Eligibility for Federal, State, and Institutional grants is determined by the results of the Free Application for Federal Student Aid (FAFSA) and amounts vary accordingly. In general, these grants are awarded in addition to your University of Evansville merit-based scholarships. Renewal requires annual completion of the FAFSA, continued demonstration of financial need, and achievement of satisfactory academic progress. By filing the FAFSA, students are automatically considered for all need-based grants. Unless stated otherwise, the student must be enrolled full-time and working on the first bachelor's degree.

Aces Opportunity Grant

With the Aces Opportunity Grant, freshmen entering in the Fall of 2021 or after who meet the following criteria will not pay any tuition out of pocket. No special application is needed to be awarded the Aces Opportunity Grant. Learn more about the Aces Opportunity Grant.

Hoosier Aces Scholarship

Freshmen entering in the Fall of 2023 or Fall of 2024 who meet the qualifying criteria will receive the Hoosier Aces Scholarship which in combination with other gift aid will cover tuition, fees, standard housing, and meals. No special application is needed to be awarded the Hoosier Aces Scholarship. It will automatically be offered to qualified Indiana students who meet the criteria. Learn more about the Hoosier Aces Scholarship.

Federal Grants

Federal Pell Grant

A federal grant for students demonstrating high financial need. Available for full-time or part-time students. Federal regulations limit a student's use of the Federal Pell Grant to the equivalent of six years of full-time eligibility.

Federal Supplemental Educational Opportunity Grant (SEOG)

Funds are limited, and students must be Pell-eligible to qualify. SEOG awards range from $100 to $4,000 a year. No additional application is necessary. In most cases, to qualify, the student must have a Student Aid Index (SAI) of 0 or lower as determined by the FAFSA.

State Grants

Frank O'Bannon Freedom of Choice Award

If you are an Indiana resident and demonstrate financial need, you may qualify for the Frank O'Bannon Grant. At private Indiana colleges, such as the University of Evansville, this is administered as the Freedom of Choice Award. At public Indiana colleges, it is administered as the Higher Education Award. The maximum Freedom of Choice Award (FOC) at the University of Evansville for 2023-24 is $12,400. Students must complete the FAFSA each year so that it is received by the federal processor no later than April 15. Students are eligible for a total of 8 semesters of state grant funds from all institutions attended. For more information regarding eligibility and renewal, visit State Financial Aid - By Program.

State grant amounts vary based upon both FAFSA EFC and academic performance. Performance Incentives include:

  • Academic Honors: Awarded in first year for completion of high school with an Indiana Academic Honors/Technical Honors Diploma, and following years for earning an annual cumulative 3.0 GPA during college.
  • Associate Degree: Awarded to students earning an Associate Degree before enrolling in baccalaureate program.
  • Accelerated Schedule: Completion of 39 hours in year one and 78 hours by end of year two.

Students may receive notification from the State of Indiana regarding funding amounts. Private universities issue funding through Freedom of Choice (FOC). The State notification is not a separate or additional award.

21st Century Scholars Program

Initial eligibility determination and enrollment in this program is only available to Indiana students who enrolled during middle school. It is awarded to those who successfully fulfill their 21st Century Scholar pledge and meet State eligibility criteria. The 21st Century Scholarship replaces any previously-offered State grant award.

The award amount for students attending private colleges, such as UE, is determined annually by the Indiana Commission for Higher Education (ICHE). The 2023-24 maximum award amount is $14,700. 21st Century Scholars do not receive full tuition at private colleges, as is available for enrollment in public colleges. For more information visit State Financial Aid - By Program.

Adult Student Grant

The Adult Student Grant is specifically designed to meet the unique needs of working adults by providing up to $2,000 in grant funds. The may be used toward tuition and regularly assessed fees. Students must complete the Adult Student Grant application through ScholarTrack and funds are awarded on a first come, first served basis.

Information is available on the Indiana CHE Adult Student Grant webpage.

University Grants

The University has many grant programs with a variety of titles, some honoring the generous friends and alumni whose gifts have made this aid possible. UE need-based grants are available only for full-time, domestic, undergraduate students admitted through the Office of Undergraduate Admission. Eligibility for UE grant aid is established at the time of enrolling at UE and is not added to full-tuition awards.