by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Discover the financial aid possibilities at IU Bloomington and learn what assistance you might qualify for by continuing to read.
Indiana University - Bloomington average financial aid offer for freshmen students is $12,379.00. About 80% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Indiana University - Bloomington.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Indiana University - Bloomington.
61% of new students (5044 total) were given scholarships at Indiana University - Bloomington, averaging $8,384.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 30% of freshmen (2460 total) obtained a federal grant, for about $4,080.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.65% | $19,835.00 |
| Income 30k-48k | 5.19% | $18,526.00 |
| Income 48k-75k | 4.73% | $13,218.00 |
| Income 75k-110k | 2.82% | $5,353.00 |
| Income 110k + | 4.86% | $2,781.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
80% of the 8268 undergraduates at Indiana University - Bloomington receive some sort of grant aid. This is a total of about 5718 students getting an average of $12,379.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
