More than 25,000 IU undergraduates receive one or more types of
financial aid, totaling $229 million a year. Financial aid refers to the
wide variety of programs that help students and their families pay for
college. It's available in three forms:
- Grants and scholarships, which do not have to be repaid
- Loans, which have to be repaid
- Work-study, which provides aid in exchange for work, usually in the
form of campus-based employment
Almost all aid provided by the federal government is awarded based on
your ability to pay for college. This is not to say, however, that all aid
is need-based. IU awards millions of dollars a year in scholarships to
students who demonstrate exceptional academic potential.
In short, don't count yourself out on financial aid. IU participates in
every federal grant, loan, and employment program, in addition to our own
programs.
For more information on financial aid, visit our Office of Student
Financial Assistance. In particular, you should check out their
instructions and tips on How To Apply.
