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At a Glance

Available Financial Aid

School for Adult Learning financial aid options include federal and state assistance programs.

Federal assistance programs

Federal Pell Grants

The Pell Grant is the largest need-based federal grant program, serving nearly 7,000,000 students a year. Pell Grants are available only to undergraduate students. These grants range from $606 to $5,920 for the 2017-18 academic year, depending on the need of the applicant. Regularly enrolled students who are U.S. citizens, permanent residents or eligible noncitizens who have demonstrated financial need and who have complied with Selective Service registration requirements are eligible to apply for a Pell Grant. Pell Grant is an entitlement program, meaning all students who are eligible will receive awards. While the award is actually paid to the student through the school, the student's eligibility and award amount are determined by the Department of Education. A student will automatically be considered for a Pell Grant when the Free Application for Federal Student Aid (FAFSA) is submitted each year.

Federal Direct Stafford Student Loans

The Federal Direct Stafford Student Loan Program makes low-interest loans available to students who are enrolled at least half-time (6 hours per semester for undergraduate students, 4.5 hours for graduate students). To be eligible for the federally subsidized loan, the student must show financial need unmet by other sources and be an undergraduate student. This loan provides an annual fixed interest rate. Repayment begins six months after the student ceases half-time enrollment.* Unsubsidized Federal Stafford Loans also are available to students without regard to financial need. Loan limits and interest rates are the same as those in the subsidized program. Repayment of the principal begins six months after the student ceases half-time enrollment, but interest begins to accrue immediately.

*As of July 1, 2013, a first-time borrower is no longer eligible for Direct Subsidized Loans once the borrower has received Direct Subsidized Loans for a period that is 150 percent of the published length of the borrower's current program.


Annual

  Base Amount
(subsidized/
unsubsidized)
 Additional
Unsubsidized

(dependent
students)
 Additional Unsubsidized
(independent students)
Freshman
(0–25 hours) 
  $3,500    $2,000   $6,000
Sophomore
(26-59 hours) 
  $4,500   $2,000   $6,000
Junior or Senior
(60+ hours) 
  $5,500   $2,000    $7,000
Graduate    $8,500
(only
unsubsidized) 
  n/a    $12,000
(Traditional)
$24,500
(only for Doctorate in
Psychology) 
Graduate Prerequisites   $5,500    n/a    $7,000 

Aggregate

  Subsidized Subsidized/
Unsubsidized

(dependent
students)
 Subsidized/ Unsubsidized
(independent students)
Undergraduate
Subsidized/Unsubsidized
Aggregate Maximum 
  $23,000     $31,000    $57,500
Graduate
Subsidized/Unsubsidized
Aggregate Maximum 
  $65,500     n/a   $138,500
(Traditional)
$224,000
(only for Doctorate in
Psychology) 

State assistance programs

Frank O'Bannon Grants – Freedom of Choice Award

The Frank O'Bannon Grant is designed to provide access for Indiana students to attend eligible postsecondary institutions. The Grant receives its funding through appropriations made by the Indiana General Assembly. The Grant, targeted to tuition, is "need-based" and does not require payment.

Program requirements:

  • Must be an Indiana resident by Dec. 31 of the year prior to applying for aid
  • Must be a U.S. citizen or eligible noncitizen
  • Must be a high school graduate or hold a GED
  • Must attend, or plan to attend, an eligible college or university
  • Must be enrolled, or plan to enroll in a course of study leading to an associate or first bachelor's degree
  • Must be a full-time student, or plan to enroll as a full-time student
  • Must file the FAFSA by April 15 prior to the academic year of intended enrollment

Renewal requirements:

  • Must earn 30 credit hours by the end of each academic year to renew the maximum available amount. May be eligible for a lesser amount if the student earns at least 24 credit hours by the end of each academic year. Students that continue to be eligible for the Frank O’Bannon Grant may earn additional financial aid incentives for academic performance including: maintaining a cumulative GPA of at least 3.0, earning an associate degree before enrolling in a bachelor’s degree program, or earning at least 39 credit hours by the end of an academic year. Students must remain Indiana residents and continue filing the FAFSA by April 15 each year.

Get more information about the Frank O'Bannon Grant ►

21st Century Scholarship

The 21st Century Scholarship is Indiana's early promise program, offering income-eligible Indiana students up to four years of tuition assistance.

