Financial Aid & Scholarships

funding your education

The Office of Financial Aid and Scholarships has the goal to make it financially possible for admitted students to enroll, and for enrolled students to graduate.

Anderson University determines financial aid on the basis of:

  • Documented financial need (determined by the FAFSA)
  • Academic aptitude and achievement

We are eager to assist you regarding all federal, state, and university scholarshipsloans, and grants you may be eligible to receive. We are also your best resource concerning FAFSA questions and completing verification. When completing the FAFSA, add AU’s school code (001785) so we can create an AU financial aid package for you.

Student at Anderson University Indiana

State Grants

Indiana State Grants
  • Granted through the Indiana Commission for Higher Education (ICHE).
  • The Frank O’Bannon Grant includes the Freedom of Choice Grant (FOC). The FOC Grant is need-based and available only to students attending a Private Indiana College or University.
  • Maximum base grant for the 2022-23 school year is $9,200 and for 2023-24 will be increased to $12,400.
  • By meeting student performance incentives higher grants are possible.
  • FAFSA deadline for state aid: April 15



Anderson University Grant

  • Based on financial need
  • $100 to $10,000
  • Must maintain satisfactory academic progress; financial need; in good standing
  • FAFSA required annually

Federal Pell Grant

  • Based on financial need
  • Up to $6,195 (For 2018-19)
  • Must maintain satisfactory academic progress
  • FAFSA required annually

Federal Supplemental Educational Opportunity Grant

  • Based on financial need
  • Up to $4,000
  • Must maintain satisfactory academic progress
  • FAFSA required annually

Explore TEACH Grants

Anderson University participates in the Teacher Education Assistance for College and Higher Education (TEACH) Grant program. A TEACH grant is a non-need-based grant provided to students who intend to teach, in order to help pay for their postsecondary education.

As a condition for receiving a TEACH grant, a student must agree to teach full time for at least four years as a highly qualified teacher in a high-need field, in a school or educational service agency (ESA) serving low-income students, within eight years of completing or otherwise ceasing to be enrolled in the program of study for which the student received the grant.

If the student does not meet the terms of the TEACH grant service obligation, all TEACH grant funds received will be converted to a direct unsubsidized loan that must be repaid in full, with interest charged from the date of each TEACH grant disbursement.

At Anderson University, TEACH grants are offered to undergraduates who meet the 3.25 GPA requirement and have been admitted into the teacher preparation program (TPP). The director of the Department of Teacher Education approves the TEACH grant for each year that a student applies. Click here for a TEACH Grant Application [PDF].