financial aid - ivy tech community college of indiana 04 financial aid... · 2020-07-22 · school...
TRANSCRIPT
Get help paying for college.
Financial Aid
Whether your goal is finding a career after graduation or continuing on to a four-year university, getting
financial aid can help you pay for college now, and finish with little to no debt or a more manageable payment
plan. There are countless opportunities to get financial aid that can help you pay for your Ivy Tech education. Our
staff is available at a location close to you, over the phone or online to answer your questions as they come up.
From grants and scholarships, to loans and available work study programs, the aid you may qualify for can
come from a variety of sources. U.S. citizens, eligible non-citizens, high school graduates, and Indiana High
School Equivalency Diploma recipients may all be eligible for financial aid. The first step for anyone looking
to get help paying for college is to fill out the Free Application for Federal Student Aid (FAFSA) at fafsa.ed.gov.
Before the start of every academic year, file the FAFSA so the U.S. Department of Education and Ivy Tech
financial aid administrators can determine your eligibility. The FAFSA is the starting point for almost all
financial aid opportunities, and it is essential you submit one every year.
Financial Assistance to Help You Succeed
To be considered for state and federal aid, you must file the FAFSA. For
state aid, you must file by April 15th of your academic year. Federal
applications are accepted year-round, and Ivy Tech has established
financial aid priority processing dates for each enrollment period.
To have your application processed quickly, you’ll need to submit all
required paperwork by the priority processing date for the semester
you’re attending. We recommend starting your application process at
least three to four weeks before the priority processing date. If you
miss it, your application will still be accepted, but you may not receive
aid in time to help pay for tuition and books.
Find priority processing dates at IvyTech.edu/financial-aid..
Financial Aid Priority Processing
FAFSA BASICS Getting Started To learn about all the items you’ll need to file, including your tax return information, visit IvyTech.edu/fafsa.
Once you’ve gathered everything, you can get an idea of what the actual FAFSA is like by completing
the downloadable “FAFSA on the Web Worksheet” at fafsa.ed.gov.
Your FAFSA ID To sign the FAFSA electronically and access financial aid information later, you will need a Federal Student
Aid identification number (FSA ID). You can create one by visiting fafsa.ed.gov. If you already have a
Federal Student Aid PIN, you can enter it and link it to your FSA ID. Once you have created a FSA ID, it
becomes your permanent FSA ID for use from year to year. Do not try to create a new one each year—
this will cause FAFSA processing errors.
Don’t wait to file your FAFSA You can submit as early as October 1 in the year prior to your school attendance. You’ll need to supply
completed income and tax information from the year before your application. For example, if you want to
file your FAFSA for the 2018-2019 academic year, you will use your 2016 taxes. You can also use the IRS Data
Retrieval Tool (visit StudentAid.gov/irsdrt) to automatically import your tax information. This is a very beneficial
feature because it saves you time filling out the FAFSA each year, and also reduces your chances of being
selected for verification, which might slow down the process. Be sure to enter the Ivy Tech school code 009917
to ensure we receive a copy. We need to receive your information to put together your award package.
After You File Upon FAFSA filing, you will receive a Student Aid Report (SAR) at the email address you provided, generated
by the U.S. Department of Education. Check your SAR to make sure all the data is correct, and make
any necessary changes online. If you haven’t received your SAR within three weeks of filing, visit fafsa.ed.gov
or call 800-4-FED-AID to check the status of your FAFSA.
Ivy Tech School Code To ensure we receive an electronic copy of your FAFSA, include the Ivy Tech Community College school
code 009917. This code is used for all Ivy Tech locations.
To apply for most gift aid, you will need to complete your FAFSA. Qualifications vary according to each
gift, but many take factors such as financial need, National Guard service, personal relationships/status,
veteran status, seasonal farm work, and more into account.
Scholarships Each year, Ivy Tech awards nearly six million dollars in scholarships. Like other gift aid, scholarships do not
need to be repaid. Once you’ve registered for classes, you can apply to be considered for most Ivy Tech
scholarships through the student portal, MyIvy. Many funds are awarded on a first-come, first-served basis,
so we strongly recommend applying early.
For a list of Ivy Tech scholarships available, visit Ivy Tech.edu/scholarships.
Search for additional scholarships, for free, at finaid.org or fastweb.com.
You should never pay a scholarship search fee.
Gift Aid 101
Gift aid consists of scholarships, grants, and various fee remissions that you don’t need to pay back.
TYPE DESCRIPTION ELIGIBILITY APPLICATION
Workforce Ready Grant
State need-based grants that cover tuition and fees not covered by other grants or scholarships, for students enrolled at least half-time in high-demand programs.
Indiana resident; degree-seeking; enrolled at least half-time in high-demand certificate or technical certificate programs (see https://www.nextleveljobs.org/qualifying-programs.html).
