer repayment of the Federal Plus Loan until after graduation or non-enrollment. You may access an online application at http://www.uindy.edu./financial-aid. Federal Plus Loans may be denied as a result of adverse credit history. In the event that a Federal Plus Loan is denied for a parent of a dependent student, the dependent student is permitted to apply for an additional loan under the Unsubsidized Direct Stafford Loan.

Frank O’Bannon Freedom of Choice Awards. These awards are made by the Student Financial Aid division of the Indiana Commission for Higher Education to eligible high school graduates attending institutions of higher learning in Indiana. An applicant is eligible if he or she is an Indiana resident and a full-time student who demonstrates financial need by filing the Free Application for Federal Student Aid. Parents of dependent students also must be Indiana residents. Award amounts are determined each year based upon the number of applicants and funding from the Indiana Legislature. The FAFSA must be received by the federal processor by April 15 preceding the academic year of attendance. Students may receive state grants for eight semesters of full-time undergraduate enrollment if renewal eligibility requirements are met.

21st Century Scholars Program. This program, funded by the state and administered by the Student Financial Aid division of the Indiana Commission for Higher Education, is available to Indiana students who, during their seventh or eighth grade year, were eligible to receive free lunches. Students who pledged to remain drug- and alcohol-free, refrain from committing any criminal activity, achieve a high school GPA of 2.0, and file the Free Application for Federal Student Aid each year by the April 15 receipt deadline are eligible to receive a grant comparable to the tuition at an Indiana state school. Eligibility for the Higher Education and Freedom of Choice Awards may reduce the award amount. This tuition-only award is available to full-time undergraduate students for eight semesters if renewal eligibility requirements are met.

Minority Teacher/Special Services Scholarships. These awards from the state of Indiana are open to African-American and Hispanic students majoring in elementary or secondary education or any student seeking certification in special education or physical or occupational therapy. Applicants must be Indiana residents enrolled full-time with at least a 2.0 grade point average. Applicants pursuing an education degree must agree to teach at the elementary or secondary level for three out of five years in an Indiana school. Those seeking a degree in physical or occupational therapy must practice in Indiana for three years. The scholarship amount varies depending on financial need and state appropriation. This award may be renewed if the student applies each year and continues to meet the eligibility criteria. The deadline for application is May 1 preceding the academic year of attendance. Applications can be obtained online at http://www.in.gov/sfa.

Non-Indiana Residents. Information on grants from the student’s home state is available at nassgap.org.

State Part-Time Grants. These awards are made to eligible students who are residents of Indiana, are enrolled in three to 11.5 credit hours, and have state grant eligibility remaining. The student cannot be in default or owe a repayment of federal funds to be eligible for this award. The state of Indiana selects the award recipients for this program via application. Applications may be found online at in.gov/che.

The University of Indianapolis is a certified military-friendly institution providing financial assistance to U.S. military veterans and dependents enrolled in eligible degree programs.  Federal aid programs available to veterans and their dependents include:

• Post 9/11 GI Bill^®, including Yellow Ribbon (Chapter 33)
• Montgomery GI Bill^® - Active Duty (Chapter 30)
• DEA - Dependents Education Assistance (Chapter 35)
•  Montgomery GI Bill^® - Selected Reserve (Chapter 1606)
• Vocational Rehabilitation for Veterans with Service-Connected Disabilities (Chapter 31)

As required by Title 38 of the United States Code Section 3679(e), UIndy policy permits any covered individual to attend classes during the period beginning on the date the student provides a certificate of eligibility for entitlement to educational assistance under Chapter 31 or 33 and ending the earlier of 1) the date on which payment from VA is made to UIndy or 2) 90 days after the date the university certified tuition and fees following the receipt of the certificate of eligibility.  UIndy policy does not impose any penalty, including assessment of late fees, the denial of access to classes, libraries, or other facilities, or require a student to borrow additional funds because of the student’s inability to meet his or her financial obligations due to the delayed disbursement funding from VA under Chapter 31 or 33.

Students receiving Chapter 31 and/or Chapter 33 benefits must, however:

1. submit a certificate of entitlement to educational assistance no later than the first day of a course of education, or submit a written request to use such entitlement;
2. provide additional information needed for proper certification of enrollment;
3. pay the balance of tuition and/or fees not covered under Chapter 31 or Chapter 33 if entitlement is less than 100%.  