Indiana's 7th and 8th grade students can apply for the 21st Century Scholars Program at scholars.in.gov. Students not admitted into the program can reapply the following year, but–with the exception of students in foster care–all students must apply by June 30 of their 8th grade year.

Program requirements:

  • Complete the Scholar Success Program, which includes activities at each grade level in high school to help you plan, prepare and pay for college.
  • Graduate from a state-accredited high school with a minimum of a Core 40 diploma and a cumulative GPA of at least 2.5 on a 4.0 scale.
  • Not use illegal drugs, commit a crime or delinquent act, or consume alcohol before reaching the legal drinking age.
  • File the FAFSA by April 15 as a high school senior and each year thereafter until you graduate from college.
  • Students enrolled in the program on July 1, 2011 or after will need to show financial need. The student's EFC from the FAFSA must not exceed the cost of attendance at the most expensive state school for the upcoming school year.
  • Apply to an eligible Indiana college or university as a high school senior, and enroll as a full-time student within one year of high school graduation.
  • Maintain Satisfactory Academic Progress (SAP) standards established by my college.
  • Complete 30 credit hours each year you are in college to stay on track toward earning your degree on time.

Renewal requirements:

  • Must complete at least 30 credit hours by the end of each academic year. If a student fails to complete 30 credit hours but does complete 24 within the appropriate timeframe, the student may be awarded a Frank O'Bannon Grant (see above) instead of the 21st Century Scholarship.

Get more information about the 21st Century Scholarship ►

Mitch Daniels Early Graduation Scholarship

The Mitch Daniels Early Graduation Scholarship is a one-time grant for students who graduate from a publicly supported high school at least one year early.

Program requirements:

  • Must be an Indiana resident and a U.S. citizen or eligible noncitizen
  • Must have attended a publically supported high school on a full-time equivalency basis for at least the last two semesters before the student graduated
  • Must have met at least the minimum requirements for granting a high school diploma by the end of grade 11, including any summer courses completed by July 1 of the year of graduation
  • Must have been awarded a high school diploma
  • Must not have been enrolled in a publicly supported high school for any part of the fourth year (grade 12)
  • Must, within five months of graduating high school, be taking classes and be in good standing at an eligible institution in a program leading to an approved postsecondary degree or credential
  • Must meet any other minimum criteria established by the Commission

How to apply:

  • Submit a complete and corrected FAFSA
  • Submit a complete Mitch Daniels Early Graduation Scholarship by September 4 prior to the academic year of intended enrollment.

Get more information about the Mitch Daniels Early Graduation Scholarship ►

Adult Student Grant

The Adult Student Grant (formerly known as the Part-Time Grant) is eligible to independent Indiana students who are enrolled in six or more credit hours and have state grant eligibility remaining. Students receiving the Adult Student Grant cannot receive the Frank O'Bannon Grant or 21st Century Scholarship during the same award year. The University will always award the student whichever grant they will benefit from most.

Program requirements:

  • Must be an Indiana resident and a U.S. citizen or eligible noncitizen
  • Must be financially independent as determined by the FAFSA
  • Must show financial need and have an Expected Family Contribution of 1,500 or less
  • Must be enrolled in at least six (6) credit hours at an eligible Indiana institution
  • Must maintain Satisfactory Academic Progress (SAP)
  • Meet any other minimum criteria established by the Indiana Commission for Higher Education

Renewal requirements:

  • File the FAFSA each academic year
  • Continue to meet the state's threshold for showing financial need
  • Earn at least eighteen (18) credit hours

How to apply:

  • Submit a complete and corrected FAFSA prior to applying
  • Submit a complete Adult Student Grant Application through ScholarTrack
  • The scholarship is first come, first serve and you must have the FAFSA and Application complete to preserve your spot.

Get more information about the Adult Student Grant ►

Non-Indiana residents

Information on grants from the student's home state is available through the National Association of State Student Grant & Aid Programs.


Other sources available

Alternative loans

Interest-accruing private loans are available if loan funds are needed in addition to the Federal Direct Stafford Loans. To be eligible, the student must demonstrate creditworthiness or have a cosigner who is creditworthy. Interest rates vary depending on credit score. Payments are deferred until graduation or the student is enrolled less than half-time.

More information about private loans ►

UIndy payment plan options

If payment in full is not possible by the payment deadline, UIndy’s Accounting Office offers interest-free payment plans.

More information about UIndy payment plans ►