Yes, you need to complete the FAFSA each year. Indiana State University encourages students to complete the FAFSA at least by March 1st to avoid any deadline problems associated with other types of limited aid.
The State Student Assistance Commission of Indiana (SSACI) requires residents of Indiana to complete the
FAFSA by March 10th of the upcoming award year in order to determine eligibility for state grants/scholarships.
SSACI also requires that all critical errors and missing information be cleared no later than May 15th of
the upcoming award year. Go to www.fafsa.gov
to make corrections to your FAFSA.
ISU must have correct and complete information by your last day of enrollment. The final date to
submit the FAFSA for federal aid is June 30th. For important FAFSA dates, refer to these dates and deadlines.
The federal government has established criteria for classifying financial aid applicants as dependent or
independent. Your dependency status is determined after completing the questions in "Step Three" of the
FAFSA. If you are dependent, your parents' assets and income as well as your own are needed to evaluate
your financial need. If you are independent, your need is evaluated solely on your (and if married
your spouse’s) income and assets.
If you are considered an independent student, parental information will not be required. In certain cases, additional documentation will be required for some of the questions in "Step Three" of
the FAFSA for independent students.
If you were considered an independent student for financial aid purposes at a previous school based
on a professional judgment, you do not automatically qualify for independent status at Indiana State
You will need to complete and submit a Special Circumstances Appeal Form and
supporting documentation to the Office of Student Financial Aid. The form outlines the types of requests we can consider. Depending upon your circumstances,
we encourage you to submit the form as soon as possible.
Each appeal is reviewed on a case-by-case basis. Any adjustments made to your FAFSA will be submitted
to the federal processor for a recalculation of your Expected Family Contribution (EFC). You will be
notified in writing when your appeal form has been reviewed. If there is a change in your award package,
you will receive a revised Financial Aid Notification award letter.
The outside scholarships and the private alternative loan programs are generally two options that
may be available to students when there is unmet need. For information on these program requirements,
visit types of aid.
Students are encouraged to complete their financial aid requirements in a timely manner.
Money for books is generally made available to students who are expecting a refund. These funds could be received no earlier than 10 days prior to the start of the semester
in which the student is enrolled. Otherwise students will need to make arrangements to purchase their books through personal means.
You must meet all the institution requirements before financial aid is disbursed to your student
account. The initial disbursement of aid occurs 10 days prior to the start of the semester, exception summer. You can check the MyISU Portal
for any outstanding requirements.
Satisfactory Academic Progress (SAP) is used to define successful completion of coursework to maintain
eligibility for student financial aid. Federal regulations require us to establish, publish, and apply
standards to monitor your progress towards completion of your certificate or degree program.
If you fail to meet these standards, you will be placed on financial aid probation or suspension.
Students must maintain Satisfactory Academic Progress in order to receive funding from the following
federal programs: Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Work Study, Perkins Loan, Subsidized Stafford Loan,
Unsubsidized Stafford Loan, and Parent PLUS Loan. Some additional grants and scholarships may also use the
SAP standards as minimum criteria for receipt of funding.
SAP SUSPENSION may be appealed if unusual and/or mitigating circumstances affected academic progress.
Such circumstances may include a severe illness or injury to the student or an immediate family member,
the death of a student's relative, student activation into military service, or other circumstances as
deemed appropriate for consideration by the SAP Appeals Committee.
The student must submit a typed letter and a completed SAP Appeal Form to the Office of Student Financial
Aid explaining in detail why he or she failed to meet the minimum academic standards, what unusual and/or
mitigating circumstances caused the failure, and how the situation has improved. The student will be
notified in writing of the decision made by the Appeals Committee. Any appeal approvals will give the
conditions and timeframe for maintaining aid eligibility. All decisions of the SAP Appeals Committee
are final. Students who raise their cumulative standards to equal or exceed the minimum requirements will
be reinstated to SAP GOOD STANDING from that point forward.
ISU cannot release student information to anyone unless the student has consented to the disclosure of information
because of FERPA. FERPA stands for the Family Educational Rights and Privacy Act. This Act was passed by
Congress in 1974 and is also referred to as the Buckley Amendment. Records that are protected by FERPA
include personal information, enrollment records, grades, and class schedules. The University must have
written permission from the student before releasing information from the student's record.