Indiana § 21-12-1.7-3 Annual publication of schedule of award amounts; applying credits

Indiana Statutes

§ 21-12-1.7-3 — Annual publication of schedule of award amounts; applying credits

Indiana § 21-12-1.7-3

Title 21HIGHER EDUCATION

Art. 12GENERAL SCHOLARSHIPS AND GRANTS

Ch. 1.7Establishment of Award Amounts by the Commission

This text of Indiana § 21-12-1.7-3 (Annual publication of schedule of award amounts; applying credits) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-12-1.7-3 (2026).

Text

(a)This section applies to an academic year beginning after August 31, 2014. The commission shall publish annually a schedule of award amounts for the higher education award and freedom of choice grant issued under this article. The schedule must provide award amounts on the basis of the federal needs calculation. The federal needs calculation shall be derived from information submitted on the recipient's financial aid application form. The commission shall determine award amounts separately for:

(1)recipients attending approved public state educational institutions (except Ivy Tech Community College);

(2)Ivy Tech Community College;

(3)recipients attending a nonprofit college or university listed in IC 21-7-13-6(a)(1)(C); and

(4)recipients attending approved postsecondary credit beari

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(a) This section applies to an academic year
beginning after August 31, 2014. The commission shall publish
annually a schedule of award amounts for the higher education award
and freedom of choice grant issued under this article. The schedule
must provide award amounts on the basis of the federal needs
calculation. The federal needs calculation shall be derived from
information submitted on the recipient's financial aid application form.
The commission shall determine award amounts separately for:
(1) recipients attending approved public state educational
institutions (except Ivy Tech Community College);
(2) Ivy Tech Community College;
(3) recipients attending a nonprofit college or university listed in
IC 21-7-13-6(a)(1)(C); and
(4) recipients attending approved postsecondary credit bearing
proprietary institutions.
(b) This subsection applies to an academic year beginning after
August 31, 2017. The schedule of award amounts published under
subsection (a) must offer a larger award to first time and prior
recipients who successfully completed:
(1) at least thirty (30) credit hours or the equivalent during the last
academic year in which the student received state financial aid;
or
(2) at least thirty (30) credit hours or the equivalent during the last
academic year in which the student was enrolled in a
postsecondary educational institution.
(c) In determining eligibility under subsection (b), the commission
shall apply all the following types of credits regardless of whether the
credits were completed during the last academic year described in
subsection (b)(1) or (b)(2):
(1) Credits earned from dual credit, advanced placement,
Cambridge International, and international baccalaureate courses.
(2) College credits earned during high school.
(3) Credits earned exceeding thirty (30) credit hours during a
previous academic year in which a student received state financial
aid.
(d) The schedule of award amounts shall set forth an amount for
recipients described in subsection (a)(1) that is equal to fifty percent
(50%) of the amount for recipients described in subsection (a)(3).