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Office of Financial Aid

The Office of Financial Aid administers financial aid from federal, state, institutional, and private resources according to the Federal guidelines provided by the U.S. Department of Education. The university works with students and families in determining available funds to help meet the cost of education at the University of Saint Francis.

One of the gargoyles from the Bass Mansion

Observing the art

State Grants and Scholarships

State Grant policies:

All state grants are limited to a maximum of eight semesters per student. Students must be meeting Satisfactory Academic Progress (SAP) as defined by the school s/he is attending to continue receiving state grant funding.

Frank O'Bannon Grant Program

The Frank O'Bannon Grant Program consists of the Freedom of Choice Award (FOC). The FOC is awarded to full-time undergraduate students who demonstrate financial need and attend an eligible private institution within the State of Indiana.

Indiana residents who wish to have their eligibility for funds determined by the Indiana Commission for Higher Education (ICHE) must be sure to file the FAFSA so that it is received by the central processing system by March 10th. Eligible students must also comply with any requests from ICHE for additional information within the appropriate timeframe, which is typically mid-May. ICHE determines the dollar amount of each student's award based on the family contribution, the diploma type, and the cost of attendance. Funds provided by the State of Indiana are limited to tuition and fee costs incurred at the institution.

Important:  Beginning with those first entering college in the 2013-2014 academic year, students are required to earn the following number of credit hours to be considered for the “on-time” (maximum) award:

30 credit hours earned by the end of their first year,

60 credit hours earned by the end of their second year,

90 credit hours earned by the end of their third year.

This means that grant recipients must take an average of 15 credit hours per semester to stay “on-time” for maximum grant funding.  Students that fail to earn the necessary 30 credit hours may still qualify for funding, but it will be at a reduced rate.  Students must earn 24 hours by the end of their first year, 48 hours by the end of their second and 72 by the end of their third to be eligible to be considered for the reduced state grant.

Students that receive an Academic/Technical Honors diploma upon high school graduation will receive an academic honors incentive for their freshman year only. In order to qualify for a GPA incentive for second, third and fourth year, students must maintain a cumulative college GPA of 3.0 or higher.   

Twenty-first Century Scholars Program

The Twenty-first Century Scholars Program awards students whose families have met the income guidelines to enroll in the program by June 30th of the 8th grade year.  Students must also meet additional program requirements, which include fulfilling the Twenty-first Century Scholars Pledge.  Twenty-first Century Scholars must enroll as full-time students at an eligible institution within the State of Indiana; Scholars are also required to file the FAFSA by March 10th and submit any additional information requested within the appropriate timeframe.

Important: Beginning with those first entering college in the 2013-2014 academic year, students are
required to complete the following number of credit hours to maintain eligibility in the 21st Century Scholars program:

30 credit hours earned by the end their first year,

60 credit hours earned by the end of their second year,

90 credit hours earned by the end of their third year.

21st Century Scholars that fail to complete the necessary 30 credit hours by the end of each academic year may still qualify for state grant funding, but it will be at a reduced rate through the Frank O’Bannon Grant program.  Students must complete 24 hours by the end of their first year, 48 hours by the end of their second and 72 by the end of their third to be eligible to be considered for the reduced state grant.  Students may earn their way back into the Scholars program by increasing their credit completion up to the required levels.

Part-Time Grant Program

The Part-Time Grant is awarded to Indiana residents enrolled in 6-11 hours at an eligible institution within the State of Indiana.  The Part-Time Grant is a need-based award for which first priority is given to students who meet certain income guidelines.  Funds are limited based on allocations provided by ICHE.  The deadline to submit the application is July 1, 2014.  For more information or to complete the application click here.

Mitch Daniels Early Graduate Scholarship

Students who are graduating early from a publicly supported high school may be eligible for up to $4,000 in state funding.  Students must be legal Indiana residents, graduating with a Core 40 diploma at least 1 year early.  The application can be found at http://www.in.gov/ssaci/ and must be completed by the student and the high school and submitted prior to September 4, 2013.  The student must also file the FAFSA prior to this date to be eligible for funding.  Questions should be directed to CHE at 317-232-2350 or awards@sfa.che.in.gov.

Minority Teacher Scholarship

House Enrolled Act (HEA) 1001-2013 makes changes to IC 21-13-2, the Minority Teacher and Special Services Scholarship, effective July 1, 2013. HEA 1001-2013 removed the special education and occupational and physical therapy fields from this scholarship beginning with the 2013-2014 academic year.

Beginning with the 2013-2014 academic year, an individual is eligible for this Scholarship, if the individual:

  1. is a minority student (defined as Black or Hispanic);
  2. is admitted or already attends an eligible Indiana institution as a full-time student;
  3. intends to pursue or is pursuing a course of study that would enable the student, upon graduation, to teach in an accredited school in Indiana;
  4. agrees in writing to apply for a teaching position in an accredited school in Indiana following that student's certification as a teacher and, if hired, to teach for at least three years; and
  5. meets other minimum criteria established by the Commission for Higher Education.

Minimum criteria to receive state financial aid, including the Minority Teacher Scholarship, include:

  1. Be an Indiana resident and an eligible U.S. citizen or permanent resident;
  2. Complete and file the Free Application for Federal Student Aid (FAFSA); and 
  3. Not be in default on a state or federally-funded student loan. 

To renew the Scholarship, a minority student who qualified for the initial Scholarship must maintain the cumulative grade point average (GPA) required for admission to the institution’s school of education or at least a 2.0 on a 4.0 scale or the equivalent if the school does not require a minimum GPA.