Office of Student Financial Assistance

Grants Loans Work-Study Aid at a Glance Scholarships

Aid at a Glance

This chart is designed to provide a quick, comparative overview of many types of aid our office processes. Information about institutional scholarships is not included below and can be found under “Scholarships.” The lists of requirements provided below are not exhaustive; more detailed, comprehensive information about each award can be accessed by clicking the award name.

IU Bloomington Grants

Award Name	Eligibility	Award Amount (2008-2009)
21st Century Scholars Covenant	21st Century Scholar recipient Undergraduates who began at IUB as first time freshmen beginning 2007-2008 Full-time enrollment towards Bachelor's	Up to difference between COA, EFC, and gift aid already awarded
Pell Promise Award	Pell recipient Freshmen: Min 1150 SAT (26 ACT) Cumulative 3.0 GPA FAFSA onfile by March 1 Full-time enrollment Indiana resident	Up to difference between tuition and fee and gift-aid already awarded

Federal Grants

Award Name	Eligibility	Award Amount (2008-2009)
Federal Pell Grant	Low EFC FAFSA on file At least 1 credit hour of enrollment Undergraduate	$261-$4731
Federal Supplemental EducationaL Opportunity Grant (SEOG)	Pell recipient EFC = 0 FAFSA on file by March 1 At least half-time enrollment Undergraduate	$1000
Academic Competitiveness (AC) Grant	Pell recipient 1st- or 2nd-year undergraduate Rigorous high school curriculum FAFSA on file Full-time enrollment	$750 for 1st-year students $1300 for 2nd-year students
National Science and Mathematics Access to Retain Talent (SMART) Grant	Pell recipient 3rd- or 4th-year undergraduate Major in one of several specified fields (with 3.0 GPA in major) FAFSA on file Full-time enrollment	$4000 (for both 3rd- and 4th-year students)

State Grants

Award Name	Eligibility	Award Amount (2008-2009)
O’Bannon Grant/Higher Education Award	Low PC (or EFC, if independent) Indiana resident FAFSA on file by March 10 Full-time enrollment by SSACI census date Undergraduate	$200-$6096
21st Century Scholars Program	Initially qualify in 7th/8th grade Indiana resident FAFSA on file by March 10 Full-time enrollment by SSACI census date Undergraduate	Tuition and fees
Child of Certain Veterans and Public Safety Officers Supplemental Grant Program (CVO)	CVO application certified by IN Dept. of Veterans Affairs and submitted to OSFA Paying IN resident fees to IUB FAFSA on file At least 1 credit hour of enrollment Undergraduate or graduate/professional	Tuition and fees

Loans

Award Name	Eligibility	Award Amount (2008-2009)
Federal Stafford Loan (6.62% interest rate for variable-rate loans; 6.8% interest rate for fixed-rate loans)	FAFSA on file At least half-time enrollment Undergraduate or graduate/professional	Dependent on class level and limited by annual and federal aggregates
Federal Perkins Loan (5% fixed interest rate)	Need of at least $12,500 Answer "yes" to FAFSA loan question FAFSA on file by March 1 At least half-time enrollment If returning student, must be previous borrower Undergraduate or graduate/professional	$1500
Federal Parent PLUS Loan (8.02% interest rate for variable-rate loans; 8.5% interest rate for fixed-rate loans)	Parent of dependent, undergraduate student Federal Parent PLUS Loan application, subject to credit approval Student enrolled at least half time	Up to difference between COA and aid already awarded
Federal Graduate PLUS Loan (8.5% fixed interest rate)	Graduate/professional student Federal Graduate PLUS Loan application, subject to credit approval FAFSA on file At least half-time enrollment	Up to difference between COA and aid already awarded
Private Student Loan (Interest rate dependent on credit rating of borrower and, if applicable, co-borrower)	Private student loan application, subject to credit approval Co-borrower may be necessary At least half-time enrollment	Up to difference between COA and aid already awarded

Work-Study

Award Name	Eligibility	Award Amount (2008-2009)
Federal Work-Study (for undergraduate students)	Incoming freshmen Need of at least $12,500 Must accept award Returning students Enough unmet need to accommodate award Must have previously used FWS award Indicate interest in work-study on FAFSA question 26 FAFSA on file by March 1 At least half-time enrollment	$1500
Federal Graduate Work-Study	Department notifies OSFA with intention to hire, usually in form of assistantship Enough need to accommodate award FAFSA on file At least half-time enrollment	Variable