Scholarships and Wabash Grants
Scholarships are renewable each year and do not require repayment by the student. Students must attain the cumulative grade point average and the number of course credits required at the end of each academic year in order to make normal progress toward graduation.
Wabash Grant Assistance
These awards are based on financial need as determined by the CSS/PROFILE and the FAFSA results and are disbursed to students who are enrolled full-time. Assistance designated as Wabash Grant may ultimately be funded by an endowed scholarship source. In order to package students in a timely manner, the Financial Aid Office will often package students with a Wabash Grant which will later be underwritten by a named endowed scholarship.
Wabash Endowed Scholarships
These awards are based on financial need as determined by the CSS/PROFILE and the FAFSA and appear on the financial aid award notification as a named award or scholarship. There is not a separate application process for these awards. Eligibility requirements vary and are determined by the individual donors. Because it is an honor to be named the recipient of a Wabash endowed scholarship, you may be asked to write a note of appreciation to the donor.
Federal and State Grants
The following funds are awarded by government agencies and are applied for through the Free Application for Federal Student Aid (FAFSA) each year. Any value listed on your financial aid award is considered an estimate until the application process is complete, including verification, and the granting agency has confirmed the award.
This is a non-need-based award for students who intend to teach in high-subject areas for at least four years at schools that serve students from low-income families. The TEACH Grant will be converted to an unsubsidized Stafford loan if the requirements of the program are not met.
These grants are awarded to students with exceptional financial need and are considered the foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
HEA and FOC funds are made available through the State Student Assistance Commission of Indiana (SSACI). These need-based grants are awarded to Indiana residents who have graduated from an Indiana high school or have been granted a GED. The FAFSA must be filed no later than March 10th of each year in order to be considered for HEA and FOC assistance.
Other State Grants
Not all states allow their grant funding to travel to out-of-state institutions. Students who are the recipients of portable state grants should send a copy of their state grant award notification to the Financial Aid Office. Non-Indiana residents must meet any deadlines established by their state scholarship program. Deadlines
for individual state programs are listed on the FAFSA.
Disbursement of Aid
Generally, all financial assistance is divided equally between the Fall and Spring semesters. Once the financial aid process is complete and funding has been received, grant and scholarship funds will be applied to the student's account against direct charges from the College. If there is a credit balance on the student's account after all aid is applied, the student and/or parent receives a refund from the Business Office after the student completes the registration process. Any refund should be used toward indirect educational expenses. Please note that any portion of your total grant/scholarship that exceeds cost of your tuition, fees, books, and supplies is considered taxable income.