For more information, please contact the Office of the Registrar or visit the Veterans site 

GI Bill^® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.

Alternative Loans. These interest-accruing private loans are available if loan funds are needed in addition to the Federal Direct Stafford Loans. To be eligible, the student must demonstrate creditworthiness or have a cosigner who is creditworthy. Interest rates vary depending on credit score. Payments are deferred until graduation or the student is enrolled less than half-time. For more information visit uindy.edu/financial-aid/private-loan-information.

United Methodist Scholarships. A limited number of scholarships, funded by the General Board of Higher Education and Ministry of the United Methodist Church, are available to students who are active members of the denomination. Scholarships range from $500 to $1,000. Applications and additional information are available at gbhem.org.

Contributions of at least $10,000 have been made by various donors to establish endowments that support the general scholarship fund. These endowments often carry the name of the donor or are provided in memory of another individual or family member. Award amounts depend on availability of funds, financial need of the applicant, and criteria established by the donors. In some cases, award decisions are made by the academic department. Students who wish to be considered for these awards are required to submit the Free Application for Federal Student Aid and the University of Indianapolis Application for Financial Aid and any other documentation required by the academic department.

• Leila W. Anderson Award for Christian Service
• Dorlis Gott Armentrout Award
• Elisa Bowen Bell Award for Excellence in Radio & TV
• Gerald G. Boyce Scholarship
• Mary L. Cannon Scholarship
• Clare Chrysler Scholarship
• Wayne Patrick Comer Scholarship
• Cooper Memorial Physical Therapy Scholarship
• Roy V. Davis Geography Award
• Roy V. and Olive Davis Memorial Scholarship
• John Deever Memorial Scholarship
• Dr. Charles Dill Memorial Scholarship
• Douglas Dorland Memorial Scholarship
• Kathryn Carty Eads Award
• Eugene Eads Memorial Scholarship
• Anna E. Gott Award
• Garland and Jennette Gott Earth Science Award
• Mary Gott Art Award
• Earl Harris Business Award
• Ralph and Priscilla Hay Scholarship
• Robert L. Kent Memorial Scholarship
• Dr. Marga Meier Scholarship
• William P. Morgan Scholarship
• Roland T. Nelson Scholarship
• Kate Ratliff Award
• Deb Shay Award
• Dwight L. Smith Award
• Kermit R. Todd Scholarship
• Underwood Earth-Space Science Award
• Richard F. Veazy Scholarship
• Samuel and Harriet Woods Scholarship

Endowment funds that have been contributed under the Church-Named Scholarship Program generate several scholarships for deserving United Methodist students. Under this plan, the church agrees to establish an endowment fund that will be built, usually over a period of years, to a total of $25,000. The church may then recommend students from the congregation for the scholarships generated from this fund. If recipients are not recommended by the church, the University selects another United Methodist student to receive the scholarship. The following churches participate in the Church-Named Scholarship Program.

• Christ United Methodist Church Scholarship
  • Christ United Methodist Church, Crawfordsville, Indiana
• Heedlie Cobb Scholarship Fund
  • United Methodist Church, New Castle, Indiana
• Hunter Colpitts Scholarship
  • High Street United Methodist Church, Muncie, Indiana
• Nellie Glick Scholarship
  • Brookside United Methodist Church, Indianapolis, Indiana
• The Reverend Robert P. and Melissa Hawkins Scholarship
  • Otterbein United Methodist Church, Washington, Indiana
• Stanley and Kathryn Linkel Scholarships
  • Rosedale Hills United Methodist Church, Indianapolis, Indiana
• North Central United Methodist Church Scholarship
• University Heights United Methodist Church Scholarship
  • University Heights United Methodist Church, Indianapolis, Indiana
• The Reverend Harold E. Williams Scholarship
  • St. Luke’s United Methodist Church, Kokomo, Indiana

Space limitations prohibit detailed information about all of the financial aid programs. For further information on the aid programs and appropriate application procedures, please direct inquiries to The Office of Financial Aid, University of Indianapolis, 1400 East Hanna Avenue, Indianapolis, Indiana 46227-3697; telephone: (317) 788-3217; fax: (317) 788-6136; website: uindy.edu/financial-aid.