<p>How is IU on OOS need based financial aid? I am going to estimate that my EFC is going to be around $5000 it may be lower or it may be higher. (not sure) My mom's salary is $48,000-50,000 so I am going to need some help. Also, does IU only give out merit aid because almost all the scholarships I see on their website are all merit and most are for Indiana students. I'm also black if that helps.</p>
<p>Indiana University is a public university in Indiana. That being the case, their primary mission is to provide assistance to students who are residents of Indiana. The school does not guarantee to meet full need of accepted students. This means that you are likely to see a gap between the cost of attendance minus your EFC…and the financial aid IU offers to you. </p>
<p>It is probable that most of the need based aid IU disburses is federally funded…the Pell grant, Stafford and Perkins loans, and work study (maybe SEOG if the school uses that). If your EFC is above $5400 you would not qualify for a Pell grant at all. Many schools only offer SEOG to students with a $0 EFC. IU might have a limited amount of need based institutional aid…but not enough to meet full costs in all likelihood.</p>
<p>I don’t know IU’s specific policies but most public universities that do give need based aid to OOS students do not meet the OOS costs of attending the school. </p>
<p>The school likely does some preferential financial aid packaging…likely offering more aid to students they wish to attract. Do you have a high GPA and SAT or ACT score that would make you a very attractive applicant to IU?</p>
<p>In general, OOS public university costs are not met by need based aid offers. The only exceptions are the couple of public universities that guarantee to meet full need…IU is not one of them.</p>
<p>If your EFC is above Pell Grant amounts, then you’ll likely only get a small student loan…not enough to cover your costs.</p>
<p>IU may have some scholarships for AA students, but probably not enough to make a dent in their high OOS costs. </p>
<p>Frankly, there are few OOS publics that are affordable for those who can’t pay much. Usually, to afford those schools, you need a large merit scholarship. </p>
<p>I don’t think IU will be affordable…Where else did you apply?</p>
<p>IU has some automatic merit scholarships based on GPA and test scores. See [Automatic</a> Academic Scholarships: Office of Scholarships: Indiana University Bloomington](<a href=“http://www.scholarships.indiana.edu/scholarships/automatic/index.php]Automatic”>http://www.scholarships.indiana.edu/scholarships/automatic/index.php) . There is another IU scholarship you may qualify for: [The</a> Hudson and Holland Scholars Program](<a href=“http://www.indiana.edu/~hhsp/]The”>http://www.indiana.edu/~hhsp/)</p>
<p>Well I have a 3.9 weighted and a 3.7 unweighted, I got a 28 on the ACT, but I’m redoing it in April and I was also looking at Binghamton and Syracuse…do they give good aid? I know Bing is the #1 best value for OOS but I am not sure if their business school is good enough. I would love to go to Syracuse for their Whitman and iSchool dual degree, but I have heard mixed reviews about their financial aid.
Do you guys think you can give me your opinion on those schools?</p>
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<p>I don’t have any first hand knowledge about the Bing business programs. BUT I do know some Syracuse grads and they were very happy with the business program there, as well as the career recruiting that took place on campus. There is no way to predict how much aid you will receive from Syracuse as they do not guarantee to meet full need…so packages can and do vary. </p>
<p>SUNY Bing IS a great value for OOS students. The cost is modest compared to the OOS costs at many other public universities. It is a competitive admit…so good luck. I don’t think they give merit aid to incoming freshmen (is that right?). They also do not guarantee to meet full need…no telling what their aid would be for an OOS student.</p>