Ind. Code ch. 21-12-1.7

Ind. Code ch. 21-12-1.7
in effect

Ind. Code § 21-12-1.7-1 "Academic honors student"

Sec. 1. For purposes of this chapter, "academic honors student" refers to a student who: (1) for the student's first academic year, graduated from high school with an Indiana diploma with a Core 40 with academic honors designation or technical honors designation; or (2) for a student's most recently concluded academic year that is after the student's first academic year, maintained a cumulative grade point average of at least 3.0 on a 4.0 grading scale or its equivalent as established by the eligible institution. As added by P.L.281-2013, SEC.5. Amended by P.L.192-2018, SEC.52.

Ind. Code § 21-12-1.7-2 "Accelerated progress"

Sec. 2. For purposes of this chapter, "accelerated progress" means successfully completing at least thirty-nine (39) credit hours or the equivalent during the student's first academic year or second academic year. As added by P.L.281-2013, SEC.5. Amended by P.L.165-2016, SEC.1; P.L.10-2019, SEC.90.

Ind. Code § 21-12-1.7-3 Annual publication of schedule of award amounts; applying credits

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 federal needs calculation. The federal needs calculation 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; P.L.52-2022, SEC.1.

Ind. Code § 21-12-1.7-4 Additional awards; performance incentives

Sec. 4. (a) The commission shall offer an additional award to a recipient who: (1) is an academic honors student; (2) received an associate degree before enrolling in a baccalaureate degree program; or (3) made accelerated progress during the recipient's most recently concluded academic year. (b) The commission may establish one (1) or more student performance incentives in addition to those listed under subsection (a). (c) The commission shall determine the amount of each incentive bonus annually, based on the available appropriation. As added by P.L.281-2013, SEC.5. Amended by P.L.165-2016, SEC.3.

Ind. Code § 21-12-1.7-5 Reduction of awards

Sec. 5. If the sum of awards under sections 3 and 4 of this chapter exceeds the appropriation in a given year, the commission shall reduce the level of awards offered under section 4 of this chapter as necessary so that the sum of awards under sections 3 and 4 of this chapter does not exceed the appropriation. As added by P.L.281-2013, SEC.5. Amended by P.L.234-2015, SEC.5; P.L.165-2016, SEC.4.

Ind. Code § 21-12-1.7-6 Use of annual award amounts

Sec. 6. (a) As used in this section, "annual award amount" refers to: (1) for a recipient of a Frank O'Bannon award, the amount a recipient is entitled to receive under sections 3 and 4 of this chapter; or (2) for a recipient of a twenty-first century scholars award, the amount a recipient is entitled to receive under IC 21-12-6. (b) The annual award amount may be used in any of the academic terms offered by an eligible institution, including summer terms. (c) An eligible institution, in consultation with the recipient, may reserve up to one hundred percent (100%) of a recipient's annual award amount for use in the summer. As added by P.L.281-2013, SEC.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

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