Kelley Direct Financial Aid Home
Welcome to IU BLoomington Kelley Direct
On this page, you will find important financial aid information that is specific to students participating in the Kelley Direct programs. Use the links to the left side to learn about eligibility and applying for financial aid as well as types of aid and a general timeline of important financial aid dates.
We understand that your needs as a distance education student are unique so we have created an email address specifically for Kelley Direct students. Please contact us at kdfinaid@indiana.edu with questions about your financial aid account. Be sure to include your 10-digit University ID Number when corresponding with our office.
Financial Aid: Applying & Eligibility
Financial Aid: Applying & Eligibility
Kelley Direct students interested in receiving federal financial aid in the form of student loans must complete the FAFSA (Free Application for Federal Student Aid). The IU Bloomington school code is 001809. Students are encouraged to complete the FAFSA by March 1st of each year to be considered for the maximum financial aid eligibility.
In order to be eligible for student loans at IU Bloomington, a Kelley Direct student must:
- Have a high school diploma or GED;
- Be a US citizen or eligible noncitizen;
- Have a valid Social Security Number;
- Register with Selective Service, if required;
- Not be in default or owe an overpayment on previous federal aid or have borrowed over student loan limits;
- Not have had federal aid suspended due to a drug conviction;
- Be admitted to an IU Bloomington degree program;
- Maintain satisfactory academic progress (SAP)as defined by the Kelley Direct program; and
- Be working at least half-time towards a degree
- Kelley Direct students must be enrolled in at least 3 credit hours per term to qualify as half-time.
- Kelley Direct Thunderbird students must be enrolled in at least 4 credit hours per term to qualify as half-time
Important Dates
Important Dates
Fall Semester Admits
January 1, 2009
- The Free Application for Federal Student Aid (FAFSA) becomes available at www.fafsa.ed.gov. The IU Bloomington priority filing date is March 1, 2009. The FAFSA should be filed by this date to ensure that you are considered an on-time applicant. Because of limited funding some aid sources will not be available if the FAFSA is not on-time. Use estimated information if you have not yet filed your taxes.
Mid July 2009
- Report any outside aid you expect to receive to our office using the Reporting Other Awards form.
- Financial Aid Awarded; you will receive an email once you have been awarded. Check your awards through your Self-Service tab on OneStart. Make sure your Award Summary lists all outside awards you expect to receive. You may also reduce or cancel awards via OneStart.
Late July 2009
- New Federal Direct Stafford Loan and Federal Direct Graduate PLUS Loan borrowers will receive an email with instructions on how to complete the online Master Promissory Note.
- New Federal Direct Stafford Loan and Federal Direct Graduate PLUS Loan borrowers will receive an email with instructions on how to complete online Entrance Counseling.
August/September 2009
- Bursar bill for fall tuition and fees is due. Visit our Consumer Information section for information about Paying IU Charges with Federal Aid.
Spring Semester Admits
January 1, 2009
- The Free Application for Federal Student Aid (FAFSA) becomes available at www.fafsa.ed.gov. The IU Bloomington priority filing date is March 1, 2009. The FAFSA should be filed by this date to ensure that you are considered an on-time applicant. Because of limited funding some aid sources will not be available if the FAFSA is not on-time. Use estimated information if you have not yet filed your taxes.
Late September 2009
- Report any outside aid you expect to receive to our office using the Reporting Other Awards form.
- Financial Aid Awarding will take place. You will receive an email once you have been awarded. Check your awards through your Self-Service tab on OneStart. Make sure your Award Summary lists all outside awards you expect to receive. You may also reduce or cancel awards via OneStart.
Mid October 2009
- New Federal Direct Stafford Loan and Federal Direct Graduate PLUS Loan borrowers will receive an email with instructions on how to complete the online Master Promissory Note.
- New Federal Direct Stafford Loan and Federal Direct Graduate PLUS Loan borrowers will receive an email with instructions on how to complete online Entrance Counseling.
December 2009
- Bursar bill for fall tuition and fees is due prior to the start of classes. Visit our Consumer Information section for information about Paying IU Charges with Federal Aid.
