$4,997

Avg. Federal Grant

$4,868

Avg. Federal Loan

$12,842,636

Total Aid Awarded

Indiana University Kokomo (IUK) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$12.843M

Financial Aid Official Website

www.iuk.edu/financial-aid/index.php

Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. As many as 88% of the students at IUK get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,886,475 in a year. More information regarding the financial assistance schemes can be accessed on IUK’s official financial aid page at http://www.iuk.edu/financial-aid/index.php. At IUK, the total percentage of applicants who receive the Federal Grant stands at 44%. Meanwhile, 66% of the applicants receive the Student Grant and 32% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,774, while the same comes to $5,465 for State Grant receivers and $2,207 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,515. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Indiana University-Kokomo, the percentage of candidates who opt to avail of student loans is around 41%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

40%

Institution Grant Aid

28%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,997

State Grant Aid

$5,962

Institution Grant Aid

$2,687

Pell Grant

$4,840

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,455

$30,001 - $48,000

$10,098

$48,001 - $75,000

$4,793

$75,001 - $110,000

$1,033

Over $110,000

$1,002

Student Loans for Indiana University Kokomo (IUK)

Average Loan Amount Average Loan Amount received per year.

$5,184/Year

Students Taking Out Loans

38%

Loan Default Rate

8.4%

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