Effective for students enrolling for the Fall Semester of 2012 or after, Indiana residents will receive $4,500 a year for a four year total of $18,000. Please note that this award can only pay institutional charges for tuition, fees and room and board. In certain circumstances the receipt of other financial aid may result in the award being reduced. All financial aid you
receive, when combined with the Presidential Scholarship, cannot exceed
the total cost of attendance.
Presidential scholars must maintain a cumulative grade point average (GPA) of 3.0. If the GPA drops below 3.0 at the end of the spring semester of any academic year, the scholarship will not be renewed. However, if the cumulative GPA is raised to a 3.0 at the end of the fall or summer semester, the award can be reinstated upon request. The scholarship is awarded for a maximum of eight semesters of undergraduate study. Recipients must enroll in on-campus classes as a full-time degree-seeking student.
One semester of eligibility is used when the scholarship is applied in any term (fall, spring, or summer), regardless of the number of hours enrolled. Withdrawal during any term that results in less than a 100 percent refund will count as one semester of eligibility used. Exceptions can be made to extend this scholarship for more than the maximum number of semesters based on extraordinary circumstances.
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