by our College Data Analytics TeamMany students are not billed 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-Kokomo can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does IU Kokomo offer you, and what will you qualify for? Keep scrolling for more information. Keep going to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Indiana University-Kokomo.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Indiana University-Kokomo, 90% of first-year full-time students received aid of some kind roughly 411 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $8,079 |
| Institutional grants & scholarships | 40% | $2,332 |
| Federal Pell grants | 46% | $5,301 |
| State/local grants | 44% | $6,237 |
| Federal student loans | 27% | $4,797 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At IU Kokomo, about 68% of the undergraduate population received grant aid that averaged $6,500 (across approximately 1811 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $6,500 |
| Federal Pell grants | 33% | $4,923 |
| Federal student loans | 30% | $6,310 |
For on-campus title-IV students, average grant aid came to $7,869.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,214 |
| $30,001 – $75,000 | $5,272 |
| Over $75,000 | $11,370 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $3,968 |
| Off-campus title-IV students | $6,276 |
For an estimate tailored to your family circumstances, see IU Kokomo’s NPC: iuia.iu.edu/compliance-reports/campus-net-price-calc/index.html.
A typical borrower at IU Kokomo leaves with $10,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,000 |
| Median federal debt (graduates only) | $16,961 |
| Typical 10-year monthly payment (graduates) | $179.81/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at IU Kokomo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $23,070 |
| 90th percentile (highest-debt students) | $33,501 |
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 | $9,286 |
| Middle income | $9,507 |
| High income | $11,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $10,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,250 |
| Independent students | $12,500 |
A handful of calculated indicators summarize the debt outlook at IU Kokomo.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at IU Kokomo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10485 |
| Total Stafford loan amount | $178,380,893 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 40 |
| Total GI Bill amount | $268,867 |
| Average GI Bill amount per recipient | $6,722 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $33,757 |
| Average DoD amount per recipient | $3,376 |
References
More about our data sources and methodologies.