Learn how transferring can affect your financial aid and what’s required to transfer your financial aid to a new school.
For most college students, education is made affordable by financial aid like grants, loans, and scholarships. Applying for financial aid can be a confusing process, and you could lose thousands of dollars in assistance if you wait too long to file paperwork or miss deadlines entirely. But if you secure all eligible financial aid in a timely manner, you can more easily attain your desired degree.
If you are transferring from one school to another, the amount of financial aid you receive will be affected. You may receive more or you may receive less, depending on your individual circumstances. Therefore, it is crucial that you become familiar with all your financial aid options and take appropriate action:
- Investigate your eligibility for financial aid with the school to which you are transferring
- Determine if your new school is eligible to receive grants from the Indiana Commission for Higher Education (ICHE)
- Cancel any financial aid processed at the school you are currently attending
- Add the new school to your Free Application for Federal Student Aid (FAFSA) form
What kind of financial aid can transfer students receive?
Most college students rely on one or more of the following five types of financial aid:
- Grants (federal, state, institutional), including Pell and Federal Supplemental Educational Opportunity Grants (FSEOG)
- Loans, including Perkins, Stafford, and Parent PLUS loans
- Fee remissions (waivers)
- Employment, including work-study programs
Applying for federal financial aid
To qualify for most financial aid, you must fill out the Free Application for Federal Student Aid (FAFSA) every year you attend college. While you can file the FAFSA throughout the year, students who receive Indiana state financial aid must file the FASFA by April 15. For more information, go to the FAFSA website.
To learn more about state financial aid, including how to search for it, access our Indiana State Financial Aid Manual.State of Indiana Financial Aid Programs
21st Century Scholarship
The 21st Century Scholarship is Indiana’s early promise program, offering income-eligible Hoosier students up to four years of paid tuition at an eligible Indiana institution.
EARN Indiana is a need-based work-study program that gives students access to resume-building, experiential, paid internships, while employers receive state matching funds in exchange for hiring EARN students.
Frank O’Bannon Grant
The Frank O’Bannon Grant is Indiana’s primary need-based financial aid program, designed to provide access for Hoosier students to attend eligible postsecondary institutions.
Mitch Daniels Early Graduation Scholarship
The Mitch Daniels Early Graduation Scholarship is a one-time scholarship for students who graduate from a publicly supported high school at least one year early.
Adult Student Grant
The Adult Student Grant is Indiana’s need-based financial aid program specifically designed to meet the unique needs of working adults.
Workforce Ready Grant
The Workforce Ready Grant pays the tuition and mandatory fees of qualifying high-value certificates at Ivy Tech Community College or Vincennes University. The grant is available for two (2) years and covers up to the number of credits required by the qualifying program. The grant does not cover courses that do not directly apply to the student’s certificate program. Program-specific fees and equipment are not covered
Child of Deceased or Disabled Veteran
Provides tuition and fee assistance to a student who is the child of a deceased or disabled veteran.
Child of Purple Heart Recipient or Wounded Veteran
Provides tuition and fee assistance to a student who is the child of a Purple Heart recipient or veteran wounded as the result of enemy action.
Children and Spouse of Indiana National Guard
Provides tuition and fee assistance for children and spouses of members of the Indiana National Guard killed in the line of duty.
Children and Spouse of Public Safety Officers
Provides tuition and fee assistance to children and spouses of public safety officers killed in the line of duty.
Indiana Purple Heart Recipient
Provides tuition and fee assistance to veterans who are Purple Heart recipients.
National Guard Tuition Supplement Grant
The National Guard Tuition Supplement Grant guarantees up to 100% of tuition and regularly assessed fees for eligible members of the Indiana Air and Army National Guard.
Soldier’s and Sailor’s Children’s Home
The Soldier’s and Sailor’s Children’s Home program covers students who are former students and/or graduates of Morton Memorial High School or who are former residents of the Indiana Soldiers’ and Sailors’ Children’s Home (ISSCH)
Most schools have websites containing helpful information about financial aid. Below are the links to all financial aid web pages of Indiana public and private institutions.
Ball State University
Indiana State University
Indiana University – Bloomington
Indiana University – East
Indiana University – Kokomo
Indiana University – Northwest
Indiana University – South Bend
Indiana University – Southeast
Indiana University – Purdue University Fort Wayne
Indiana University – Purdue University Indianapolis
Purdue University – West Lafayette
Purdue University – Northwest
University of Southern Indiana
Non-Profit Online University
lCI Private Colleges and Universities
Calumet College of St. Joseph
Grace College and Seminary
Holy Cross College
Indiana Wesleyan University
Oakland City University
Rose-Hulman Institute of Technology
Saint Mary-of-the-Woods College
Saint Mary’s College
University of Evansville
University of Indianapolis
University of Notre Dame
University of Saint Francis