2016 Indiana Code
TITLE 21. HIGHER EDUCATION
ARTICLE 15. STATE EDUCATIONAL INSTITUTIONS: SCHOLARSHIPS AND GRANTS
CHAPTER 2. POWER TO AWARD FINANCIAL AID
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IC 21-15-2
Chapter 2. Power to Award Financial Aid
IC 21-15-2-1
Board of trustees; power to award financial aid; conditions
Sec. 1. (a) This section applies to the board of trustees of the
following state educational institutions:
(1) Ball State University.
(2) Indiana University.
(3) Indiana State University.
(4) Purdue University.
(5) University of Southern Indiana.
(b) The board of trustees of a state educational institution may
award financial aid to students and groups of students out of the
available resources of the state educational institution through:
(1) scholarships;
(2) fellowships;
(3) loans; and
(4) remissions of fees, tuition, charges, or other funds;
on the basis of financial need, excellence of academic achievement
or potential achievement, or any other basis that the board of trustees
finds to be reasonably related to the educational purposes and
objectives of the institution.
As added by P.L.2-2007, SEC.256.
IC 21-15-2-2
Board of trustees; duties
Sec. 2. (a) This section applies to the board of trustees of the
following state educational institutions:
(1) Ball State University.
(2) Indiana University.
(3) Indiana State University.
(4) Purdue University.
(5) University of Southern Indiana.
(b) The board of trustees of a state educational institution shall
award financial aid in the best interests of the institution and the
state.
As added by P.L.2-2007, SEC.256.
IC 21-15-2-3
Board of trustees; additional powers
Sec. 3. The board of trustees of Ivy Tech Community College may
provide scholarships and remission of fees in proper cases.
As added by P.L.2-2007, SEC.256.
IC 21-15-2-4
Annual report
Sec. 4. (a) Each state educational institution shall submit a report
Indiana Code 2016
annually to the legislative council and the commission for higher
education that includes the amount of need based financial aid and
merit based financial aid available to students from all sources.
(b) A report submitted to the legislative council under this section
must be in an electronic format under IC 5-14-6.
As added by P.L.2-2007, SEC.256.
Indiana Code 2016
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