Understand Your Aid Package

The Pell Grant is a federal financial aid award that does not require repayment. The grant amount is determined by your Student Aid Index (SAI), as calculated from your FAFSA, and the number of credits you take.

The Federal Supplemental Educational Opportunity Grant (SEOG) is a federal aid program designed for students with significant financial need. It doesn’t require repayment. You’ll find it listed as the “Federal Supplement Grant” on your FAN.

Admissions-based scholarships are automatic scholarships that are awarded at the time you are admitted to IU Kokomo based on your high school GPA. No separate application is required and the scholarship is renewable during your studies.

The Frank O’Bannon Grant is an Indiana state grant program that assists in-state students with the cost of a two-year or four-year degree. Eligibility for the grant is based on financial need as determined by the FAFSA. The grant may be used toward tuition and regularly assessed fees.

The 21st Century Scholars Award is an Indiana state grant program that assists in-state students with the cost of a two-year or four-year degree. It covers tuition and regularly assessed fees for full time students up to 18 credits at IU Kokomo. To qualify for the award, students must have initially met income requirements and signed up in 7th or 8th grade. As a college student, eligibility is determined based on your FAFSA.

IU Kokomo participates in the Midwest Student Exchange Program (MSEP), a multi-state tuition reciprocity program established by the Midwestern Higher Education Compact. Residents of select Midwest states who have a minimum GPA of 2.75 or higher will automatically receive our Indiana Partners tuition amount, which represents a 55% reduction in nonresident tuition at IU Kokomo. Participating states include Kansas, Minnesota, Missouri, Nebraska, North Dakota, Ohio, and Wisconsin.

Residents of Illinois, Kentucky, Michigan, and Puerto Rico with a 3.0 GPA will be considered for the Indiana Partners rate.

Federal Work-Study (FWS) allows you to earn money through a part-time job on campus or with partners in the local community. The money you make doesn’t automatically go towards your tuition and fees. Instead, you get paid every two weeks, and you can use that money for your education, personal expenses, or anything else you need.

Federal Direct Subsidized and Unsubsidized Loans are loans offered by the federal government to help students cover the cost of higher education. As the student, you are the borrower and are responsible for repaying the loan, but repayment is not required while you are attending classes if you are enrolled at least half time (6 credit hours for undergraduates, 4 credit hours for graduates).

Indiana’s Child of a Disabled Veteran Program and Public Safety Officer Supplemental Grant Program, collectively known as the CVO program, provide tuition and fee assistance for some veterans and dependents of military and public safety officers, including:

• Eligible children of disabled Indiana veterans
• Eligible children and spouses of certain members of the Indiana National Guard killed while on state active duty
• Eligible children and spouses of certain Indiana public safety officers killed in the line of duty