Financial Aid

Colleges and Universities A-Z Indiana University - Bloomington
1

<p>I was wondering when I could expect the financial aid package to come in. Also how generous are they for out of state students, on collegeboard it says the average financial aid package is 10,000, is that true?</p>

2

<p>First, check your onestart account and see if there is any information in there. I had a conversation with someone in financial aid last week. In discussing his work, he said March is a very busy month as they are preparing financial aid for all accepted freshman that applied for aid. Another poster seems to indicate that it maybe early April before they are done. I can’t answer completely answer your question about OOS financial aid. If you are eligible for federal aid (pell grants and/or work study) you will get that. If you are eligible for subsidized loans you will receive those. You will also be offered unsubsidized loans. Grants are typically for instate students.</p>

3

<p>I was on campus yesterday and one of the people in the admissions office said that if you had submitted your FAFSA on or before the priority date, you’ll likely receive your package around the end of the month.</p>

4

<p>When was the FAFSA priority date? I submitted mine March 1st.</p>

5

<p>We got a “recap” type letter from the financial aid office last night in the mail.</p>

6

<p>We’re in California.</p>

<p>We got a letter in the mail today stating what financial aid they could offer us. Aside from the $9,000 merit scholarship, there were subsidized and non-subsidized Stafford **loans ** and work study equaling $7,000. Since we’re out of state, that would still leave a chunk of change out of pocket and money to paid back. And, we really don’t want our daughter to have student loans for undergrad if she can help it. </p>

<p>I think I’m going back to my original criteria: No OOS *public *colleges, unless there was a signficant no-loan grant or the total cost was closer to what we would be paying in-state. It just doesn’t make sense for her to go 2,000 miles away for an education and experience she can get right here in her own state. She will be going to grad school and *then *she might consider going OOS. But, again, that will cost money, too. My husband is a teacher and they’re going to be forced to take furloughs, so that’s something else to consider. For Indiana students, especially those who secure those generous automatic scholarships, IU is a bargain!</p>

<p>Indiana looks like a *wonderful *school. No doubt about it! But, I imagine there are *many *exceptional colleges in the U.S. But, we have some fine schools right here in California which will be more affordable for us. Thankfully, she got accepted to a highly ranked Masters university 2½ hours from us. And, difficult to get into! It’s also a state college, so much more in line with our budget. And, it, too, boasts of a small, friendly college town similar to Bloomington. The surrounding area is even more versatile with wineries, the ocean, mountains and midway between San Francisco and LA. No, the campus doesn’t have “the traditional look” or Big 10 sports that IU has. But, the demographics are similar and it’s got some top rated programs. An energetic and spirited student body who also root for their teams. It’s also half the size. Ten minutes from the beach, too! :slight_smile: </p>

<p>Soon she’ll hear from her 5 remaining schools, three of which are UCs. After that, she’ll make a final decision. We originally had planned to fly out to see IU next month, but at this point it’s on hold. If she hadn’t been accepted to any desirable schools here in CA, we might have still given IU high consideration. But, realistically it just doesn’t look feasible. She will have plenty of opportunities to venture out and experience other states after undergrad. And, there’s always the chance that she might study abroad *during *that time.</p>

<p>While it’s *great *fun to be wooed by IU, ie; personalized postcards, videos, scarves, email, etc…we have to think of how it will affect our wallet. We’re also in the recent process of lending money to one of our grown daughters for a down payment on her first home. This came about after our daughter applied to IU.</p>

<p>Best wishes to all of you who will be attending IU in the fall!</p>

7

<p>P.S. I’ll always be an IU fan, even though we’ve never even visited. I felt like I really got to know all about the school and town in these past months. And, again, they have such a nice way of showing how much they want you! It’s very tempting. But, it just costs too darn much for us to go OOS. :frowning: My daughter understands that, thank goodness.</p>

8

<p>I got my financial aid it was 5000 in loans and 1500 work study. My dad is in the military and transferred the gi bill to me so the total cost of attending IU would be about 12,000 a year, do you think attending the school is worth the cost?</p>

9

<p>$12,000 a year would be do-able for us, OOS *or *in-state. So, yeah, I would say it’s worth it. But that would need to include money for flying back and forth to IU from CA and all other costs. Actually,we could swing a few thousand more for transportation, etc. On the other hand, since we haven’t even visited the school or Indiana, this is all based on what we’ve seen on paper and heard from others here on CC. I’ve also seen some posts from Indiana residents who feel IU is overrated. But, that could also be because so many kids from their h.s. attend and they’re tired of it. :slight_smile:

bigmike7104 wrote:&lt;/p&gt;

&lt;p&gt;got my financial aid it was 5000 in loans and 1500 work study. My dad is in the military and transferred the gi bill to me so the total cost of attending IU would be about 12,000 a year, do you think attending the school is worth the cost?&lt;/p&gt;