College Factual  by our College Data Analytics Team
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Can You Afford Indiana University - Bloomington?

Concerned about paying for college? Take a look at IU Bloomington’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $6,458 & $52,566

Worried about paying the full cost of $52,566 to attend Indiana University - Bloomington? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Indiana, the university offers a discount of 70.2% off tuition and fees. Also, 74.3% of freshmen receive some form of financial aid, with the average amount totaling $10,994. Students from low-income families receive an average of $19,729 in aid during their first year.

Cost for Residents of Indiana (no aid)

Tuition and fees$11,221
+ Room and board$11,206
+ Other expenses$3,760
Total cost$26,187
Affordability Score (50 out of 100)
more expensive
less expensive

Net Price for Residents of Indiana (with average aid)

Total cost$26,187
- Grants and scholarships$10,994
Net price$15,193
Affordability Score (66 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Indiana

Total cost$26,187
- Grants and scholarships$19,729
Net price$6,458
Affordability Score (96 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$37,600
+ Room and board$11,206
+ Other expenses$3,760
Total cost$52,566
Affordability Score (15 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$52,566
- Grants and scholarships$10,994
Net price$41,572
Affordability Score (4 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$52,566
- Grants and scholarships$19,729
Net price$32,837
Affordability Score (8 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at IU Bloomington.

Projected Costs Between $35,019 and $307,216 For a Four Year Degree. Between $16,014 and $151,140 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Indiana University - Bloomington in 2020 - 2021 was $26,187. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 1.1% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $26,766 during their first year. By their senior year, that cost will be approximately $27,659, for a bachelor degree candidate ($27,061 for an associate degree candidate) for a total of $108,845 over the course of four years ($53,827 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $222,465 based on a yearly growth rate of 1.6%. The expected two-year cost is $109,445.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Indiana University - Bloomington

Cost With Interest for Residents of Indiana

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.6%1.1%
Freshman year$7,664$16,310$26,766
Senior year$8,349$16,899$27,061
Total 2-year net price$16,014$33,208$53,827
10-year loan interest @ 6.8%$6,101$12,651$20,506
Total monthly payment$184$382$619
Total amount paid$22,114$45,859$74,333
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.6%1.1%
Freshman year$7,664$16,310$26,766
Senior year$9,909$18,141$27,659
Total 4-year net price$35,019$68,857$108,845
10-year loan interest @ 6.8%$13,341$26,232$41,466
Total monthly payment$403$792$1,253
Total amount paid$48,360$95,090$150,311

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.3%1.6%
Freshman year$35,571$44,395$54,283
Senior year$37,022$45,878$55,162
Total 2-year net price$72,594$90,274$109,445
10-year loan interest @ 6.8%$27,655$34,391$41,695
Total monthly payment$835$1,039$1,259
Total amount paid$100,249$124,664$151,140
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.3%1.6%
Freshman year$35,571$44,395$54,283
Senior year$40,105$48,994$56,964
Total 4-year net price$151,232$186,678$222,465
10-year loan interest @ 6.8%$57,614$71,117$84,751
Total monthly payment$1,740$2,148$2,560
Total amount paid$208,845$257,796$307,216

Visit net price and financial aid to learn more about the total cost of attending Indiana University - Bloomington.

Further Questions to Consider

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