Sec. 3. (a) This section applies to an academic year beginning after August 31, 2014. The commission shall publish annually a schedule of award amounts for the higher education award and freedom of choice grant issued under this article. The schedule must provide award amounts on the basis of the recipient's expected family contribution. The expected family contribution shall be derived from information submitted on the recipient's financial aid application form. The commission shall determine award amounts separately for:
(1) recipients attending approved public state educational institutions (except Ivy Tech Community College);
(2) Ivy Tech Community College;
(3) recipients attending a nonprofit college or university listed in IC 21-7-13-6(a)(1)(C); and
(4) recipients attending approved postsecondary credit bearing proprietary institutions.
(b) This subsection applies to an academic year beginning after August 31, 2017. The schedule of award amounts published under subsection (a) must offer a larger award to first time and prior recipients who successfully completed:
(1) at least thirty (30) credit hours or the equivalent during the last academic year in which the student received state financial aid; or
(2) at least thirty (30) credit hours or the equivalent during the last academic year in which the student was enrolled in a postsecondary educational institution.
(c) In determining eligibility under subsection (b), the commission shall apply all the following types of credits regardless of whether the credits were completed during the last academic year described in subsection (b)(1) or (b)(2):
(1) Credits earned from dual credit, advanced placement, Cambridge International, and international baccalaureate courses.
(2) College credits earned during high school.
(3) Credits earned exceeding thirty (30) credit hours during a previous academic year in which a student received state financial aid.
(d) The schedule of award amounts shall set forth an amount for recipients described in subsection (a)(1) that is equal to fifty percent (50%) of the amount for recipients described in subsection (a)(3).
As added by P.L.281-2013, SEC.5. Amended by P.L.2-2014, SEC.91; P.L.165-2016, SEC.2; P.L.191-2018, SEC.21; P.L.10-2019, SEC.91.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.