IU Grant Awards: Pell Promise Award
Through the Pell Promise Award, IU provides the balance of funding needed to cover the full tuition and mandatory fees for in-state undergraduates who qualify for Federal Pell Grants. This "Pell Promise" will make IUB more accessible than ever before for Indiana residents from low- and moderate-income families.
IU PELL PROMISE AWARD DETAILS
- Freshmen: Must have a minimum SAT score of 1150 (or ACT equivalent), and then maintain a cumulative 3.0 GPA at IUB.
- Upperclassmen: Must maintain a cumulative 3.0 GPA at IUB.
- Students must be enrolled full-time.
- Students must be classified as Indiana residents, paying in-state, undergraduate tuition and fees.
- When combined with the student's Federal Pell Grant and any other gift aid, the Pell Promise Award will cover the balance of tuition and fees.
FEDERAL PELL GRANT DETAILS
- Students must be pursuing their first undergraduate degrees.
- A FAFSA must be filed.
- Students must meet Satisfactory Academic Progress Standards.
- The Federal Pell Grant is a need-based award and thus counts towards meeting a student's overall need figure.
- Federal Pell Grants are based on the EFC (Expected Family Contribution) from the FAFSA.
- Students with an EFC range of $0 to $4041 are eligible for Federal Pell Grants.
- Eligibility is based upon the number of enrolled hours at the end of the first week of classes.