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Costs & Financial Aid

A Superior Education That Doesn’t Break the Bank

With leading academic programs, wide-ranging opportunities, and a commitment to providing an affordable education, it’s no wonder IU remains a leading value among public colleges according to Kiplinger's Personal Finance, who each year names the "100 Best Values in Public Colleges." IU is ranked 39th overall and 4th among Big Ten universities. 

  • IU offers more than $500 million in financial aid each year.
  • About 68 percent of IU students receive some form of financial aid.
  • Applying for aid is free and hassle-free—and you’ll be considered for many scholarships just by applying to IU.
  • Our Student Central website offers tips to help you achieve that IU degree without acquiring an unnecessary mountain of debt to go along with it.

The Basics

Many IU undergraduates receive one or more types of financial aid to help them and their families pay for college. Financial aid is typically awarded based on academic merit or financial need, and is available in three forms:

  • Grants and scholarships, which do not have to be repaid
  • Loans, which have to be repaid
  • Work-study, which provides aid in exchange for work, usually in the form of campus-based employment

IU offers a variety of forms of merit- and need-based financial aid to help you finance your IU education. We participate in all federal grant, loan, and employment programs, and we award millions of dollars in scholarships every year.

Visit the Office of Student Financial Assistance for information on need-based financial aid and the Office of Scholarships for information on merit scholarships.