$4,876

Avg. Federal Grant

$4,916

Avg. Federal Loan

$23,630,369

Total Aid Awarded

Indiana University-South Bend Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$23.630M

Financial Aid Official Website

https://www.iusb.edu/~sbfinaid/

Such schemes include Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. Notably, 93% of the students at Indiana University-South Bend get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,585,588. For additional information about financial assistance schemes, one can head over to IUSB’s financial aid page at https://www.iusb.edu/~sbfinaid/. The total percentage of candidates applying to Indiana University-South Bend who receive the Federal Grant is 52%. On the other hand, 82% of the candidates get the Student Grant, 56% receive the Institution Grant, and 52% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,987, the State Grant receivers and Institution Grant beneficiaries get $5,487 and $2,129, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,423. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 42% of the applicants to Indiana University-South Bend opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

48%

Institution Grant Aid

40%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,876

State Grant Aid

$5,704

Institution Grant Aid

$2,441

Pell Grant

$4,801

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,674

$30,001 - $48,000

$9,993

$48,001 - $75,000

$5,502

$75,001 - $110,000

$1,792

Over $110,000

$1,094

Student Loans for Indiana University-South Bend

Average Loan Amount Average Loan Amount received per year.

$5,220/Year

Students Taking Out Loans

46%

Loan Default Rate

8.1%

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