<p>After completing my FAFSA, I was confident I could get the price of tuition for IU reduced to maybe a bit above half for an OOS student. I was accepted into the Kelley School of Business and really want to go to IU. They just sent me my financial information which only calls for $10,500 in grants/loans/work-study. My EFC is about $2400 and I live in a single parent home where my mom makes around $44,000 a year. You're telling me they expect me to pay nearly three-fourths of my mother's salary in tuition, YEARLY? My hopes have literally been shattered by this news. Will it really come down to nearly $30,000 in loans to attend IU?</p>
<p>OP,</p>
<p>It is difficult to justify getting a loan of $120K to come to IU. Most state universities have poor financial aid packages. Minnesota seems to be very generous for OOS students while Alabama could be another one for students with good stats. Some private colleges could have better packages.</p>
<p>BuckyHoosier, my daughter’s in the same boat as you. She was really, really interested in attending IU, in a specialized program that’s not offered at our state university. She got the invitation to apply for selective scholarships, and jumped through alot of hoops writing all the extra essays at a time when she was swamped with other college essays and schoolwork. The net result of her work was a $2,000 scholarship. Her total financial aid package knocked $11,000 off the $41,000 sticker price. Unfortunately, our family has another child in college already and can’t begin to afford to pay $30,000 a year in loans/out-of-pocket costs so our daughter can attend a state university, so she won’t be going to IU.</p>
<p>Obviously, IU mostly wants to serve students from Indiana, and the Indiana residents pay taxes that support the university and should clearly pay much less than OOS students. But I think IU may be pricing themselves out of the reach of most OOS students! My sense is that they’re charging at least $5,000 more for OOS students than many other state universities.</p>
<p>What other university is your daughter choosing? It’s awful, especially with getting into Kelley, to think of not going to IU. I have been accepted to UW-Madison and Minnesota, as well as Minnesota’s Business school. What options do you two have?</p>
<p>She’s still waiting to hear from most of the places she applied to, but can definitely go to our state university for half what IU would cost us.</p>
<p>BuckyHoosier: My D and I feel your pain! D is a direct admit to Kelley as well as accepted to Hutton Honors, but the scholarships just won’t cut it. Needless to say the tears have been flowing this week. As a parent I just don’t know if we can justify the debt just for an IU degree.</p>
<p>Out of state schools, especially those with nationally ranked programs like Kelley–often charge what IU charges. Most do not offer the guaranteed scholarships IU does. Michigan State (not UM!) is 40k/year. Univ of Michigan is around 50k/year I believe. Penn State might be a bit less–high 30s for tuition + room and board. OSU is probably 5k less than IU for out of state–but they don’t offer guaranteed scholarships like IU, so I’m betting they wind up being the same or more than IU.</p>
<p>It is what it is–if you can find what you need in-state that is the best deal by far. But for us IU w/ the scholarship offered D some things she couldn’t find in state, at a cost that was way less than some privates (the kind of privates that offer only need-based aid). For us, it was expensive, sure, but a good value (and we’ve found room & board costs can be cut depending on where you live. Now that D is off-campus it’s way cheaper than dorm).</p>
<p>There are some cheaper OOS options for sure, just not many that are flagships.</p>
<p>My D was accepted by Jacobs and Eastman school of music and after reviewing the scholarship offers of both, the amount left for us to come up with is enormous.</p>
<p>Do you qualify for the automatic scholarships?</p>
<p>Does anyone know if IU financial aid is willing to work with potential students? I got direct admit to the journalism school and a ton of wonderful opportunities from IU including media scholars and hutton honors. I also got the $11,000 for OOS students merit aid. But this just isn’t enough. I’ve heard stories of kids at other schools talking to financial aid offices and being able to get more out of them/work out something. Does anyone know if this is even remotely possible at IU?</p>
<p>IU, along with most state universities does not guarantee to meet 100% of need, and falls way short in doing so, even for in state kids. Getting full need met from an OOS State school without some specific program that is specifically in place to do so, is nearly impossible.</p>
<p>IU is becoming increasingly popular among those students from full pay families who are happy with the savings from what they would be paying at a private school. I know a number of such families here in my area who are exulting over the prices of UMich (which is way up there), UVA (not far from UMic), PSU, UMd, UC-CH, U Del to justt name a few, and IU is in the that category as well. </p>
<p>Those who have a low EFC, hopefully, you (or your child) applied to some instate schools and hopefully you have some commuter options as well. Those with the stats and stuff to get into UI with some merit money are certainly good candidates for some scholarships in state. I’m in a state where the schools have little name recognition OOS, but the price is right and we do have State aid programs for families making under $80K. </p>
<p>There was a time when some of the state schools would give full rides to OOS as well as in state kids who were top performers test and grades wise, but the list has truly dwindled. Sad.</p>
<p>IU has about 40% of its student body from out of state students so they don’t necessarily cater to the needs of Indiana students either. They don’t meet 100%need and they don’t really have to.</p>
<p>We can’t afford our dd’s number one choice and i know it’s disappointing. Hope you find an alternative option that works for you.</p>
<p>Sent from my DROID RAZR using CC</p>