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Frank O'Bannon Grant Higher Education Award

The Frank O'Bannon Grant is need based and the amount of the award varies each year based on funding levels and the number of eligible students. The amount of an O'Bannon Grant is calculated based on Free Application for Federal Student Aid (FAFSA) information.

Additional award incentives may be earned based on academic performance in the previous year, by maintaining a cumulative GPA of at least 3.0, earning an associate degree before enrolling in a bachelor degree program or completing at least 39/72 credit hours by the end of the first/second year in college.

If you would like more information about the program, please visit the Frank O'Bannon website here.

 2017-2018 Frank O'Bannon Grant Awarding Chart

      • 2017-2018 Frank O'Bannon Grant Awarding Chart

To qualify for state grant consideration the applicant must:

» Be an Indiana resident;
» Be a U.S. Citizen or eligible noncitizen
» Be a high school graduate or hold a GED
» Attend, or plan to attend, an eligible Indiana college or university
» Be enrolled, or plan to enroll, in a course of study leading to an associates or first bachelor's
» Be a full-time student, or plan to enroll as a full-time student. (The state defines full-time as
  at least 12 credit hours per term); and

» File a Free Application for Federal Student Aid (FAFSA) by April 15 of the year proceeding the
  academic year the applicant plans to enroll.

The state award eligibility period is limited to eight semesters within a maximum of eight years. A student must be full-time (12 semester hours) on the state award “census” date (the end of the 25% refund period & end of the fourth week of the semester). If a student has dropped below full-time before the census date, state awards are cancelled in full and the student's bursar account will reflect an amount due that is equal to the cancelled award.

Frank O’Bannon Grant Renewal

Due to state regulations, completing at least 24 credit hours per year is required of students who initially enrolled and began receiving financial aid from the state of Indiana on or after the start of the Fall 2013 semester. Therefore, in order to continue receiving Frank O'Bannon funds from one year to the next students must complete at least 24 credit hours by the end of their first year in college, 48 credit hours by the end of their second year in college, and 72 credit hours by the end of their third year in college. If a student fails to successfully complete at least 24/48/72 credit hours during the appropriate timeframe, he or she will not be eligible for this award the following year. Students who attended and received financial aid from the state of Indiana prior to the Fall 2013 semester will not be held to the new credit hour legislation.