FRANK O'BANNON GRANT
The below requirements are effective for all students who use state financial aid with a credit completion requirement in the 2016-2017 award year or later and attempt to renew a Frank O’Bannon Grant in the 2017-2018 award year or later.
On-Time Award Amount
To renew the Frank O’Bannon Grant at the full award amount (known as the on-time Frank O’Bannon Grant), students must earn at least 30 credit hours or the equivalent in the last award year the student used state financial aid with a credit completion requirement.
Full-Time Award Amount
To renew the Frank O’Bannon Grant at a reduced award amount (known as the full-time Frank O’Bannon Grant), students must earn at least 24 credit hours or the equivalent in the last award year the student used state financial aid with a credit completion requirement.
Regaining Eligibility
Students who lose eligibility for the Frank O'Bannon Grant by failing to meet the credit completion requirement can regain eligibility for future award years. Students can regain eligibility for the Frank O'Bannon Grant by earning at least 24 credit hours or the equivalent in a twelve-month period after the end of the last award year the student used state financial aid with a credit completion requirement. However, students cannot combine hours earned in a non-award year with hours in the credit bank to regain eligibility.
Students Who First and Last Used State Financial Aid Between the 2013-2014 and 2015-2016 Award Years:
- Students who were subject to the original credit completion requirements enacted by HEA 1348-2013 will be held to those requirements when renewing the Frank O’Bannon Grant in the 2017-2018 award year or later unless those students use state financial aid with a credit completion requirement in the 2016-2017 award year or later.
Students Who First Used State Financial Aid Before the 2013-2014 Award Year:
- Students not subject to the original credit completion requirements enacted by HEA 1348-2013 (i.e. "Exempt Students") will not be subject to credit completion when renewing the Frank O’Bannon Grant in the 2017-2018 award year or later unless those students use state financial aid with a credit completion requirement in the 2016-2017 award year or later.
21ST CENTURY SCHOLARS
To renew the 21st Century Scholarship, students must earn at least 30 credit hours or the equivalent in the last award year the student used state financial aid with a credit completion requirement.
Scholars who fail to meet the credit completion requirement for the 21st Century Scholarship may be eligible for the Frank O’Bannon Grant or other forms of state financial aid.
Regaining Eligibility
Students who lose eligibility for the 21st Century Scholarship by failing to meet the credit completion requirement can regain eligibility for future award years. Students can regain eligibility for the 21st Century Scholarship by earning 30 credit hours or the equivalent in a twelve-month period after the end of the last award year the student used state financial aid with a credit completion requirement. However, students cannot combine hours earned in a non-award year with hours in the credit bank to regain eligibility.
Students Who First and Last Used State Financial Aid Between the 2013-2014 and 2015-2016 Award Years:
- Students who were subject to the original credit completion requirements enacted by HEA 1348-2013 will be held to those requirements when renewing the 21st Century Scholarship in the 2017-2018 award year or later unless those students use state financial aid with a credit completion requirement in the 2016-2017 award year or later.
Students Who First Used State Financial Aid Before the 2013-2014 Award Year:
- Students not subject to the original credit completion requirements enacted by HEA 1348-2013 (“Exempt Students") are subject to the credit completion requirement if they use a state financial aid program with a credit completion requirement in the 2016-2017 award year or later. “Exempt Students” will not be subject to credit completion when renewing the 21st Century Scholarship if they have not used a state financial aid program with a credit completion requirement in the 2016-2017 award year or later.
ADULT STUDENT GRANT
The below requirements are effective for all students who use state financial aid with a credit completion requirement in the 2016-2017 award year or later and attempt to renew an Adult Student Grant in the 2017-2018 award year or later.
To renew the Adult Student Grant, students must earn at least 18 credit hours or the equivalent in the last award year the student used state financial aid with a credit completion requirement.
Regaining Eligibility
Students who lose eligibility for the Adult Student Grant by failing to meet the credit completion requirement can regain eligibility for future award years. Students can regain eligibility for the Adult Student Grant by earning at least 18 credit hours or the equivalent in a twelve-month period after the end of the last award year the student used state financial aid with a credit completion requirement. However, students cannot combine hours earned in a non-award year with hours in the credit bank to regain eligibility.
Students Who First and Last Used State Financial Aid Between the 2013-2014 and 2015-2016 Award Years:
- Students who were subject to the original credit completion requirements enacted by HEA 1348-2013 will be held to those requirements when renewing the Adult Student Grant in the 2017-2018 award year or later unless those students use state financial aid with a credit completion requirement in the 2016-2017 award year or later.
Students Who First Used State Financial Aid Before the 2013-2014 Award Year:
- Students not subject to the original credit completion requirements enacted by HEA 1348-2013 ("Exempt Students") will not be subject to credit completion when renewing the Adult Student Grant in the 2017-2018 award year or later unless those students use state financial aid with a credit completion requirement in the 2016-2017 award year or later.
NEXT GENERATION HOOSIER EDUCATORS SCHOLARSHIP
To renew the Next Generation Hoosier Educators Scholarship, students must earn at least 30 credit hours or the equivalent during the previous award year. Like other forms of financial aid, students may use the credit bank to meet credit completion.
CREDIT BANK
When a student fails to earn 30 credit hours or the equivalent in the last award year a student used state financial aid with a credit completion requirement, the Commission will apply all of the following types of credit toward a student’s credit completion requirement:
- Credits earned from dual credit, advanced placement, and international baccalaureate courses.
- College credits earned during high school.
- Credits earned in excess of 30 credit hours or the equivalent during a previous award year in which a student used state financial aid with a credit completion requirement.
The Commission will track these credits through the Credit Bank.