Student Eligibility

To be eligible for financial aid, a student generally must be enrolled in at least six credit hours each semester in courses leading to a first undergraduate degree. A few students who are enrolled less than half-time may receive Federal Pell Grant funds and part-time grant monies from the state. Students enrolled at least halftime in extended evening and accelerated program courses may be eligible for Federal Pell Grants, State Part- Time Grant, Federal Stafford Student Loans, and Federal Plus Loans (dependent students) only. Students enrolled in accelerated courses must be enrolled in all sessions within each term. Because of the reduced tuition structure, University awards are not available to students enrolled in evening extended studies or accelerated programs. Students pursuing a second undergraduate degree may be eligible for Perkins Loans, Federal Work Study, Federal Stafford Loans, and Federal Parent Loans.

With few exceptions, students who wish to be considered for financial aid are required to submit the Free Application for Federal Student Aid (FAFSA) and the University of Indianapolis Application for Financial Aid. These forms must be received by March 10 prior to the beginning of the fall semester. Applications received after March 10 will be considered for limited funding.

Financial need and academic achievement are the major criteria used in awarding University funds. Generally speaking, need-based scholarships are awarded to students who show need and maintain at least a B average in their academic work. Grants are made available to students who show financial need and maintain at least a C average academic record. Several scholarships are awarded to outstanding students based solely on their academic performance in high school.

All need-based financial aid awards to students are determined by the Office of Financial Aid of the University of Indianapolis, and students applying for aid are considered for all programs for which they are eligible. The eligibility criteria for each of the federal, state, and University programs are described in a later section.

Many financial aid awards are renewable over the normal four-year college program. The student must continue to (1) meet the general eligibility requirements for aid, (2) demonstrate financial need (when awards are need-based) by submitting the Free Application for Federal Student Aid, (3) meet any specific eligibility requirements applicable for that award, and (4) meet the satisfactory academic progress requirements as established by the Office of Financial Aid. The student must reapply for financial aid each year by March 1.

Following are descriptions of the various financial aid programs available to students at the University of Indianapolis.