How do I get Financial Aid?
All students must fill out the Free Application For Student Aid (FAFSA) form. This can be filled out online. The FAFSA form will determine your eligibility for loans and grants.
Student Loans are guaranteed by the U.S. Government and provided by national banks. Loans must be eventually be re-paid, but arrangements may be made to delay re-payment while enrolled. Loans come in two forms: Subsidized and Unsubsidized.
When the loan accrues interest while you are enrolled in school at least half-time (6 credits or more per semester), the government will pay that interest. Subsidization is not available on all loans.
With these loans, the interest will accrue as normally and be compounded into the loan, even while you are attending classes. You may optionally pay this interest each month to prevent compounding, however.
Admission based and Merit Scholarships are awarded to qualifying students. Read more about scholarships.
Grants are similar to scholarships in that you do not need to ever be re-pay them. However, unlike scholarships, which are generally awarded based on merit or other qualifications, grants are awarded based on financial need. Depending on your "Expected Family Contribution", you may receive one or both of Federal or State grants.
Federal Pell Grants
These grants are commonly awarded to students in financial need and vary in size based on the number of credit hours enrolled (full-time receives more than half-time). The application for federal grants is the FAFSA that students file each year. Learn more about Federal Grants.
State SSACI Grants
For state grants offered by SSACI (the State Student Assistance Commission of Indiana), while annually filing the FAFSA is necessary, often additional applications are also required. To receive these grants, you must be enrolled full-time (12 credit hours) or more. Learn more about SSACI Grants.