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.
Curious about the financial aid opportunities at IUP and what you may be eligible for? Explore the answers here.
Indiana University of Pennsylvania - Main Campus average financial aid offer for freshmen students is $7,540.00. 92% of reshman students get financial aid, most of which is in the form of loans
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
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 of Pennsylvania - Main Campus you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers pertain to assistance that is supplied by Indiana University of Pennsylvania - Main Campus.
33% of incoming freshmen (610 total) were given scholarships at Indiana University of Pennsylvania - Main Campus, averaging $3,902.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of freshman students (913 total) obtained federal grant aid, averaging $4,878.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.94% | $9,045.00 |
| Income 30k-48k | 10.25% | $9,439.00 |
| Income 48k-75k | 11.38% | $5,716.00 |
| Income 75k-110k | 7.62% | $2,445.00 |
| Income 110k + | 5.21% | $1,074.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
92% of the 1863 undergraduates at Indiana University of Pennsylvania - Main Campus receive some sort of grant aid. This is a total of about 1257 students getting an average of $7,540.00 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.