by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Indiana University-Bloomington can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can IU Bloomington offer, and what will you qualify for? Keep reading for more information. Read on to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Indiana University-Bloomington.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Indiana University-Bloomington, 82% of the incoming full-time class was awarded financial aid some 7810 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $10,487 |
| Institutional grants & scholarships | 69% | $7,434 |
| Federal Pell grants | 18% | $5,707 |
| State/local grants | 18% | $7,927 |
| Federal student loans | 31% | $5,063 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At IU Bloomington, some 68% of undergraduate students received gift aid averaging $11,540 (covering around 24920 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $11,540 |
| Federal Pell grants | 17% | $5,600 |
| Federal student loans | 27% | $5,947 |
For on-campus title-IV students, average grant aid came to $12,537.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,677 |
| $30,001 – $75,000 | $10,009 |
| Over $75,000 | $23,042 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,264 |
| Off-campus title-IV students | $15,342 |
For a personalized estimate based on your family’s financial situation, use IU Bloomington’s official net price calculator: studentcentral.indiana.edu/cost-of-iu/index.html.
The middle student in the debt distribution at IU Bloomington owes $15,519 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,519 |
| Median federal debt (graduates only) | $19,509 |
| Typical 10-year monthly payment (graduates) | $206.83/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at IU Bloomington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $7,110 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $14,000 |
| High income | $18,438 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $16,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,506 |
| Independent students | $16,700 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. IU Bloomington.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at IU Bloomington:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88645 |
| Total Stafford loan amount | $2,025,926,664 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 353 |
| Total GI Bill amount | $4,743,716 |
| Average GI Bill amount per recipient | $13,438 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 59 |
| Total DoD amount | $197,959 |
| Average DoD amount per recipient | $3,355 |
References
More about our data sources and methodologies.