$4,943

Avg. Federal Grant

$5,124

Avg. Federal Loan

$233,963,279

Total Aid Awarded

Indiana University Bloomington Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$233.963M

Financial Aid Official Website

https://admissions.indiana.edu/cost-financial-aid/

INDIANA UNIVERSITY BLOOMINGTON FINANCIAL AID

Paying for college has been made easier for the students through the agency of financial aids. These financial aids include Scholarships, work-study, Grants, and so on. 64% undergraduates were at the receiving end of grant or scholarship aid in 2018-2019. Most types of aids are need-based.

Scholarships, also known as gift aids, do not have to be paid back and are awarded on the basis of academic achievement or financial need.

Grants are also known as gift aids and need not be repaid.

Student loans, unlike Scholarships and grants, are not gift aids and need to be repaid by the students with a certain amount of interest.

Work Study is another form of financial aid which is earned through part-time jobs on or near campus and helps the students in managing the cost of tuition.

Students have to apply for financial aid by using the FAFSA or the Free Application for Federal Student Aid.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

18%

Institution Grant Aid

59%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$4,943

State Grant Aid

$8,071

Institution Grant Aid

$8,375

Pell Grant

$4,683

Financial Aid Breakdown refers to the breakdown of different forms of financial aids or grants. The Institutional Grant Aid Percentage is the highest at 59% and the average Financial Grant aid is $8375. The percentages of Federal Grant Aid and Pell Grant Aid are the same at 19%. Meanwhile, the state Grant Aid Percentage is 18%. The average State Grant Aid awarded is $8071.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,286

$30,001 - $48,000

$18,084

$48,001 - $75,000

$12,244

$75,001 - $110,000

$4,244

Over $110,000

$2,999

Average Federal Aid received may differ based on family income. The average federal aid awarded for an income anywhere between $0 and $30K is $19286. The average federal aid decreases with an increase in the income. For instance, the average federal aid amount for income over $110K is $2999.

Student Loans for Indiana University Bloomington

Average Loan Amount Average Loan Amount received per year.

$7,832/Year

Students Taking Out Loans

35%

Loan Default Rate

N/A

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