Financial Aid

Get help paying for your IU Bloomington education

You’ll probably pay for college with the help of financial aid. There are many types of aid—scholarships, of course, but also grants, loans, work-study, and more. The types and amounts you receive will depend on many factors, including your academic merit and your financial need.

Whatever your circumstances, you need to understand financial aid so you’ll have realistic expectations for what you’ll receive. It’ll also help you minimize your post-college debt.

Financial Aid Tips

Take the next step in your IU journey and apply for financial aid by March 10. Before you complete your FAFSA, check out our Financial Aid Tips Video to get important information on how to manage the financial aid process.

Description of the following video:

[video description: The IU logo appears on the middle of the screen.]

[video: “ FAFSA Tips”]

[video: Girl standing in front of camera in a hallway.]

Sophie: Hey everyone! My name is Sophie and I am a current student at Indiana University. I remember what it was like when I was applying for and getting ready for college. One part of the enrollment process that you will want to be on top of is applying for financial aid. That’s why I’m here to provide you with some important tips and info to help you manage the financial aid process!

[video:  “Visit the Student Central Website” “studentcentral.indiana.edu/”]

Sophie: The Indiana University Student Central website should be your first stop when you need information about applying for and managing financial aid, so head over to studentcentral.indiana.edu. The “Paying for College” tab is a great resource for basic information about types of financial aid, how to apply, and even how to pay your bill when you’re a student.

[video: “Apply as soon as you can”]

Sophie: Be sure to apply for financial aid as soon as you can. The Free Application for Federal Student Aid, or FAFSA, is available beginning Oct. 1 each year, and IU Bloomington’s priority deadline is March 10. As a college student, you’ll need to complete the FAFSA prior to the start of each academic year in order to be considered for aid.

[video: “Create an FSA I.D.”]

Sophie: To electronically sign your FAFSA, both you and your parents will need your FSA I.D.’s and passwords. If you do not have a FSA I.D. be sure to sign up for one by clicking “create a FSA I.D.” on the FAFSA website.

[video: “Make sure you have all of the necessary info”]

Sophie: In order to apply for the FAFSA, both you and your parents will need the FSA I.D. I just mentioned, your Social Security Numbers, Federal Income Tax Returns, bank statements, and brokerage statements (if applicable) before you get started.

[video: “Have your parent with you”]

Sophie: You definitely want to talk with your family about paying for college, and, if possible, have them with you when you complete your FAFSA. There is a parent demographic section that you may need their help with. It will also ask for financial information that you may not know off hand.

[video: “Know the IU Bloomington School Code”]

Sophie: In order to ensure that IU Bloomington receives your information, make sure you supply our federal school code, which is 001809.

[video: “Double check to ensure all of your information is accurate”]

Sophie: Make sure that you fill out the FAFSA correctly! When providing your name, Social Security number, and date of birth, make sure that they match Social Security Administration records. Using a nickname or giving inaccurate information may result in significant delays. You will see a summary of your information at the end of your FAFSA, so check this carefully to see if any sections need special attention. Make sure you review all the fields for any typos or misspellings.

[video: Prepare for the next steps”]

Sophie: After you review and file your FAFSA, if you are eligible, you should expect to receive an award notification in late February or March.  We will notify you if we need any additional information so be sure to keep an eye on your email and your One.IU to-do list.

[video: “Thank you for watching!”]

Sophie: We hope this video helps you feel more knowledgeable about the financial aid process. Remember, if you have any questions, you can contact the Federal Student Aid Information Center at 1(800) 4 FEDAID or Indiana University’s Student Central.

Thanks for watching and we hope to see you on campus soon.

[video: “Indiana University” with “admissions.indiana.edu” beneath it, appears on the screen]

[video: fade to black]

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