FAQs
Federal regulations require IUPUI to establish and apply reasonable standards of Satisfactory Academic Progress for the purpose of receiving financial assistance. Therefore, to receive financial aid, a student must maintain a minimum grade point average of 2.0 overall.
What percentage of students receive financial aid at IUPUI? ›
With more than 80% of our degree-seeking undergraduates receiving financial aid, our commitment is clear: we provide you with an affordable college experience. We strive to keep tuition low, offer substantial aid, and provide programs that minimize your debt.
How do I maximize my FAFSA money? ›
Basic Principles
- Reducing income during the base years.
- Reducing “included” assets. ...
- Increasing the number of family members enrolled in college and pursuing a degree or certificate at the same time.
You can file your FAFSA using our school code, which is 001813. Around mid April: Indiana University will begin to receive FAFSA data from the Federal government.
What is minimum GPA for financial aid? ›
To be eligible for federal student aid and college financial aid, a student must be making Satisfactory Academic Progress (SAP). This generally consists of maintaining at least a 2.0 GPA on a 4.0 scale (i.e., at least a C average) and passing enough classes with progress toward a degree.
How do you get accepted for financial aid? ›
Basic Eligibility Criteria
- demonstrate financial need for need-based federal student aid programs;
- be a U.S. citizen or an eligible noncitizen;
- have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
Both students and their parents often think their household income makes them ineligible for financial aid. However, there's no income limit for the FAFSA, and the U.S. Department of Education does not have an income cap for federal financial aid.
Why is my FAFSA money so low? ›
Request a Reevaluation of Your Circ*mstances
Sometimes a family's finances are not accurately reflected on the FAFSA® form because of changes that have occurred, such as job loss/reduction, divorce or separation, or other special circ*mstances.
How much money will FAFSA give me? ›
The amount of money you can get by filing the Free Application for Federal Student Aid (FAFSA) depends on your financial need. But, the maximum amount can be in the low tens of thousands of dollars per year. Average amounts are about $9,000, with less than half of that in the form of grants.
What is an unsubsidized loan? ›
Unsubsidized loans from the federal government do not have interest paid by the government while the student is in school, in deferment, or during the grace period. This means that interest accumulates from the loan's inception and adds to the principal amount (the amount you borrowed).
Reach out to your school's financial aid office to see if the school participates in the federal student aid programs. Or use the Federal School Code Search to check. Unique Federal School Codes are assigned by the U.S. Department of Education for all participating schools.
Do you need to do a FAFSA every year? ›
The FAFSA form applies to a single academic year. That means you need to submit a FAFSA form each year—and make sure you meet the FAFSA deadlines for state and school aid to maximize the amount and types of aid you could receive.
What makes you qualified for financial aid? ›
Eligibility Requirements. Our general eligibility requirements include that you have financial need for need-based aid, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at an eligible college or career/trade school.
How is financial aid eligibility determined? ›
The financial aid office at the college or career school you will attend will determine how much financial aid you're eligible to receive. Your eligibility depends on your Expected Family Contribution, year in school, enrollment status, and the cost of attendance at the school you'll be attending.
What are the eight eligibility requirements to receive financial aid? ›
- Be working toward a degree/certificate.
- Be a US Citizen or eligible non-citizen.
- Have a valid social security number.
- Maintain Satisfactory Academic Progress.
- Have no defaulted loans or owe a grant repayment.
- Not participate in the sale or possession of drugs while receiving Federal student aid.
Eligibility requirements include:
Must have graduated from a Washington high school or obtained a GED® (or will do so before beginning college) Must have lived in Washington for three years prior to, and continuously since, earning a high school diploma or equivalent.
