HEA and FOC
Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) Program, designed to provide access for Hoosier students to attend eligible postsecondary institutions, receives its funding through appropriations made by the Indiana General Assembly. The grants, targeted to tuition and regularly assessed fees, are "need-based" and do not require repayment. Due to variations in appropriations, the number of filers and the "need" of the filer base, the dollar value of state grants will vary from year to year.
Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) includes both the Higher Education Award and the Freedom of Choice Award.

To qualify for state grant consideration the applicant must:

• be an Indiana resident;
• be a U.S. Citizen or eligible noncitizen
• be a high school graduate or hold a GED
• attend, or plan to attend, an eligible college or university
• be enrolled, or plan to enroll, in a course of study leading to an associates or first bachelors degree;
• be a full-time student, or plan to enroll as a full-time student. (The state grant defines full-time as at least 12 credit hours per term); and
• file an application (FAFSA) - receive by March 10 of the year preceding the academic year the applicant plans to enroll.

21st Century Scholars Program
The Twenty –first Century Scholars Program began in 1990 as Indiana’s way of raising the educational aspirations of low- and moderate- income families. The program aids to ensure that all Indiana families can afford a college education for their children.
Indiana residents who file a FAFSA are automatically considered for the Indiana Higher Education, Freedom of Choice and Twenty-first Century grants. The federal processor must receive the FAFSA before the March 10th deadline to be considered for IN state aid. Eligibility for these awards is dependent on financial need. The maximum award from the state of Indiana to a student attending a private college and meeting all the requirements of these three programs in 2007-08 is $10,992.