Financial Aid Eligibility
To be eligible for financial aid:
- You must be admitted into a degree seeking program.
- Accelerated students are advised to enroll in all three sessions totaling at least 6 credit hours each semester.
- Extended Studies (evening) students are encouraged to be enrolled in at least 6 credit hours each semester to maximize eligibility.
- Extended studies (evening) and accelerated division students are assessed significantly reduced tuition charges and are typically enrolled part-time (6-11 hours). Part-time enrollment may qualify you for Federal Pell Grants, state part-time grants and/or Federal Direct Stafford loans.
Students applying for financial aid are considered by the Office of Financial Aid for all programs for which they are eligible, including federal, state and institutional aid programs. A financial aid counselor will review the following criteria when reviewing a student’s file:
- The Free Application for Federal Student Aid (FAFSA) data. With only a few exceptions, all students must file a FAFSA each academic year.
- First consideration for processing will be given to applicants who submit the necessary forms by the appropriate deadlines.
- To be considered for full-time state aid programs, the initial FAFSA must be received by the Federal Processing Center by March 10 prior to fall enrollment.
- Part-time state aid programs may be available for applicants who submit an initial FAFSA by July 1 and complete Indiana's Part-Time Grant Application.
- In most cases, only students who are United States citizens, permanent residents or eligible noncitizens as defined by the federal government, are eligible for federal financial aid. Other important federal criteria are: default status on prior federal loan programs such as Federal Perkins and Direct Stafford; good standing with the Federal Direct grant programs such as Pell and Supplemental Educational Opportunity; lifetime student loan limits; and registration with Selective Service (if male and required to do so).
- UIndy Aid Application information. UIndy gathers additional information necessary to best process the student's FAFSA and better identify all aid opportunities through its UIndy Aid Application. This form is requested once prior to semesters I and II, and then again (via a Summer UIndy Aid Application) prior to each summer session in which the student plans to attend.
To receive federal aid, the student must demonstrate financial need via the FAFSA and:
- Meet the general eligibility requirements outlined above,
- Meet the eligibility requirements imposed by specific aid programs, and
- Maintain satisfactory academic progress toward completion of a degree within a reasonable time period. Failure to make normal progress will cause the student to be ineligible for federal, state and institutional aid programs.
Duration of eligibility
Regulations also govern the maximum length of time a student may receive financial aid. Students working toward a baccalaureate degree may not receive aid beyond 150 percent of the length of their program of study. For a student pursuing a bachelor’s degree, this time frame is defined to be 186 total credit hours attempted (150 percent of hours to graduate). For a student pursuing an associate’s degree, this time frame is defined to be 93 total credit hours attempted (150 percent of 62 hours to graduate).
Transfer hours count toward the maximum time frame. Some programs, like state grants, may restrict the student’s eligibility for aid to less than the above time frame.
With the exception of the Federal Direct Stafford loan and Federal Work Study, financial aid is awarded to undergraduate students working toward their first bachelor's degree.