FAFSA
Child of Veteran and Public Safety Officer (CVO)
Fee remission for qualifying children of veterans for up to 124 credit hours
Children of veterans injured in the line of duty during wartime
FAFSA; CVO Application
Federal Pell Grant ProgramFederal need-based grants; up to half the award used each semester
Must have financial need FAFSA
Federal Supplemental Education Opportunity Grants
Federal need-based grants; limited funding; amount varies
Extreme financial need FAFSA
Frank O’Bannon Indiana Grant
State need-based grants, amount set and recipients determined by the Indiana Commission for Higher Education Division of Student Financial Aid
Indiana resident; enrolled in 12 or more credit hours; degree-seeking student; U.S. citizen or eligible non-citizen; high school graduate or high school equivalency diploma
FAFSA*
Indiana Vocational Rehabilitation Services
May cover tuition and/or booksStudent with a disability that is a barrier to employment
Contact Vocational Rehabilitation
Ivy Tech GrantNeed-based fee remission; college-funded; limited dollar amount
Need-based, location-specific FAFSA
Ivy Tech ScholarshipNon-need-based fee remission; college-funded; limited dollar amount
Location-specific
Admitted students can apply online by logging into the student portal and clicking the “Apply for Scholarships” link under the “Billing and Financial Aid” section.
Adult Student Grant State need-based grantIndiana resident; enrolled in at least six but less than 12 credit hours; degree- or certificate-seeking student
FAFSA,* Part-Time Grant Application
Twenty-First Century Scholars State need-based grant
Sign and mail your Twenty-First Century Scholar’s pledge affirmation on time; Indiana resident; enrolled 12 hours or more; U.S. citizen or eligible non-citizen
FAFSA*
Ivy Tech Foundation Scholarships
Non-need-based fee remission; college-funded; limited dollar amount
Location-specificFAFSA,* NextGen Application
Various Other Ivy Tech Scholarships
Non-need-based fee remission; college-funded; limited dollar amount
Location-specificFAFSA,* NextGen Application
*FAFSA must be received by April 15.
EXAMPLES OF GIFT AIDWhile there are seemingly countless opportunities for gift aid available, this chart provides examples of
popular scholarships and grants, along with eligibility requirements and what you’ll need to apply. For a
full list of gift aid, contact your local Ivy Tech location or visit IvyTech.edu/financial-aid.
LOANSA financial aid option that must be repaid according to the terms of the lending institution. Rates and
terms are subject to change. Visit StudentLoans.gov or IvyTech.edu/financial-aid for the most up-to-date
information.
To check the status of a current loan, visit: NSLDS.ed.gov.
Federal Direct Subsidized LoanInterest paid by the government when the student is in school and during periods of grace and deferment.
Students must be enrolled at least half-time to borrow an education loan.
Federal Direct Unsubsidized LoanInterest not paid by the government when the student is in school,
nor during periods of grace and deferment. Students must be
enrolled at least half-time to borrow an education loan.
Parent Loan for Undergraduate Students (PLUS)Enables parents to borrow to pay the cost of higher education
for their dependent undergraduates.
Additional Types of Financial Aid
WORK STUDY PROGRAMSFederal or state work study programs are another way to help pay for college. All types of work study
require you to work a specific number of hours each week, and to be paid on a biweekly basis. Work
study jobs can be on or off campus.
Federal Work Study ProgramThis is federal need-based employment, and the amount and position may vary. You must be enrolled
at least half-time to be eligible. To get started, file the FAFSA online, and apply for Campus Work Study
at your local financial aid office.
Employment Aid Readiness Network (EARN) IndianaThis is a state work study program for which
students without a prior bachelor’s degree are
eligible, but must be Indiana residents with
financial needs and enrolled full-time. EARN
Indiana partners with Indiana INTERNnet to
match students and employers; maximizing
students’ academic success and career
achievement, while helping employers
find the perfect fit.
To learn more, visit
IndianaIntern.net.
Consult the Express Enrollment Center or enrollment services office at your location for assistance with financial aid. For location information, visit IvyTech.edu/enrollmentcenter.
Chat online between 7 a.m. and 1 a.m. EST, seven days a week: IvyTech.edu/chat
Call between 7 a.m. to 1 a.m. EST, seven days a week:
888-IVY-LINE (888-489-5463)
Connect on social:
Ivy Tech has the answers to your financial aid questions. Our staff is available at practically every location
across Indiana to help you find, apply, and receive the financial aid you need. Chances are you are eligible for
a lot more assistance than you may think, and when it comes to funding your education, every bit matters—
from paying tuition to buying books and supplies. We want you to be focused on your studies, not worried
about how to pay for college.
Find additional information about financial aid opportunities at IvyTech.edu/financial-aid.
Find, Apply, and Receive Financial Aid with Help from Ivy Tech
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