Frank O'Bannon Award Renewal
Students who complete at least 30 credit hours per year have the best chance to graduate on-time. The above base state financial aid award assumes you have completed or will complete at least 24 credit hours by the end of your first year in college/ 48 credit hours by the end of your second year in college/ 72 credit hours by the end of your third year in college. If you fail to successfully complete at least 24/48/72 credit hours during the appropriate timeframe, you will not be eligible for this award.
The state financial aid program also awards incentive bonuses for your academic performance. You may be eligible for an increased base award amount if you completed at least 30/60/90 credit hours by the end of your first/second/thirdyear in college. You may earn additional award incentives based on the your performance in the previous year, if you maintain a cumulative GPA of at least 3.0, earn an associate degree before enrolling in a bachelor degree program or complete at least 39/72 credit hours by the end of your first/second year in college. Please visit ICHE for more information about determining your state financial aid award.
Awards may be revised or withdrawn based on your credit completion, enrollment status, verification of your FAFSA performed by the college or other tuition-specific funding you may be receiving.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.