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Only 45 percent of Butler students are from Indiana. The student body is made up of students from 45 states and 52 foreign countries.

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Aid Programs

Federal Pell Grant & Supplemental Education Opportunity Grant (SEOG)* ~ Show Information

Eligibility: Awards are based solely on financial aid eligibility as determined by the FAFSA and the number of hours enrolled.

Amount: Pell Grants range from $602 to $5,550 each year.

Comments:

  • Pell eligible students may choose to charge their books and supplies to their student account.

Indiana Higher Education Award* ~ Show Information

Eligibility: Awarded to Indiana residents who attend an eligible Indiana college or university who demonstrate financial need. Effective fall 2012, students must maintain the following GPA requirements in order to be eligible for an award:

Amount: Tuition award amounts vary depending on financial need and the high school curriculum completed (Indiana Academic Honors diploma).

Comments:

  • The FAFSA must be received by the federal processor on or before March 10 each year.

Freedom of Choice Grant* ~ Show Information

Eligibility: Awarded to Indiana residents who attend an eligible Indiana college or university who demonstrate financial need. Effective fall 2012, students must maintain the following GPA requirements in order to be eligible for an award:

Amount: Tuition award amounts vary depending on financial need and the high school curriculum completed (Indiana Academic Honors diploma).

Comments:

  • The FAFSA must be received by the federal processor on or before March 10 each year.

21st Century Scholarship* ~ Show Information

Eligibility: Awarded to Indiana residents who attend an eligible Indiana college or university who demonstrate financial need. Effective fall 2012, students must maintain the following GPA requirements in order to be eligible for an award:

Amount: Tuition award amounts vary depending on financial need and the high school curriculum completed (Indiana Academic Honors diploma).

Comments:

  • The FAFSA must be received by the federal processor on or before March 10 each year.

Mitch Daniels Early Graduation Scholarship* ~ Show Information

There is a new scholarship for students who graduate from a publicly supported high school at least one year early, after December 31, 2010.

View more information on the Mitch Daniels Early Graduation Scholarship.

Federal Perkins Loan* ~ Show Information

Eligibility: A long-term, low interest student loan available to those who have financial aid eligibility as determined by the FAFSA.

Comments:

  • Fixed five percent interest rate.
  • Entrance counseling is required.
  • Repayment of principal and interest begins nine months after graduating, leaving the university, or enrolling less than half time (six credit hours).

Federal Direct Loan ~ Show Information

Eligibility: A long-term, low interest student loan available in the form of a subsidized (need-based) and/or unsubsidized (not need-based) loan.

*The Budget Control act of 2011 eliminated the up-front interest rebate effective for all direct loans first disbursed on or after July 1, 2012.

Amount: Annual grade level maximums for dependent students:

  • Freshman: $5,500
  • Sophomore: $6,500
  • Junior: $7,500
  • Senior: $7,500

Comments:

  • Interest Rates and Fees
    • Federal Direct Subsidized Loans borrowed in the 2012-2013 academic year will have an interest rate fixed at 3.4 percent.
    • Federal Direct Unsubsidized Loans borrowed in the 2012-2013 academic year will have an interest rate fixed at 6.8 percent.
    • As of March 1, 2013, an origination fee of 1.05 percent will be assessed by the lender at the time of disbursement. This fee is subject to change; refer to www.studentloans.gov for updates.
  • Repayment begins six months after graduating, leaving the university or enrolling less than half-time (six credit hours).
  • Independent students (as determined by the FAFSA) may be eligible for additional Federal Direct Unsubsidized loans.
  • Students must be enrolled a minimum of six hours to be eligible for the Federal Direct Loan program.
  • Beginning July 1, 2012, students are no longer eligible for the interest subsidy for Federal Direct Subsidized Loans during their grace period.

Federal Work Study* ~ Show Information

Eligibility: On-campus student employment offered to students who have financial aid eligibility as determined by the FAFSA.

Comments:

  • Average award equivalent to eight to twelve hours per week at minimum wage.
  • Award amount is not automatically deducted from the student's bill.
  • Students receive a paycheck for the hours worked every two weeks.
  • Students are required to pay taxes on earnings, however amount earned is not used against the student when determining financial aid eligibility in the following year.
*Available only to full-time undergraduate students pursuing their first bachelor's degree.