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.