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Frank O'Bannon Grant


The Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) receives its funding through appropriations made by the Indiana General Assembly.


Eligibility


The student must:

  1. Be enrolled in 12 credit hours of course instruction on the 28th day of class;
  2. Be working toward his or her first bachelor's degree;
  3. Have made any FAFSA corrections, such as signatures, by May 15;
  4. Demonstrate significant financial need;
  5. Be an Indiana resident; and
  6. Have submitted a valid FAFSA (Free Application for Federal Student Aid) by March 10, with ISU as the first choice school. ISU's school code is 001807.

Amount

  • Varies per year in accordance with state appropriations, the type of high school diploma that the student received, and the Expected Family Contribution as determined by the FAFSA
     
  • Restricted to tuition and fees only
     
  • Ranges from $900-$3,700, plus incentives up to $1,600 for eligible students:
    • Academic Honors Incentive ($800, first year only) -  graduate high school with Academic or Technical Honors Diploma;
    • GPA Incentive ($800, second, third, and fourth years) -  earn at least a 3.0 cumulative GPA through the end of the previous award year;
    • Accelerated Schedule Incentive ($1300, second and third years) - complete at least 39 credit hours by the end of the first year; complete at least 78 credit hours by the end of the second year;
    • Associate's Degree Incentive ($800, first, second, third, and fourth years) - earn an associate's degree from an accredited Indiana college or university before enrolling in a baccalaureate program.

Renewal

  • Valid for 8 semesters of full-time enrollment, and must be used within 8 years of initial application.
     
  • IMPORTANT: Students who first become eligible for the Frank O'Bannon Grant during the 2013-2014 academic year or later will be required to meet the following requirements to receive their full award:
    • Meet Satisfactory Academic Progress guidelines;
    • Earn 30 credit hours before the beginning of their second year;
    • Earn 60 credit hours before the beginning of their third year; and
    • Earn 90 credit hours before the beginning of their senior year.

  • Credits completed during summer terms count toward the credit hour total. Students may wish to take summer classes to to reach the 30 earned hours needed for that year. Summer funding may be limited to federal aid not used in the preceding fall and spring. A full Frank O'Bannon award will only be available to students who are on track. Students who earn at least 24 hours each year will be eligible for a reduced award. Students who earn fewer than 24 credit hours will not be eligible for their award.
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  • Part time students may be eligible for grant funding if they complete at least 6 but less than 12 credit hours per term. To apply for a part-time grant, visit the Part-Time Grant Program webpage.
  • Note: Not all transfer credit is immediately evaluated. View the academic progress tab in the MYISU Portal to view your own credit hour calculation.

    

Notification and Disbursement


If eligible, the Frank O'Bannon Grant will be listed on the student's award notification as well as posted to the MyISU Portal account. Funds are applied directly to the student's ISU account approximately ten days before the start of the applicable semester. Students can check their eligibility for state awards on their Division of Student Financial Aid e-student account. Users who are not familiar to using e-student can view a "How To" video appropriate to the situation.

Contact

Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University
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