Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 13,822, which is 64.78 % of all undergraduate students. 9,590 students which is 44.44% of undergraduate students received federal student loans and the average loan amount is $6,741.

For full-time, first-time beginning students (freshmen), 73.33% of students received grants or scholarships and 46% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Indiana University-Indianapolis since 2013.

For that period, the average number of students who received grants aid/scholarships is 13,822, which is 64.78 % of all undergraduate students. 9,590 students which is 44.44% of undergraduate students received federal student loans and the average loan amount is $6,741.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1412,789 (57%)$7,9598,355 (37%)$4,29011,486 (51%)$7,374
2014-1513,182 (59%)$8,3398,381 (37%)$4,37011,236 (50%)$7,193
2015-1613,800 (63%)$8,6998,370 (38%)$4,37211,372 (52%)$7,026
2016-1713,911 (64%)$9,5177,913 (36%)$4,38110,662 (49%)$6,984
2017-1813,727 (64%)$10,5947,820 (36%)$4,5659,745 (45%)$6,880
2018-1913,685 (64%)$10,5837,714 (36%)$4,5779,085 (43%)$6,477
2019-2014,866 (70%)$10,4127,516 (35%)$4,4018,574 (40%)$6,219
2020-2114,523 (69%)$10,4767,267 (35%)$4,4917,413 (35%)$6,286
2021-2213,919 (73%)$11,4226,895 (36%)$4,5756,735 (35%)$6,228
Average13,822 (64.78%)$9,7787,803 (36.22%)$4,4479,590 (44.44%)$6,741
*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.

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

For the last 10 years, on average, 2,762 (73.33 % of students) received grants or scholarships and its average amount is $10,908. It can cover 32.35% of tuition & fees ($33,717) based on out-of-state rate.

In addition, 1,746 (46.33 % of students) students get helped from the students loans (average amount : $6,513).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,272 (65%)$9,1821,933 (55%)$6,433
2014-152,412 (64%)$9,9172,024 (54%)$6,459
2015-162,527 (68%)$10,2011,974 (53%)$6,530
2016-172,637 (69%)$11,3472,004 (52%)$6,814
2017-182,801 (71%)$12,2241,780 (45%)$6,443
2018-192,820 (71%)$11,8491,792 (45%)$6,504
2019-203,647 (87%)$10,3271,795 (43%)$6,726
2020-212,978 (82%)$10,9261,182 (33%)$6,290
2021-222,768 (83%)$12,2011,231 (37%)$6,420
Average2,762 (73.33%)$10,9081,746 (46.33%)$6,513
*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, 1,576 (41.89 % of students) received Pell (federal) grants and its average amount is $4,657.

In addition, 1,555 students received State/local government grants/scholarships (41.56 % 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
2013-141,494 (43%)$4,489641 (18%)$2121,360 (39%)$5,5431,429 (41%)$4,535
2014-151,601 (42%)$4,578626 (17%)$2171,466 (39%)$6,1191,673 (44%)$4,473
2015-161,545 (41%)$4,591619 (17%)$2201,512 (41%)$6,8552,028 (54%)$4,035
2016-171,568 (41%)$4,618612 (16%)$2271,600 (42%)$7,1292,171 (57%)$5,130
2017-181,631 (41%)$4,793755 (19%)$7051,697 (43%)$7,3112,514 (64%)$5,363
2018-191,658 (42%)$4,927735 (19%)$7651,644 (42%)$6,8272,573 (65%)$5,231
2019-201,741 (42%)$4,5082,756 (66%)$2,1661,713 (41%)$6,7533,204 (77%)$3,832
2020-211,478 (41%)$4,6631,636 (45%)$1,2791,540 (43%)$6,8682,727 (75%)$4,758
2021-221,471 (44%)$4,7421,794 (54%)$2,6761,465 (44%)$6,7132,450 (73%)$4,964
Average1,576 (41.89%)$4,6571,130 (30.11%)$9411,555 (41.56%)$6,6802,308 (61.11%)$4,702
*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, 1,746 (46.33 % of students) get any students loan help and its average loan amount is $1,746.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-141,933 (55%)$6,4331,918 (55%)$5,549169 (5%)$10,614
2014-152,024 (54%)$6,4592,000 (53%)$5,492210 (6%)$9,953
2015-161,974 (53%)$6,5301,939 (52%)$5,414237 (6%)$10,091
2016-172,004 (52%)$6,8141,970 (51%)$5,419273 (7%)$10,911
2017-181,780 (45%)$6,4431,745 (44%)$5,239231 (6%)$10,077
2018-191,792 (45%)$6,5041,744 (44%)$4,953276 (7%)$10,929
2019-201,795 (43%)$6,7261,713 (41%)$4,764337 (8%)$11,607
2020-211,182 (33%)$6,2901,119 (31%)$4,615215 (6%)$10,565
2021-221,231 (37%)$6,4201,185 (35%)$4,638195 (6%)$12,345
Average1,746 (46.33%)$6,5131,704 (45.11%)$5,120238 (6.33%)$10,788

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