The Midwestern Higher Education Compact surmises that all colleges fall into one of three categories: low tuition and low aid, moderate tuition and moderate aid, and high tuition and high aid. Indiana falls between high and moderate category.
This means, although the average tuition for an Indiana college is higher, approximately $7,306 for public four year colleges and $23,468 for private four year colleges according to the National Center for Education Statistics, the amount of financial assistance offered to students is just as high.
The Project on Student Debt tells us that 60% of students attending college in Indiana graduate with $21,283 in debt, however, the Indiana Commission for Higher Education states that less than 60% of students who seek to earn their bachelor’s degree in the state actually graduate within six years.
If you want to be one of the 40% who graduate on time, with little to no student debt, locating the high amount of financial aid offered by Indiana is essential.
The following are a list of some of the best scholarships and grants available to students who wish obtain their education in the Hoosier state.
Grant & Scholarship Opportunities
- Frank O’Bannon Grant Program - This grant, formerly known as the Indiana Higher Education Grant, is a need based grant available to Indiana resident who have graduated high school or obtained their GED and plan to attend a college or university in Indiana. Students must be enrolled full-time, or have at least 12 credit hours. In order to qualify for this grant, students must fill out a FAFSA.
- Indiana CPA Society Diversity Summit Scholarship - This scholarship provides $500 to Indiana college students who are currently Indiana residents, under-represented minority students, interested in business or accounting, and currently student teachers. Multiple scholarships are presented at the INCPAS Diversity Summit in Downtown Indianapolis at the Marriot.
- Indiana Nursing Scholarship Fund Program - Nursing students who are willing to agree to work as a nurse in a health care facility in Indiana for two years after graduating college may be able to obtain a scholarship for $5,000 for their tuition and fees. Students must be enrolled full-time, demonstrate a financial need, complete a FAFSA, and maintain a minimum GPA of 2.0.
- Hoosier Scholar Award - The Hoosier Scholar Award is an academic merit scholarship offered to Indiana high school students who rank in the top 20 percent of their graduating class and plan to attend an Indiana vocational school, college, or university. Students can receive $500 at the beginning of their freshman year if they are chosen by their high school guidance counselors for this award.
- Twenty-First Century Scholar Program - In 1990, Indiana developed a way of assisting low income students attend college through the Twenty-first Century Scholar Program. Students can attend a four year public college for free under this program if they make and fulfill a pledge stating they will be a good citizen in the 6th, 7th, or 8th grade. If the student decides to attend a four year private college in Indiana, their reward will be the amount a public college would cost.
- Mitch Daniels Early Graduation Scholarship - Students who are residents of Indiana and attend a Indiana public high school may receive this $4,000 scholarship if they are able to graduate with enough credits at the end of their junior year of high school. Students can use summer classes after 11th grade to fulfill credit requirements for Core 40, but must not need to enroll in 12th grade.
Indiana provides its students with a variety of scholarships and grants to help pay for college. If you are interested in continuing your education in the Hoosier state, begin applying for scholarships and grants today!