Get started by filling out the FAFSA
The first thing you need to do to get financial aid is fill out the Free Application for Federal Student Aid (FAFSA) form, which will determine your eligibility for loans, grants, work-study, and some scholarships. You can complete the form online in about 30 minutes.
IU will use your FAFSA to create a “financial aid statement” that details the types and amounts of financial aid you qualify for. If you’re applying to IU, you’ll receive this statement after you’re admitted.
Review our guide to filling out your FAFSA
Types of financial aid
Financial aid can come in many forms, each with its own advantages. Here are some of the most common ways you’ll see financial aid offered.
You may qualify for scholarships based on things like academic achievement, athletic abilities, financial need, and more. Scholarships do not have to be paid back.
Your financial aid statement may include grants, which are based on financial need and do not have to be paid back.
Loans allow you to borrow money from the U.S. government or private lenders. Loans do have to be paid back, usually after you graduate.
Work-study jobs are part-time jobs available on and off campus. The U.S. government pays part of your wages, and how much you earn depends on how many hours you work and your hourly pay rate.