Student Loans for IU Bloomington Students
About IU Bloomington
IU Bloomington, the flagship school of the IU system, is one of those pretty excellent schools that you might not consider if you live outside of Indiana – only 31% of students are out-of-state – but it certainly merits a long, close look when making your college list. IU Bloomington is one of the premier research universities in the country, is considered a Public Ivy, and Bloomington, the city in which it is located, was named one of the top 10 most student-friendly cities in the country with populations less than 1 million people (Bloomington comes in with a population of just over 80k as of 2010). If that’s not a compelling list of reasons to go to IU Bloomington, we don’t know what is. When you’re making a budget for a semester or a year, it’s important to consider any aid you might have gotten through the IU Bloomington Financial aid office: be sure to use your aid money in the right places, and try to minimize your personal costs. As for spending, there are a few other costs you might not think of that come after room and board, books, study materials, and buying food on weekends. For example, a student ticket package for football and basketball will run you $270 for 2011-2012, and you never know when dues/fees will crop up for social organizations, so keep these costs in mind when budgeting on IU Bloomington Financial Aid.
Applying for IU Bloomington Financial Aid is pretty simple, so there’s no need to panic. Just like with any other college, you’re required to submit the Free Application for Federal Student Aid (FAFSA), which allows schools and the federal government to determine your eligibility for financial need. Be sure to chat with the IU Bloomington Financial Aid office about any ‘free money’ awards – scholarships and grants – you might be eligible for, and also ask them if you’ll need to take out loans to cover the cost of attendance at IU Bloomington. Send in your FAFSA, and you’ll be good to go – you’ll receive a package from the IU Bloomington Financial Aid office either upon admission (freshmen) or when the tuition bill arrives in midsummer (for returning students).
The average cost of attendance at IU Bloomington, blending in-state and out-of-state costs, is just under $26,000 per year. While that seems like a hefty number, never fear: over 64% of students receive some form of IU Bloomington Financial aid, and according to the IU Bloomington Financial Aid office, over $400 million is given out in aid money annually. IU Bloomington Financial Aid is broken down into three broad categories: university grants and scholarships (both need and merit-based), student loans, and work-study programs. The IU Bloomington Financial Aid office is also quick to mention that millions of dollars are given out annually to students in the form of merit- and need-based scholarships, though they do not specify the exact amount.
Students who need additional money to supplement their IU Bloomington Financial Aid package should exhaust all aid options before turning to private student loans. If you have done this, and you are in need of a private student loan, check out our student loan comparison tool above. It allows you to search, compare, and apply for the student loan that best suits your financial needs.
The Indiana University Bloomington financial aid office has a number of aid options available for its international student population. International students interested in federal aid options are required to fulfill a variety of federal standards. If an international student cannot satisfy any of the requirements for receiving federal aid, the Indiana University Bloomington financial aid program offers several different grants and scholarships for which international students may be eligible.
Pay for Indiana University – Bloomington*
|Total Avg. Cost||$20,099|
|Room & Board||Not Avail.|
|Financial Aid Information|
|Students Receiving Fin Aid||77%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$12,427|
|%Receiving Other Loans||6%|
Get into Indiana University – Bloomington
Contact Indiana University – Bloomington
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics