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Attention: A new law affecting student financial aid eligibility will take effect for students entering an eligible Indiana college for the first time after June 30, 2012. These students will be required to meet minimum Grade Point Average (GPA) requirements to renew certain state financial aid awards, including the Frank O'Bannon Higher Education Award, the Freedom of Choice Award, the 21st Century Scholarship and the Children of Veterans Award (if the veteran parent initially enlists after June 30, 2011).
In addition to meeting other eligibility requirements, a student must maintain the following cumulative GPA levels.
If a student does not maintain the required GPA as specified above, the student may not be eligible to receive state financial aid awards. The first time a student fails to meet the required GPA level, the student will be placed on "warning" status. During that semester, the student will still be eligible to receive state financial aid. However, if, after that semester, the student again fails to meet the minimum GPA requirement, the student will no longer be eligible for state financial aid until a point at which the student can bring his or her cumulative GPA up to meet the minimum standard. Students will be allowed only one warning semester. However, a student will be eligible to again receive state financial aid once the minimum GPA standards are achieved.