The award is targeted to a select group of Indiana residents that have been awarded a Presidential Scholarship and have financial need. The award pays up to $3,000 a year ($1,500 per semester) toward any university room and board charge (i.e. residence hall room and board, university apartment rent, and commuter meal plan) for up to eight semesters. A student must be an undergraduate enrolled in on-campus classes as a full-time degree seeking student.
Renewal: The student must maintain a cumulative grade point average of at least 3.0. If the grade point average drops below the required 3.0 at the end of the spring semester of any academic year, the scholarship will not be renewed. However, if the cumulative grade point average is raised to a 3.0 or above at the end of the fall or summer semester, the award can be reinstated upon request.
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