In 2021, tuition for full-time students at Indiana University Bloomington was $9,815 a year for in-state students and $36,194 a year for out-of-state students.
On average, college tuition rises about 3%ba year.
If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make the amount you do have to pay out of pocket more manageable until you're done with college.
Indiana University Bloomington is a public, state institution, so it offers a reduced tuition rate of $9,815 for in-state students who attend full-time.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency..
Choosing an insitution where you are eligible for the reduced tuition offered to state residentscan drastically reduce the overall cost of college. Take the time to confirm your state's requirements for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on the state you and your parents currently live in.
IU Bloomington has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or IU Bloomington-specific grants, scholarships, and other funding opportunities.. International students with need may be eligible for the following types of financial support at IU Bloomington:
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college;there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at IU Bloomington.
Housing and campus dining at IU Bloomington is $11,206 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the IU Bloomington's on-campus cafeterias and dining halls.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. . The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more. Students who attend IU Bloomington full time pay $1,406 in fees each academic year.
Keep in mind, there could also be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have ways for students with financial need to find ways to lower or eliminate these fees.
The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school?. Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city might be costly, but there may be more trains, busses and affordable flights to actually get to school. The Indiana University Bloomington campus is in a small town setting in Indiana, not far from Indianapolis.
When creating a budget for college, don’t forget to consider the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for IU Bloomington.
|2021 Total Tuition and Expenses|
|Room and Board||$11,206|
|Total Estimated Costs|
Tuition and fees may vary depending on program, course level, location, and more.
IU Bloomington’s tuition and fees change based on: Academic program for both full and part-time students Course load for part-time students
In 2021, 12,203 of the 32,986 undergrads enrolled received financial aid. IU Bloomington meets 70% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $14,639 a year. Around 43% of IU Bloomington undergrads take out student loans to cover any remaining costs. IU Bloomington graduates who have student loans graduate with an average of $27,815 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|IU Bloomington-Specific Loans||$4,258|
|Most Common Loans for IU Bloomington Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on IU Bloomington financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2021, IU Bloomington awarded 10,360 need-based scholarships to students, giving away total of $132.3 million to help students with financial need cover the cost of school. An additional $93.87 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for IU Bloomington students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at IU Bloomington was $14,639 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of IU Bloomington seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending IU Bloomington really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the IU Bloomington's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
IU Bloomington does not have guaranteed tuition.
A Prepaid Tuition Plan is not available for IU Bloomington students.
IU Bloomington offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
IU Bloomington has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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