Things to Know:
The following information applies to both undergraduate and graduate fee remissions:
- Fee remissions offered to students who are receiving federal financial aid will not credit to students’ accounts until they are reviewed and approved by the financial aid office. Additional research or processing may be required if the student does not have adequate unmet need after federal aid has disbursed. The best way to ensure that fee remissions will be processed by the financial aid office in a timely manner is to enter the awards prior to the semester disbursement date (10 days before the first day of classes each semester).
- All fee remissions for undergraduate and graduate students are reflected on the financial aid account using estimated, non-disbursing placeholder awards to comply with federal regulations regarding reporting estimated financial assistance. The amount of the placeholder awards is initially based upon the amount entered as estimated financial aid in the SIS third party contracts by the awarding department; however, the placeholder amount may be increased by the financial aid office to reflect the estimated tuition amount reflected in the student’s financial aid budget for full fee remission. It is imperative that initial estimates be as accurate as possible based on the amount the student will actually receive in fee remission funds. Inflated award amounts will reduce the amount of federal aid that a student can receive. Underestimated award amounts will cause the student to be over-awarded putting Indiana University out of compliance with federal regulations.
- Fee remissions can be estimated using the standard cost of attendance (or budget) figures provided on the financial aid website. The tuition and fees figures for resident and non-resident undergraduates are based on full-time enrollment. The same figures for graduate students are based on eight credit hours per academic semester. For more detailed information on individual tuition and fee amounts, the Office of the Bursar’s website contains a listing of all per credit hour tuition rates.
- Fee remissions should be finalized prior to the last day of classes each semester. However, late changes to fee remission amounts are possible after the end of each academic term. Be aware that increases to fee remissions will still be subject to review by the financial aid office for any federal financial aid recipients. After the end of each academic term, any decreases to fee remissions can no longer be replaced with other federal financial aid. If you reduce a fee remission after the end of the academic term without providing alternate assistance, the student is placed in a liability situation as is the university that must collect funds from the student for the balance created.
- Please contact the Office of Student Financial Assistance (OSFA), email@example.com for questions.