Frank O’Bannon Grant

The Frank O’Bannon Grant, which includes the Freedom of Choice Grant (FOC), is a state-funded financial aid program administered by the Indiana Commission for Higher Education. This need-based grant is designed specifically for students who are enrolled at a private Indiana college or university, such as Anderson University. To be considered for this state aid, applicants must complete and submit the Free Application for Federal Student Aid (FAFSA). The FAFSA deadline for state aid is April 15. The maximum base grant for the 2026-2027 aid year is $10,600. Eligible students may also qualify for higher grant amounts by meeting specific student performance incentives. Anderson University uses the FAFSA data to determine eligibility and incorporate this state funding into the student's overall financial aid package.