Types of Financial Aid
Types of Financial Aid
Student financial aid can include:
Loans, Scholarships and Grants
Student Loan Information
All students, in good academic standing, enrolled in six or more credit hours in a degree seeking program, file the Free Application for Federal Student Aid, and provide all requested documents to the financial aid office if requested, is guaranteed student loans until they meet the maximum aggregate amounts set by the Department of Education.
- Student Loans
- Student Loan Entrance and Exit Counseling
- Student Loan Repayment
- Master Promissory Note
Student Loan Lender Information via National Student Loan Data System (NSLDS)
To apply for financial aid, please visit How to Apply.
- Monetary awards available from IU Kokomo or through external sources
- Determined by academic achievement and/or financial need
- Applied directly to your college costs
IU Kokomo scholarships are funded by private donors, businesses, and industries, as well as by friends and alumni of Indiana University. Recipients are selected based on a variety of criteria including academic performance and financial need.
FastWeb is the one of the largest and most complete scholarship search sites on the Internet. It provides a searchable database of more than a million private sector scholarships, fellowships, grants, and student loans.
Grants are need-based awards from the federal, state government, or IU Kokomo.
- The Federal Pell Grant is awarded based on receipt of the FAFSA and determination if the student's Expected Family Contribution (EFC) and enrollment level meets the award eligibility criteria. Enrollment is monitored and Federal Pell Grants awards are adjusted or cancelled based on enrollment monitoring at the semester census date (e.g. end of the first week/end of 100 percent refund period of the fall or spring semester).
- The Federal Supplemental Educational Grants (FSEOG) is awarded based receipt of the FAFSA and verification of Federal Pell Grant eligibility, exceptional financial need (EFC = '0'), and confirmation the recipient has not received a bachelor's degree. Priority consideration for FSEOG awards is given to students that meet the FAFSA Priority Application Deadline and funding for this program is limited. FSEOG grants are awarded in the amount of $300. Enrollment is monitored and a student that is no longer eligible for a Federal Pell Grant based on monitoring at the semester census date (e.g. end of the first week/end of 100 percent refund period of the fall or spring semester) is subject to grant cancellation.
- For State Student Financial Aid of Indiana (SFA) Frank O'Bannon grants are based on receipt of the FAFSA and confirmation from SSACI of the student's eligibility for an award. SSACI requires students to meet the FAFSA Priority Receipt Deadline, March 10th annually, and any SSACI Edit Corrections must be received by the federal processor on or before May 10th annually. Visit eStudent to check for any SSACI Edit Corrections and to confirm or change your first-choice college to IU Kokomo. SSACI Frank O'Bannon grants generally require full-time enrollment and confirmation of full-time enrollment when monitored at the SSACI census date (end of the fourth week/end of the 25 percent refund period).
- Important notice The Division of Student Financial Aid under the Indiana Department of Education has placed new requirements for students who began Aug 2013 for completion rate to continue to recieve the grant.
- Please take a moment to read the letter regarding the new requirements. SFA Letter
- IU Kokomo Grants are awarded based on confirmation of Federal Pell Grant eligibility and enrollment at least half-time. Priority consideration is given to students that meet the FAFSA Priority Application Deadline and funding for this program is limited. Student enrollment is monitored and IU Kokomo Grants awards are adjusted or cancelled based on enrollment monitoring at the semester census date (e.g. end of the 1st week/end of 100 percent refund period for the fall or spring semester).
Receipt of a federal, state, or IU Kokomo grant is not guaranteed from one aid year to the next aid year.
(Remissions of fees for Child of disabled veteran, POW, MIA, Purple Heart recepient, Police Officer, Firefighter, EMT killed in the line of duty)
The Child of Veteran and Public Safety Officer (CVO) Supplemental Grant Program provides tuition and fee assistance at public colleges for eligible children of disabled Indiana veterans, eligible children and spouses of certain members of the Indiana National Guard killed while serving on state active duty, and eligible children and spouses of certain Indiana public safety officers killed in the line of duty. As a supplement to other state financial aid, the grant pays 100 percent of tuition and mandatory fees; it does not cover other fees such as program related fees, books, parking, or room and board. For additional information, visit Child of Veteran and Public Safety Officer Supplemental Grant Program.
Each child must submit an application and re-application is necessary whenever a school is changed. The approved application will be returned to the applicant. It must be presented at the financial aid office of the chosen college in order to receive the fee remission benefit. If the application is not approved, the student will be so notified in writing.
Please note that all students are required to file the Free Application for Federal Student Aid (FAFSA) each year at least two (2) weeks before they start college.
Applicants must submit the applicable CVO Program application (look for school year you will be attending) and the appropriate Free Application for Federal Student Aid (FAFSA) annually. To attend a summer course(s) the next year's FAFSA must be filed.
- Child of Disabled Indiana Veteran or a POW/MIA
Some program restrictions apply and financial assistance is limited to a maximum number of credit hours (maximum 124 credit hours). The veteran must meet, or have met, certain Indiana residency requirements, and the child must be the biological child or legally adopted dependent child of the veteran. In addition, the covered student must be regularly admitted as an in-state student to an Indiana public college and must maintain satisfactory academic progress (as defined by the college) while receiving the fee remission. Other restrictions might apply.
Application for CVO fee Remission: Children of Indiana Disabled Veterans, Purple Heart Recipients, POW's and MIAs
- Children and Spouses of Certain Indiana Public Safety Officers Killed in the Line of Duty
This state of Indiana program (the CVO Program) provides tuition and fee assistance at public colleges for eligible children and spouses of certain Indiana public safety officers killed in the line of duty.
Application for CVO Fee Remission: Children and Spouses of Certain Indiana Public Safety Officers Killed in the Line of Duty
- Child or Spouse of Certain Indiana National Members Supplemental Grant Program
This state of Indiana program (the CVO Program) provides tuition and fee assistance at public colleges for eligible children and spouses of certain Indiana National Guard members killed while on state active duty. As a supplement to other state financial aid, the grant pays 100 percent of tuition and program related mandatory fees; it does not cover non-tuition fees such as room and board or books.
Application for CVO Fee Remission Program - Child of Spouse of Certain Indiana National Guard Members