by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Uncover the various financial aid options provided by IU Kokomo and determine which ones you may be eligible for by continuing your exploration.
Indiana University - Kokomo average financial aid offer for freshmen students is $6,776.00. 94% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Indiana University - Kokomo you may end up taking on.
As well as scholarships, 84% of first-year students (528 total) got a federal grant, for about $2,542.00 per person.
The following grants and scholarships consist of mostly federally provided grants, as well as some state and local grants.
84% of first years at Indiana University - Kokomo (528 total) obtained a federal grant, averaging $2,542.00.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.77% | $11,232.00 |
| Income 30k-48k | 8.47% | $9,863.00 |
| Income 48k-75k | 10.06% | $5,345.00 |
| Income 75k-110k | 7.19% | $2,231.00 |
| Income 110k + | 4.95% | $819.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
94% of the 626 undergraduates at Indiana University - Kokomo receive some sort of grant aid. This is a total of about 558 students getting an average of $6,776.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.