CHAPTER 2. POWER TO AWARD FINANCIAL AID

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 thefollowing 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 mayaward financial aid to students and groups of students out of theavailable 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 achievementor potential achievement, or any other basis that the board of trusteesfinds to be reasonably related to the educational purposes andobjectives 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 thefollowing 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 shallaward financial aid in the best interests of the institution and thestate.
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 mayprovide 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 reportannually to the legislative council and the commission for highereducation 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 sectionmust be in an electronic format under IC 5-14-6.
As added by P.L.2-2007, SEC.256.