Scholarships, Grants, and Loan Trends at IU

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 22,378, which is 63.56 % of all undergraduate students. 10,781 students which is 30.44% of undergraduate students received federal student loans and the average loan amount is $6,323.
For full-time, first-time beginning students (freshmen), 64.00% of students received grants or scholarships and 36% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Indiana University-Bloomington since 2013.
For that period, the average number of students who received grants aid/scholarships is 22,378, which is 63.56 % of all undergraduate students. 10,781 students which is 30.44% of undergraduate students received federal student loans and the average loan amount is $6,323.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1421,143 (57%)$8,8346,058 (16%)$4,41611,733 (32%)$6,742
2014-1521,498 (59%)$9,1385,840 (16%)$4,48311,660 (32%)$6,657
2015-1622,480 (59%)$9,2055,882 (15%)$4,48611,781 (31%)$6,568
2016-1723,825 (61%)$9,2895,940 (15%)$4,54211,490 (29%)$6,593
2017-1821,347 (64%)$10,9606,194 (19%)$4,65511,016 (33%)$6,344
2018-1921,289 (64%)$11,5416,261 (19%)$4,70410,478 (31%)$6,034
2019-2023,577 (71%)$10,7805,980 (18%)$4,70010,025 (30%)$5,962
2020-2121,589 (65%)$11,5965,946 (18%)$4,7819,194 (28%)$6,039
2021-2224,658 (72%)$11,4515,978 (17%)$4,8389,650 (28%)$5,965
Average22,378 (63.56%)$10,3106,009 (17.00%)$4,62310,781 (30.44%)$6,323

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 5,179 (64.00 % of students) received grants or scholarships and its average amount is $11,266. It can cover 27.83% of tuition & fees ($40,482) based on out-of-state rate.
In addition, 2,868 (35.78 % of students) students get helped from the students loans (average amount : $8,228).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,936 (52%)$11,8192,732 (36%)$7,757
2014-154,159 (54%)$10,7973,021 (39%)$7,842
2015-164,751 (61%)$11,3393,002 (38%)$7,595
2016-174,723 (62%)$11,6472,872 (38%)$7,833
2017-185,003 (63%)$11,6402,794 (35%)$7,832
2018-195,990 (74%)$10,9942,813 (35%)$7,909
2019-205,718 (69%)$11,2132,871 (35%)$8,759
2020-215,317 (67%)$11,6082,504 (32%)$8,772
2021-227,012 (74%)$10,3363,202 (34%)$9,757
Average5,179 (64.00%)$11,2662,868 (35.78%)$8,228
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,511 (18.89 % of students) received Pell (federal) grants and its average amount is $4,680.
In addition, 1,439 students received State/local government grants/scholarships (17.89 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,406 (19%)$4,444539 (7%)$7211,243 (16%)$6,7633,458 (46%)$9,103
2014-151,416 (18%)$4,547601 (8%)$9011,239 (16%)$7,4103,691 (48%)$7,787
2015-161,473 (19%)$4,526586 (7%)$8511,444 (18%)$8,1654,353 (55%)$8,021
2016-171,434 (19%)$4,528536 (7%)$8751,348 (18%)$7,9094,450 (58%)$8,401
2017-181,492 (19%)$4,683602 (8%)$6611,449 (18%)$8,0714,675 (59%)$8,375
2018-191,605 (20%)$4,800675 (8%)$7021,452 (18%)$8,0105,715 (71%)$8,057
2019-201,533 (19%)$4,8111,955 (24%)$1,3621,534 (19%)$7,6845,044 (61%)$8,384
2020-211,527 (19%)$4,8561,849 (23%)$8381,556 (20%)$7,5314,855 (61%)$8,452
2021-221,713 (18%)$4,9263,390 (36%)$2,4671,689 (18%)$7,1076,034 (64%)$7,238
Average1,511 (18.89%)$4,6801,193 (14.22%)$1,0421,439 (17.89%)$7,6284,697 (58.11%)$8,202
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 10 years, on average, 2,868 (35.78 % of students) get any students loan help and its average loan amount is $2,868.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,732 (36%)$7,7572,686 (35%)$5,325408 (5%)$16,883
2014-153,021 (39%)$7,8422,968 (39%)$5,213493 (6%)$16,667
2015-163,002 (38%)$7,5952,955 (38%)$5,137457 (6%)$16,677
2016-172,872 (38%)$7,8332,804 (37%)$5,270441 (6%)$17,508
2017-182,794 (35%)$7,8322,713 (34%)$5,124448 (6%)$17,811
2018-192,813 (35%)$7,9092,730 (34%)$5,054492 (6%)$17,176
2019-202,871 (35%)$8,7592,781 (34%)$5,033601 (7%)$18,554
2020-212,504 (32%)$8,7722,386 (30%)$5,040514 (7%)$19,336
2021-223,202 (34%)$9,7573,041 (32%)$5,105745 (8%)$21,097
Average2,868 (35.78%)$8,2282,785 (34.78%)$5,145511 (6.33%)$17,968
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