Office of Student Financial Assistance

Indiana University | Bloomington

Main Navigation




Loans

A loan is a type of aid that must be repaid. Students and parents both may borrow loans to help cover college costs; loans may be borrowed up to the student's cost of attendance, minus any other aid the student is receiving.

If a FAFSA (Free Application for Federal Student Aid) is completed, our office will consider the student for federal student loans, including the Federal Stafford Loan and the Federal Perkins Loan. The type and amount of loan for which a student is eligible depends on the student's financial need, class level, and previous borrowing history.

If additional loans are needed, parents and graduate students may apply through our website for the Federal PLUS Loan, or students may apply for a private student loan. These loans require separate applications each year, and students must meet all regular financial aid eligibility requirements for the loan to be processed.