$4,567

Avg. Federal Grant

$5,946

Avg. Federal Loan

$65,801,137

Total Aid Awarded

Indiana State University (ISU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

63%

Total Aid Amount Average Total Aid Awarded per year.

$65.801M

Financial Aid Official Website

https://www.indstate.edu/finaid/

Indiana State University (ISU) has been accredited by the Higher Learning Commission (HLC) since 1915. Financial aid comes in many forms, including state and federal financial aid, loans, grants, scholarships, and work-study programs.

Merit-based financial support for Graduate Students is available through graduate research and teaching assistantships, fellowships, and tuition scholarships.

Scholarships

Indiana State University offers a variety of scholarships for current and prospective students, some of which are as follows:

  • Children of Fallen Heroes Scholarship: Students eligible for the Pell Grant whose parent or guardian died in the line of duty while performing as a public safety officer are eligible to apply for the Children of Fallen Heroes Scholarship. Eligible students will receive a maximum Federal Pell Grant.

  • ISU Credit Union Scholarship: ISU Credit Union Scholarship provides students a maximum amount of $8,000. Applications are available to ISU Credit Union members wanting to enrol or are already enrolled full-time in an undergraduate degree program.

  • PixelPlex Bi-Annual STEM Scholarship: PixelPlex Bi-Annual STEM Scholarship is provided to students pursuing STEM and business degrees. Eligibility criteria to get awarded with this scholarship is based on the strength of their essay writing, it should be crisp and precise with knowledge about the content. Students are selected from the pool of applicants. The selected student will receive $2,000 to help cover education-related expenses.

For more details on other scholarships the university provides, visit the official website.

Grants

Grants are funds that do not require repayment. Grants are generally awarded to students with the greatest financial need, which is determined by the completion of the FAFSA. There are a couple of grants available to students such as:

Federal Grants

  • Pell Grant: The Federal Pell Grant Program provides need-based grants to undergraduate students to promote access to postsecondary education. Over $7,000,000 is paid annually to ISU students. Federal regulations prohibit a student from receiving a Pell grant for longer than 12 semesters.

  • Supplemental Educational Opportunity Grant (SEOG): The SEOG program provides financial assistance to undergraduates with exceptional financial need. In order to be eligible, the student:

    • Must have a valid FAFSA form, which reflects an EFC value of 0.

    • Must Qualify for the Federal Pell Grant

    • Should enroll in 6 or more credit hours.

    • Should be an undergraduate.

State Grants

  • Adult Student Grant: The Adult Student Grant provides aids to independent students who want to begin or complete an associate’s degree, bachelor’s degree, or certificate. This grant is specifically designed to meet the unique needs of working adults. Students must be an Indiana resident.

  • Colorado Student Grant: Students having financial need and who are Colorado residents are eligible for this award. The amount awarded is between $1,500- $3,000.

Institutional Grant

  • ISU Academic Need-Based Grant: Indiana State University offers the ISU Academic Need-Based Grant to undergraduate students to promote access to postsecondary education. Students should be enrolled in 12 or more credit hours. Students should have a Cumulative High School GPA of at least 2.75 on a 4.0 scale.

  • Sycamore Need-Based Grant: Indiana State University offers the Sycamore Need-Based Grant to provide financial aid to undergraduate students with financial need. Eligibility criteria is that students should have valid FAFSA , should Qualify for the Federal Pell Grant.Student should be enrolled in 6 or more credit hours.

For more details please visit the official website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

46%

Institution Grant Aid

61%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,567

State Grant Aid

$6,239

Institution Grant Aid

$3,288

Pell Grant

$4,494

Indiana State University’s total aid awarded reaches up to a cumulative value of $65,801,137 with almost 63% of the students who applied for it receiving the aid.

  • Federal Grant average aid is $4,567,with the percentage of students receiving it standing at 54%.

  • Pell Grant average aid is $4,494 and the percentage of students receiving it is 54%.

  • 46% of students receive State Grants that contain an average aid of $6,239.

  • Institution Grant average aid worth an average of $3,288 is received by 61% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,185

$30,001 - $48,000

$11,206

$48,001 - $75,000

$6,775

$75,001 - $110,000

$3,344

Over $110,000

$1,759

The average federal aid in Indiana State University is calculated according to the family income of the student. 

Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs. Incomes between $0-30,000 receive aid of about $12,185. Slight change is observed with the change in range; income between $30,001-48,000 receive $11,206. For incomes ranging between $48,001-75,000 the aid provided is $6,775. When the income range increases the aid amount decreases to $3,344$110,000 and higher receive an aid amount of $1,759.

Student Loans for Indiana State University (ISU)

Average Loan Amount Average Loan Amount received per year.

$6,667/Year

Students Taking Out Loans

67%

Loan Default Rate

13.6%

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