OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Ball State University Financial Aid and Scholarships 2026

Located in Muncie, IN, Ball State University is a public university. The university covers an area of 1,140 acres. Ball State University was founded in the year 1918. Ball State University believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is "We Fly" and its official colors are cardinal and white. In addition to over 16,702 undergraduate students, BSU also boasts of over 5,741 students in its p

$4,992

Avg. Federal Grant

$6,055

Avg. Federal Loan

$128,286,774

Total Aid Awarded

College Search

Ball State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$128.287M

Financial Aid Official Website

www.bsu.edu/finaid

As many as 91% of the students at BSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $62,717,590 in a year. More information regarding the financial assistance schemes can be accessed on BSU’s official financial aid page at http://www.bsu.edu/finaid. Notably, a total of 37% of the applicants to Ball State University receive the Federal Grant every year. Meanwhile, 76% of the applicants receive the Student Grant and 60% are awarded the Institution Grant, while 37% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,200, while the same comes to $7,438 for State Grant receivers and $7,501 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,048. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 64% of the applicants to Ball State University opt for student loans.

Explore College Scholarships

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

33%

Institution Grant Aid

58%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,992

State Grant Aid

$7,523

Institution Grant Aid

$8,010

Pell Grant

$4,805

The financial breakdown indulges into the proportion of students awarded with certain grants as per their eligibility,academic excellence and full-time enrollment. To reflect the average aids offered to students, its mention worthy that:

37% of the students receive Federal Grants which comprises an average aid of US$4,992. 37% of the students receive Pell Grants which comprises an average aid of US$4,805.

33% of the students receive State Grants which comprises an average aid of US$7,523.
58% of the students receive Institutional Grants which comprises an average aid of US$8,010.
The amount of federal loan provided to students on an average reaches nearly up to US$5,248.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,364

$30,001 - $48,000

$12,829

$48,001 - $75,000

$8,667

$75,001 - $110,000

$4,713

Over $110,000

$2,638

This displays the distinctive range of federal aids offered to students based on their family income, with financial aid for these ranges fluctuating between US$2,638 and US$15,364. As observed, the highest amount of finaid offered to students belongs to the family income group US$0 - US$30,000 and the lowest finaid is offered to the group with income more than US$110,000.

The average financial aid amounts to US$8,842 which reflects that the greatest percentage of students will receive the financial aid amounting US$8,667 falling under the income category ranging from US$48,001- US$75,000.

Students’ families with income less than US$75,000, will be offered with financial aid reaching nearly US$15,564, US$12,829and US$8,667. On the other hand, families with income more than US$75,000, will be offered with financial aid reaching nearly US$4,713 or US$2,638.

Student Loans for Ball State University

Average Loan Amount Average Loan Amount received per year.

$7,831/Year

Students Taking Out Loans

66%

Loan Default Rate

5.3%

Explore Tuition & Cost Breakdown Explore Best Student Loans

Exploring Loan Options for this school?

Compare private student loan rates from 10+ lenders to find the best deal for your education. No impact to your credit score.

Compare Student Loan Rates

The College Monk partners with Credible to help you compare student loan rates. If you apply through our links, we may earn a commission at no extra cost to you. This does not influence our editorial recommendations. Full disclosure

Other Colleges In Indiana

Butler University

Indianapolis, Indiana 4 years Private Not-For-Profit

Indiana State University (ISU)

The online college of Indiana State offers more than 70 programs that can be completed 100% online or with minimal campus visits. The university also offers accelerated programs so that the students can be done with their programs as soon as they can.

The total student population is

Terre Haute, Indiana 4 years Public

University of Evansville

Evansville, Indiana 4 years Private Not-For-Profit

View All Colleges in Indiana

Other Public Colleges

Florida State University (FSU)

Florida State University was founded in 1851 and is the oldest continuous site of higher education in Florida.

The FSU acceptance rate is 37%.
The total student population of the university is 41,005 students, while t

Tallahassee, Florida 4 years Public

Metropolitan Community College (MCCKC)

Online Education at MCC

Most of the students at the college opt for online courses as these courses have the flexibility to provide a learning enviro

Kansas City, Missouri 2 years Public

Iowa State University (ISU)

The combination of rich history, scenic campus, being a part of Abraham Lincoln’s land-grant experiment and the Cyclone experiment which is aimed at creating an inventive and progressive spirit is what makes the university unique. The retention rate of the ISU is 88% for full-time students

Ames, Iowa 4 years Public

View All Public Colleges

Need Expert College Admissions Guidance?

Our admissions consultants — HEC Paris & UCL alumni — have helped students get into top universities worldwide. Free initial consultation.

Get Free Consultation →