The Indiana Commission for Higher Education (ICHE) announced that it has seen an unprecedented increase of on-time 2010-11 FAFSA filers and expects many of those applicants to have increased financial need and aid eligibility. ICHE estimates that the need-based Higher Education Award (Frank O’Bannon Grants) could be reduced.
The ICHE 21st Century Scholar awards and the National Guard awards ARE NOT IMPACTED BY THE ESTIMATED REDUCTION.
The actual award amounts have not yet been determined by ICHE. IUPUI has provided “ESTIMATED” O’Bannon awards based upon the 2009 - 2010 academic year award amounts. The final awards to students will be determined by ICHE and that process will not occur until ICHE sets their final funding amounts. We anticipate this will occur late June.
What does this mean for IUPUI students who normally receive Frank O'Bannon awards?
- Your award notification reflects an estimate. It is possible that any ICHE estimated award shown on the award package you receive from IUPUI could change.
- ICHE will notify Indiana students of their final award. We will issue revised award notices (via email) to eligible students and you may view your updated financial aid information on OneStart.
Again, all of this is dependent upon the final Indiana State Budget and IUPUI does not have an estimated timeline on this process.
If you have questions, please feel free to contact our office via email at firstname.lastname@example.org