by our College Data Analytics TeamThe majority of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at University of Southern Indiana can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can USI offer you, and what will you qualify for? Keep reading for more information. Keep going to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at University of Southern Indiana.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at University of Southern Indiana, 98% of entering full-time freshmen got some type of financial assistance around 1243 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $8,826 |
| Institutional grants & scholarships | 93% | $4,400 |
| Federal Pell grants | 37% | $5,544 |
| State/local grants | 35% | $6,790 |
| Federal student loans | 39% | $5,063 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 58% of undergraduates were awarded an average grant or scholarship of $8,758 (among about 4308 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $8,758 |
| Federal Pell grants | 23% | $5,357 |
| Federal student loans | 26% | $6,077 |
Title-IV recipients living on campus saw average grant aid of $9,460.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,981 |
| $30,001 – $75,000 | $11,272 |
| Over $75,000 | $17,270 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $12,923 |
| Off-campus title-IV students | $12,621 |
To project your own net price, use USI’s net price tool: usi.studentaidcalculator.com/survey.aspx.
A typical borrower at USI leaves with $13,236 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,236 |
| Median federal debt (graduates only) | $20,105 |
| Typical 10-year monthly payment (graduates) | $213.15/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. The figures below chart the debt distribution at USI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $23,962 |
| 90th percentile (highest-debt students) | $30,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,891 |
| High income | $14,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,243 |
| Continuing-generation students | $13,027 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,622 |
| Independent students | $12,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. USI.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at USI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 29121 |
| Total Stafford loan amount | $488,666,343 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 98 |
| Total GI Bill amount | $543,151 |
| Average GI Bill amount per recipient | $5,542 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 41 |
| Total DoD amount | $124,266 |
| Average DoD amount per recipient | $3,031 |
References
More about our data sources and methodologies.