The Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) is designed to provide access for Hoosier students to attend eligible postsecondary institutions. receives its funding through appropriations made by the Indiana General Assembly. The grants, targeted to tuition and regularly assessed fees, are "need-based" and do not require repayment. Due to variations in appropriations, the number of filers and the "need" of the filer base, the dollar value of state grants will vary from year to year.
-Be an Indiana resident by December 31st the year prior to applying
-Must remain a resident throughout the academic year
-Be a U.S. Citizen or eligible noncitizen
-Be a high school graduate or hold a GED
-Attend, or plan to attend, an eligible college or university
-Be enrolled, or plan to enroll, in a course of study leading to an associate or first bachelor's degree
-Be a full-time student, or plan to enroll as a full-time student
-File the FAFSA by March prior to the academic year of intended enrollment
Frank O'Bannon Grant includes both the Higher Education Award and the Freedom of Choice Award.