The Twenty-first Century Scholars Program began in 1990 as Indiana's way of raising the educational aspirations of low - and moderate-income families. The program aims to ensure that all Indiana families can afford a college education for their children.
Income-eligible 6th, 7th and 8th graders who enroll in the program and fulfill a pledge of good citizenship to the state are guaranteed the cost of four years of undergraduate college tuition at any participating public college or university in Indiana.
The Frank O'Bannon Grant (formerly the Indiana Higher Education Grant) Program, was designed to provide access for Hoosier students to attend eligible postsecondary institutions, receives its funding through appropriations made by the Indiana General Assembly. The grants, targeted to tuition and regularly assessed fees, are "need-based" and do not require repayment. Due to variations in appropriations, the number of filers and the "need" of the filer base, the dollar value of state grants will vary from year to year.
Additional Info:
http://www.in.gov/ssaci/2345.htm