First Year Award

Students who complete at least 30 credit hours per year have the best chance to graduate on-time. Therefore, students receiving the Higher Education Award, Freedom of Choice Award or the 21st Century Scholars Award must complete at least 30 credit hours by the end of their first year of college to remain eligible for the maximum award. (Credits successfully completed during high school such as dual and AP credits do count towards a student’s completion requirement.) A student who completes between 24 and 29 credit hours by the end of his or her first year may remain eligible for state aid, if the student has financial need, but will receive an amount less than a student who completes 30 credit hours.

Awards may be revised or withdrawn based on your enrollment status, verification of your FAFSA performed by the college or other tuition-specific funding you may be receiving. In addition to other eligibility requirements, students must maintain the Satisfactory Academic Progress Grade Point Average (SAP GPA) and completion standards as determined by the institution in order to receive state financial aid. Indiana residency must be maintained by the student (and parent, if student is dependent) for the entire academic year to remain eligible for a state financial aid award.

Students receiving the Higher Education Award or Freedom of Choice Award may earn additional financial aid incentives in future years 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 39/78 credit hours by the end of their first/second year of college.