Cost of Attendance
Cost of Attendance
Our office estimates a standard Cost of Attendance (or budget) for all Kelley Direct students based on the average enrollment for in the Kelley Direct program. The Budget represents the maximum amount of aid students can receive in an academic period.
| Fall Term | Winter Term | Spring Term | Total | |
|---|---|---|---|---|
| Tuition | $4,975 | $4,975 | $4,975 | $14,925 |
| Kelley Direct Program Fee | 300 | 300 | 300 | 900 |
| Books & Supplies | 200 | 200 | 200 | 600 |
| Housing | 3,768 | 3,768 | 3,768 | 11,304 |
| Transportation | 665 | 665 | 665 | 1,995 |
| Personal | 1,434 | 1,434 | 1,434 | 4,302 |
| Budget | $11,342 | $11,342 | $11,342 | $34,026 |
| Fall Term | Spring Term | Total | |
|---|---|---|---|
| Tuition | $11,175 | $11,175 | $22,350 |
| Books & Supplies | 400 | 400 | 800 |
| Housing | 5,652 | 5,652 | 11,304 |
| Transportation | 998 | 998 | 1,996 |
| Personal | 2,152 | 2,152 | 4,304 |
| Budget | $20,377 | $20,377 | $40,754 |
Amounts based on information from the Kelley School of Business.
Please note: The Office of Student Financial Assistance will provide cost of attendance and financial aid information for Summer 2010 beginning in March 2010.
Federal Loans
Federal Loans
As a Kelley Direct student you may be eligible to participate in the following loan programs:
- Federal Direct Stafford Subsidized Loan
- The Federal Direct Stafford Subsidized Loan is a need-based loan, on which the government pays the interest while the student is enrolled at least half time.
- Federal Direct Stafford Unsubsidized Loan
- The Federal Direct Stafford Unsubsidized Loan is a non-need-based loan, on which interest begins accruing immediately upon the loan’s first disbursement.
- Federal Direct Graduate PLUS Loan
- The Federal Graduate PLUS Loan program allows a graduate or professional student to borrow a PLUS Loan on their own behalf. The Federal Graduate PLUS Loan requires a special application and requires credit approval.
Private Loans
Private Loans
Private student loans are offered by private lending institutions as an alternative aid option if additional funding is necessary to supplement a student's other financial aid resources. Private loans are borrowed by students in their own name; because private loans are subject to credit approval, however, a co-borrower may be required.
- A private loan's interest rate is dependent upon the credit rating of the borrower, and if applicable, the credit rating of the co-borrower.
- A private loan is unsubsidized, meaning that interest begins accruing immediately upon the loan's first disbursement.
- To be eligible, the borrower must::
- be enrolled at least halftime
- meet lender-specified credit requirements, and
- meet school-specified eligibility requirements (including satisfactory academic progress).
- Check with your lender about fees, grace periods, deferment options, and repayment options.
- A private loan may be processed without a Free Application for Federal Student Aid (FAFSA) on file, if the student never plans to file. If, however, a student files a FAFSA (or indicates he/she plans to file), we will wait to certify the private loan until the student's federal financial aid eligibility is reviewed.
- A private loan may be processed for up to the amount of the Cost of Attendance, minus any aid the student is receiving.
An available resource to help in the selection of lenders is the Private Student Loan Comparison Chart offered by www.FinAid.org.
Loan Deferment
Loan Deferment
If you are in repayment of loans from a previous degree you may be eligible for loan deferment if you are enrolled at least half time. The Office of the Registrar has additional information about enrollment certification for loan deferment purposes. Contact your lender to discuss deferment options.
Loan Consolidation
Loan Consolidation
Upon completing your Kelley Direct program you may be eligible to consolidate multiple federal student loans into a single loan with one monthly payment. Visit our Consolidation FAQ’s for more information.
Corporate Sponsorship/Reporting Other Aid
Corporate Sponsorship/Reporting Other Aid
Report any outside aid you expect to receive by using the Reporting Other Awards form.
If you will receive funding from your employer or another source, please report the type of award and amount if the award is not already listed on your Financial Aid Award Summary. In order to provide you with the most accurate financial aid information, we ask that you report the receipt of corporate sponsorships or other aid as soon as possible.
The receipt of corporate sponsorship or other awards may result in the reduction or repayment of loans previously awarded by Indiana University.
Please refer to http://onestart.iu.edu and click on the Financial Aid Office link if you have questions about financial aid. Allow up to three business days for adjustments to appear in OneStart.
OneStart
OneStart
Indiana University’s OneStart web portal presents a single front door to online services for the IU community. Beginning in early June, Kelley Direct students can view and manage their financial aid information through OneStart.
OneStart is located at https://onestart.iu.edu/
You can familiarize yourself with the features available on OneStart by viewing the OneStart tutorial: http://docs.onestart.iu.edu/dav/MY/my/htdocs/tutorial/tut3.html
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