Office of Student Financial Assistance

Indiana University | Bloomington

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aid at a glance

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This chart is designed to provide a quick, comparative overview of many types of aid our office processes. Information about institutional scholarships is not included below and can be found under “Scholarships.” The lists of requirements provided below are not exhaustive; more detailed, comprehensive information about each award can be accessed by clicking the award name.

IU Bloomington Grants
Award Name Eligibility Award Amount (2009-2010)
21st Century Scholars Covenant
  • 21st Century Scholar recipient
  • Undergraduates who began at IU Bloomington as first time freshmen beginning 2007-2008
  • Full-time enrollment towards Bachelor's
 Up to difference between COA, EFC, and gift aid already awarded
Pell Promise Award
  • Pell recipient
  • Freshmen: Min 1150 SAT (26 ACT)
  • Cumulative 3.0 GPA
  • FAFSA on file by March 1
  • Full-time enrollment Indiana resident
 Up to difference between tuition and mandatory fees and gift-aid already awarded.
Federal Grants
Award Name Eligibility Award Amount (2009-2010)
Federal Pell Grant
  • Low EFC
  • FAFSA on file
  • At least 1 credit hour of enrollment
  • Undergraduate
 $304-$5350
Dependent on EFC and enrollment
Federal Supplemental EducationaL Opportunity Grant (SEOG)
  • Pell recipient
  • EFC = 0
  • FAFSA on file by March 1
  • At least half-time enrollment
  • Undergraduate
  • Awards are made until funding is exhausted
 $1000
Academic Competitiveness (AC) Grant
  • Pell recipient
  • 1st- or 2nd-year undergraduate
  • Rigorous high school curriculum
  • FAFSA on file
  • At least Half-time enrollment
 Up to $750 for 1st-year students
Up to $1300 for 2nd-year students
Amount dependent on enrollment
National Science and
Mathematics Access to
Retain Talent (SMART) Grant
  • Pell recipient
  • 3rd- or 4th-year undergraduate
  • Major in one of several specified fields (with 3.0 GPA in major)
  • FAFSA on file
  • At least Half-time enrollment
 Up to $4000 (for both 3rd- and 4th-year students)
Amount dependent on enrollment
State Grants
Award Name Eligibility Award Amount (2009-2010)
O’Bannon Grant/Higher Education Award
  • Low PC (or EFC, if independent)
  • Indiana resident
  • FAFSA on file by March 10
  • Full-time enrollment by SSACI census date
  • Undergraduate
 $400-$4206
Tuition and fees
21st Century Scholars Program
  • Initially qualify in 7th/8th grade
  • Indiana resident
  • FAFSA on file by March 10
  • Full-time enrollment by SSACI census date
  • Undergraduate
 Tuition and fees
Child of Certain Veterans and Public Safety Officers Supplemental Grant Program (CVO)
  • CVO application certified by IN Dept. of Veterans Affairs and submitted to OSFA
  • Paying IN resident fees to IUB
  • FAFSA on file
  • At least 1 credit hour of enrollment
  • Undergraduate or graduate/professional
 Tuition and fees
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Loans
Award Name Eligibility Award Amount (2009-2010)
Federal Stafford Loan
(6.62% interest rate for variable-rate loans; 6.8% interest rate for fixed-rate loans)
  • FAFSA on file
  • At least half-time enrollment
  • Undergraduate or graduate/professional
 Dependent on class level and limited by annual and federal aggregates
Federal Perkins Loan
(5% fixed interest rate)
  • Need of at least $12,500
  • Answer "yes" to FAFSA loan question
  • FAFSA on file by March 1
  • At least half-time enrollment
  • If returning student, must be previous borrower
  • Undergraduate or graduate/professional
  • Awards are made until funding is exhausted
$1000
Federal Parent PLUS Loan
(8.02% interest rate for variable-rate loans; 7.9% interest rate for fixed-rate loans)
  • Parent of dependent, undergraduate student
  • Federal Parent PLUS Loan application, subject to credit approval
  • Student enrolled at least half time
 Up to difference between COA and aid already awarded
Federal Graduate PLUS Loan
(7.9% fixed interest rate)
  • Graduate/professional student
  • Federal Graduate PLUS Loan application, subject to credit approval
  • FAFSA on file
  • At least half-time enrollment
 Up to difference between COA and aid already awarded

Private Student Loan

(Interest rate dependent on credit rating of borrower and, if applicable, co-borrower)
  • Private student loan application, subject to credit approval
  • Co-borrower may be necessary
  • At least half-time enrollment
 Up to difference between COA and aid already awarded
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Work-Study
Award Name Eligibility Award Amount (2009-2010)

Federal Work-Study
(for undergraduate students)
  • Incoming freshmen
    • Need of at least $12,500
    • Must accept award
  • Returning students
    • Enough unmet need to accommodate award
    • Must have previously used FWS award
  • Indicate interest in work-study on FAFSA question 31
  • FAFSA on file by March 1
  • At least half-time enrollment
 $1500
Federal Graduate Work-Study
  • Department notifies OSFA with intention to hire, usually in form of assistantship
  • Enough need to accommodate award
  • FAFSA on file
  • At least half-time enrollment
 Variable
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