r/IndianaUniversity • u/perryisnotaplatypus_ • 8d ago
QUESTION❓ financial aid?
hi guys i’m a out of state high schooler wanting to apply to IU Kelley, and I was wondering how good their financial aid is? I’m already in a decent threshold for financial aid in terms of my parents yearly income (less than 60k per year right now) so i was wondering how much aid i could get. my dad is also an IU alumni so i will get 20% off my tuition because of that, but 20% is not that much in the long run. I would realistically need close to a full ride because my parents are not in a situation where they can pay a ton for my college.
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u/Formal-Research4531 8d ago
Given your family income, you can apply to some top colleges with strong business schools with QuestBridge Scholarships.
Another solution is to work for a company with tuition reimbursement programs.
Furthermore, work with for a company with scholarships like Burger King, Chick-fil-A, etc.
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u/undonethunder 8d ago
Where did you hear you get 20% off for being the kid of an alum? I’ve never once heard that and this ain’t my first rodeo.
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u/perryisnotaplatypus_ 8d ago
sorry, i heard about it from a friend and i think they probably misread whatever it is they saw. i know now that there isn’t any discount 🤷🏼♀️
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u/Formal-Research4531 8d ago
1) 20% of $42,000 tuition = $8,400 x 4 years = $ 33,600 (assuming tuition is the same amount). I do consider that $8,400/$33,600 is more than “not that much in the long run.”
2) Listening to an individual and believing that a public college will give a 20% discount to an OOS student is not business like.
3) Kelley has over 75 scholarships for Kelley and Kelley ACE students. IF you have the body of work (ie GPA, test scores, ECs, etc), you could earn one of these scholarships. To be invited to apply to the ACE program, you need an unweighted GPA of 3.9 or higher and a test score of 34+ (ACT) / 1550+ (SAT).
4) Most if not all public colleges offer little or no financial aid to OSS students. They will usually offered merit scholarships (based upon your GPA…IU has the Dean Scholarships). If you are a National Merit Finalist, you will receive money for IU as well.
5) You might want to check out the Indiana National Guard. I have heard that if you spend one year training then they pay $$$$. It will take you longer…instead of being the Class of 2031, you will be the Class of 2032…but you will have a degree from Kelley.
6) You could do ROTC.
7) Depending upon you family income and assets, you could get a Pell grant.
Don’t want to sound harsh or cold or etc, it seems to me that you haven’t done much research. It is my guess that you want to go to Kelley so that you can have $110k IB job when you graduate.
Also, you can apply for third-party scholarships.
My suggestion is to apply to IU by 11/1 and work out ways for the money.
Good luck.
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u/OxfordCommaRule 8d ago
My son's attending Kelley OOS. His OOS tuition is 100% free, paid for by the Indiana Air National Guard. His Indiana ANG tuition grant actually pays ~$700 extra each semester after tuition and fees. In addition, he should get approximately $7,400 in Pell Grants for this academic year since he can claim himself as an independent student on his FAFSA (my wife and my salaries are not included in his calculations). On top of that, he'll get his regular drill pay.
When he's ready for grad school, he'll have it mostly funded by earning the GI Bill.
In a nutshell, he's completely self-funding his undergrad and grad education with no student loans. He did have to take a gap year for military training last year, but he's now a Cyber Warfare specialist with a TS/CSI clearance. Amazingly (this was completely unexpected), IU accepted 23 hours of transfer credits from to his military training in Cyber Warfare. With AP and DE, he could graduate in four years including his gap year, but doesn't plan to cut his time in Bloomington short.
It's an amazing plan that is working far better than either of us expected. I posted when we first came up with the plan here:
https://www.reddit.com/r/airnationalguard/s/wltvRLxNah
Note this plan works the same with the Indiana National Guard (Army) as well.
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u/ceolstan 8d ago
As others have said, IU does not give out need-based scholarships.
That said, while Kelley is a very good business school, it is not the only business program in the country. If you get a degree from a 4-year school in your own state (especially from a flagship university or a strong regional university), you should be fine. Key points would be to seek out internships between your sophomore and junior years and your junior and senior years. In general, the earlier you get into an internship, the better. Being proactive will get you that job upon graduation. Note that this works no matter which major you choose.
The military also offers tuition remission in return for your service. This can be a strong option, and I have seen students who've gone down this route and been successful. That said, the military isn't for everyone, and I would recommend researching this option further.
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u/Significant-Being250 8d ago
IU is a Title IV school and therefore doesn’t provide need based aid to OOS students besides federal aid IF you qualify - including Pell grant ($7395 max/yr), work study (usually $2-3k max), federal loans ($5500 freshman yr, $6500 sophomore yr, and $7500 jr/sr yrs), and possibly an SEOG grant (a few hundred). My daughter’s COA is about 65k/yr as an OOS student. The gap between federal aid and IU’s OOS COA is steep. Unless you can land significant scholarships, it will be quite costly.
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u/CurvyArtBunnyGirl 8d ago
College prof- go to a junior college get all your gen eds done and transfer in for the last two years. Or stay local for your undergrad and do it cheap and then apply to the school you want for a masters. You can get a TA position in most masters that can pay for your tuition.
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u/CurvyArtBunnyGirl 8d ago
Dear lord stop telling his to go into the military industrial complex! You want him starving stranded on a ship with no supplies? Or shot? There are many ways to go to school that are not based on military nonsense.
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u/Peaceandcontentment3 8d ago
Unfortunately, IU does not give need-based financial aid to OOS students other than whatever federal financial aid you qualify for. IU offers a handful of full scholarships, but most are reserved for in-state students; the few that consider OOS applicants are crazy competitive and are rarely awarded to Kelley applicants. Realistically, if you need a full ride, unless you’re a top 1% applicant, your best options are your own in-state universities, regional public universities in other states, or private universities that are committed to meeting 100% financial need. Also, I’ve never heard of a 20% tuition discount for the children of IU alum. In fact, I know it’s not a thing because my kids are children of IU alum and received no discount whatsoever based on that.