$5,069

Avg. Federal Grant

$5,239

Avg. Federal Loan

$145,427,439

Total Aid Awarded

Indiana University-Purdue University Indianapolis (IUPUI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$145.427M

Financial Aid Official Website

www.iupui.edu/~finaid/

Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. Notably, 89% of the students at Indiana University-Purdue University-Indianapolis get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $58,840,768. More information regarding the financial assistance schemes can be accessed on IUPUI’s official financial aid page at http://www.iupui.edu/~finaid/. Notably, a total of 42% of the applicants to Indiana University-Purdue University-Indianapolis receive the Federal Grant every year. Meanwhile, 71% of the applicants receive the Student Grant and 65% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,251, and the same stands at $6,827 for State Grant awardees and $5,231 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,577. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Indiana University-Purdue University-Indianapolis, the percentage of candidates who opt to avail of student loans is around 45%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

43%

Institution Grant Aid

64%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$5,069

State Grant Aid

$7,311

Institution Grant Aid

$5,363

Pell Grant

$4,793

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,989

$30,001 - $48,000

$14,317

$48,001 - $75,000

$9,069

$75,001 - $110,000

$3,153

Over $110,000

$2,217

Student Loans for Indiana University-Purdue University Indianapolis (IUPUI)

Average Loan Amount Average Loan Amount received per year.

$6,443/Year

Students Taking Out Loans

45%

Loan Default Rate

5.9%

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