Your guide to your Financial Aid Notice
At Indiana University, your Financial Aid Notice shows the types and amounts of aid you’ve been offered. Use this page to better understand what’s in your notice, accept your awards, and find tools and resources to help you manage your aid with confidence.
Financial aid will automatically apply to your tuition, fees, and housing charges. In general, half of your aid will be available for the fall semester and half for the spring semester.
All funds, with the exception of federal work-study, will be credited to your student account before classes begin. Any excess funds will be refunded to you, usually the week before the semester starts. To ensure that you receive your refund, please set up direct deposit in One.IU.
Cost of attendance or COA includes tuition, mandatory fees, housing, and other expenses. Review IU Bloomington's cost of attendance.
Different sources of money to pay for college. Scholarships, grants, loans, and work-study are all types of financial aid.
At Indiana University Bloomington, students can enroll in a minimum of 12 credits per semester and up to 40 credit hours across fall, spring, and our August and winter intersessions—all for the same cost.
Money that does not need to be repaid, such as grants and scholarships.
Awards from federal, state, and institutional sources. Grants are often based on financial need and do not need to be repaid.
Money borrowed to pay for education costs. Loans must be repaid. Possible loan sources include the federal government or private lenders.
The amount you will need to pay with your own money or loans after scholarships or grants have been subtracted from the cost of attendance.
Financial awards based on academic merit or other factors. Scholarships do not need to be repaid and are often renewable.
Funds from student employment and loans.
Calculated from your FASFA, the Student Aid Index is used to determine your eligibility for different types of aid.
Working in a part-time position while enrolled in classes where you can build skills employers seek, learn time management skills, and earn funding for educational and living expenses to reduce your need for borrowing. Explore IU Bloomington's resources to support student's seeking part-time employment.
Once you review your Financial Aid Notice or view your financial aid online in One.IU, follow the steps below.
To Do List
Accept/Decline Awards
Loans
Be sure to monitor your aid and check your IU email for any information regarding the following factors that may affect your financial aid:
We are required by the U.S. Department of Education to verify the accuracy of FAFSA data. If you are selected for verification, you must submit tax information and other documents, which may result in changes to your financial aid.
We’ll monitor your enrollment during the academic year. If you are enrolled in fewer than 12 credit hours, your financial aid may be reduced. Note that you may only receive financial aid for courses that satisfy your degree requirements.
Contact us if your financial circumstances change due to unemployment, divorce, death in the family, or other event. We may be able to reassess your financial aid eligibility.
Financial aid is subject to revision based on changes in federal, state, and institutional regulations; funding; enrollment; financial need; or the receipt of other awards. Any changes to your eligibility can be reviewed on One.IU in your Student Center.
Take advantage of the resources available to you, including flat-rate tuition, financial advising, scholarship funds, and more. And don’t forget to file your FAFSA each year to maintain financial aid eligibility.
Once you have your financial aid, make sure to keep it by maintaining your enrollment status and making satisfactory academic progress. Your academic progress will be reviewed each year.
Bloomington offers students the comfort of a small town with all the culture and excitement of a larger city. Whether you want to sample international cuisine, hike miles of trails, or attend thrilling concerts, Bloomington has so much to do and see.
Have the money talk! Once you’ve received your financial aid package, talk with your family and supporters about how you’re planning to pay for and manage your college costs.
At Indiana University Bloomington, you have a community of people ready to help you navigate your experience, from day one to graduation and beyond. Get to know some of the people and offices here to help you along the way.
Get answers about financial aid, your student account, and more by contacting our office.
