IU Tution & Fees
Introduction
Indiana University’s tuition and fees for in-state students are $9,076 per semester. Out-of-state students pay $23,566 per semester. Students who live on campus at one of IU’s many dorms pay $10,020 per year if enrolled full-time or $6,600 if registered part-time.
If you need financial aid to help cover the costs of going to college (and most students do), be aware that IU offers an average of $11,420 in grants and scholarships. Scholarships are awarded based on academic excellence, financial need and extracurricular involvement. The average loan amount for incoming first-year students is $27,000; however, there are more options than just loans available, so be sure to explore all your funding options before taking out any loans!
Indiana University has a $9,076 tuition and mandatory fee package per semester. Attendance costs include tuition, room and board, books and supplies, personal expenses and transportation costs for out-of-state students.
The average in-state student pays $8,076 for one year at IU Bloomington. This is less than the national average ($9,716). The school also offers financial aid to those who qualify through grants or scholarships.
Indiana University students receive an average of $11,420 in grants and scholarships
Scholarships are available to incoming first-year, transfer, graduate, and international students. Scholarships are awarded based on academic excellence, financial need and extracurricular involvement. The average scholarship offered by IU-Bloomington is $11,420 per year (based on full-time enrollment).
Scholarships can be used toward tuition and living expenses such as room and board, books and supplies.
Scholarships are awarded based on academic excellence, financial need and extracurricular involvement
Scholarships are awarded based on academic excellence, financial need and extracurricular involvement. The more you participate in extracurricular activities, the more likely you will receive a scholarship. The more you need, the more likely you will receive a scholarship.
The average loan amount for incoming first-year students is $27,000
There’s no denying that $27,000 is a lot of money. But before you start to panic at the thought of taking on such a significant debt burden, you must understand what exactly you’re signing up for.
Congratulations if you’ve been accepted into IU and decided to attend! You’ll be joining an elite group of scholars who will undoubtedly go on to do great things in their careers. However, this does not mean that your financial situation has magically become easier just because you were accepted into one of America’s most prestigious universities (and yes, even if your parents went there). In fact–as many incoming first-year students are discovering–the opposite can be true: now that they’ve gotten into their dream school, these students may find themselves struggling with overwhelming amounts of debt due to their need-based loans and interest rates as high as 7%.
Be prepared to pay for college
The first step to paying for college is being prepared. If you’re like most students, you don’t have thousands of dollars lying around to pay for tuition and living expenses. Don’t worry! You can apply for scholarships and other forms of financial aid. If that doesn’t work out, consider taking out a private student loan (but be sure to read the fine print).
The next thing you’ll need to do when planning on going to college is contacted your school’s financial aid office or website and fill out their FAFSA form (Free Application For Federal Student Aid). This will determine whether or not they think they can afford your education costs without charging them directly out-of-pocket; if so, then great! If not…well…it might be worth considering another option, such as taking some time off before entering into full-time studies at another institution where fees would be lower due to fewer courses required by major/minor requirements, etc.