Scholarships & Grants

Scholarships and Need-Based Aid
Federal Grants
State Financial Aid
Tuition Exchange Program

Scholarships and Need-Based Aid

Holy Cross College offers a number of scholarship opportunities. Every application for admission is reviewed not only for admission to Holy Cross College, but also for the student’s eligibility for merit scholarships. This review will be based on the student’s application for admission. Thus, be sure to include in your application any information related to the following categories: academic excellence, school leadership, church involvement, community service, military service (you or family members), and/or athletic achievement. In addition, Holy Cross College is committed to providing need-based financial assistance. To be considered for need-based aid, students must submit the Free Application for Federal Student Aid (FAFSA). Those who are not citizens but residing in the United States are considered for merit scholarships and need-based aid.

Federal Grants

Pell Grants

Federally-funded Pell Grants are a form of need-based financial aid calculated by using the Expected Family Contribution (EFC) as determined by the Free Application for Federal Student Aid (FAFSA) and a student’s Cost of Attendance for the year.  A student is automatically considered for Pell Grants upon submission of the FAFSA.

Federal Supplemental Education Opportunity Grant Program (FSEOG)

The Federal Supplemental Educational Opportunity Grant Program (FSEOG) provides assistance to students with exceptionally-low EFCs.


The TEACH Grant program is a non-need-based grant program that provides up to $4,000 per year to students who are enrolled in an eligible program and who agree to teach in a high-need field, at a low-income elementary or secondary school as a highly qualified teacher, for at least four years within eight years of completing the program for which the TEACH Grant is awarded. The student must sign a service agreement to this effect and complete all required counseling prior to receiving a TEACH Grant.

If the student subsequently fails to meet the requirements of the service agreement, the TEACH Grant will be treated as a Direct Unsubsidized loan, and the student must repay the TEACH funds, with interest accrued from the date of disbursement, through the Department’ Teach Grant Servicer.

With respect to enrollment status, the program must require an undergraduate student to enroll for at least 12 credit-hours in each term in the award year to qualify as full-time. For more information about the TEACH Grant:

Yellow Ribbon Program for Veterans

The Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program) is a provision of the Post-9/11 Veteran’s Educational Assistance Act of 2008. This program allows institutions of higher learning (degree-granting institutions) in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed either the annual maximum cap for private institutions or the resident tuition and fees for public assistance. The institution can contribute up to 50% of those expenses and the VA will match the same amount as the institution.

Indiana State Financial Aid

Frank O’Bannon Grant

The Frank O’Bannon Grant includes both the Higher Education Award and the Freedom of Choice Award. The grant is designed to provide access for Hoosier students to attend eligible public, private, and proprietary post-secondary institutions. Eligibility for the grant is based on financial need as determined by the FAFSA. The grant may be used toward tuition and regularly assessed fees.

Program Requirements:

  • Must be an Indiana resident by December 31 the year prior to applying for aid and must remain a resident throughout the academic year
  • Must be a U.S. Citizen or eligible non-citizen
  • Must be a high school graduate or hold a GED
  • Must attend, or plan to attend, an eligible post-secondary institution
  • Must be enrolled, or plan to enroll, in a course of study leading to an associates or first bachelor’s degree, or a certificate at select institutions
  • Must be a full-time student, or plan to enroll as a full-time student.
    • Must abide by credit completion requirements each academic year to renew maximum award
    • In some cases, degree-seeking students may use the Frank O’Bannon grant during the summer while enrolled part-time. Refer to the specific guidelines for using the Frank O’Bannon grant during summer terms
  • Must file the FAFSA by April 15 prior to the academic year of intended enrollment

Indiana’s 21st Century Scholars

Indiana’s 7th and 8th grade students can apply for the 21st Century Scholars Program if their families meet the eligibility guidelines. Student not admitted into the Program can reapply the following year, but—with the exception of students in foster care—all students must apply by June 30 of their 8th grade year.

Program Requirements:

To apply for the 21st Century Scholars Program you must:

  • Be a resident of Indiana, both when you apply and when you receive the scholarship (determined by the residency of your parent or legal guardian)
  • Be a U.S. citizen or eligible non-citizen. Read the citizenship qualifications or details
  • Be enrolled in the 7th or 8th grade at a public school, charter school, freeway school, or other school accredited by the Indiana Department of Education or an accrediting agency recognized by the Indiana State Board of Education
  • Fulfill the 21st Century Scholars Pledge.
  • Be one of the following:
    • A member of a family at or below the income maximum
    • Placed in foster care

High School Seniors and College Students wanting to use the 21st Century Scholarship must:

  • Maintain Indiana residency, as determined by the permanent residence of your parent or legal guardian
  • Submit an Affirmation Form by March 10 of your senior year in high school
  • Apply to and be admitted to an eligible Indiana college, university or proprietary school as a high school senior
  • Submit the Free Application for Federal Student Aid (FAFSA) by the April 15 deadline during your senior year of high school and every year thereafter until you graduate from college
  • Fix any errors on your FAFSA by the May 15 deadline
  • Respond to any requests for additional information from the 21st Century Scholars program, the Indiana Commission for Higher Education or your college by stated deadlines.

Tuition Exchange Program

Holy Cross College is a member of the Tuition Exchange. The Tuition Exchange provides a reciprocal scholarship exchange program for eligible dependents of full-time faculty and staff among its members of over 600 colleges and universities located in 46 states and the United Kingdom. The majority of participating colleges offer only full-time remission for undergraduate degrees. For more information, visit the Tuition Exchange website.

Information for prospective students who are interested in participating in the Tuition Exchange can be found here.