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Campus Administrative Training Series / Bloomington Financial and Administrative Resource Page
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Financial Aid Guidelines

Undergraduate Student Scholarships – 5880

Activity:

Undergraduate Student Scholarships – 5880

Financial Policy: N/A
Related Policies:

Definition of scholarships is based on the U.S. Department of Education’s definition of Estimated Financial Assistance and regulations for Packaging Federal Financial Aid as outlined in the Higher Education Opportunity Act of 2008 http://www2.ed.gov/policy/highered/leg/hea08/index.html

Additional Forms: N/A

Things to Know:

Financial aid should be budgeted according to the following expenditure object codes and descriptions that are specific to financial aid activity.

  • Undergraduate Student Scholarships – 5880
    Scholarships include all unrestricted, non-service related stipends, regardless of the funding source or name of the award for the purpose of aiding an undergraduate student’s study, training, or research.  “Unrestricted” means that funds are not limited to paying certain expenses, such as tuition.  Scholarship recipients are expected to enroll in at least 1 credit hour per term (including summer term).  Expense for this category is to be processed through SIS financial aid.
    This includes student funding for overseas study as well as funding with the name “prize” or “award” if that funding is for the purpose of aiding the student’s study, training, or research.  See Other Miscellaneous Financial Aid Topics section for more information on these funding categories. Contact responsible financial aid office if there are additional questions.
    The best way to ensure that a scholarship processed through SIS will be approved by the OSFA is to enter the awards prior to the semester disbursement date (10 days before the first day of classes each semester).
  • Please contact the Office of Student Financial Assistance (OSFA), deptsch@indiana.edu for questions.