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Interpreting the IUPUI Financial Aid Notification (FAN)




The Financial Aid Notification (FAN) lists your estimated costs and estimated financial aid eligibility for one academic year. Your 2018-2019 FAN will cover the fall 2018 and spring 2019 semesters. The FAN is not a bill or a statement of your student account. Instead, it shows your estimated eligibility for federal, state, and institutional financial aid awards. Click here to see a sample FAN.

For help understanding the FAN process and the information presented on your personal FAN, please feel free to review the frequently asked questions listed below.

Still have questions? You can reach our office for additional assistance at finaid@iupui.edu or (317) 274-4162.



When will I receive my FAN?

• New, incoming students who have completed their FAFSA will receive a paper FAN via U.S. mail starting in mid-December for the upcoming 2018-2019 academic year. New, incoming students who apply for financial aid after the start of classes will be able to access their FAN online through One.IU in lieu of being sent a paper FAN. Students will receive an email notification when an updated FAN is available online.

• Continuing students will be able to access their FAN online through One.IU in lieu of being sent a paper FAN. Students will receive an email notification when an updated FAN is available online. FANs for continuing students will be available in mid-June.

NOTE: Every time aid is adjusted (increased, decreased, or cancelled) you will receive an email sent to your university email address advising you to log into One.IU to review any changes. New students may only receive one paper FAN via U.S. postal mail. Any subsequent changes – for both new and continuing students – will only be viewable through your One.IU account.


Is this the amount of money that I am guaranteed to receive? Can I assume that I WILL be receiving the entire award amounts listed on my FAN?

All financial aid is initially ESTIMATED because final award amounts are dependent upon meeting eligibility criteria. Key factors that impact final aid amounts include enrollment level, degree program, number of credit hours completed, official expected family contribution (EFC), and Cost of Attendance (COA). Estimated awards are based on the information we have available at that particular time, but funds are not guaranteed until all eligibility criteria are reviewed. Awards are also contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition. Awards are subject to change and may be rescinded or reduced if funding is insufficient, discontinued or if tuition amounts change.



Why do some awards say “estimated”?

Some awards are estimated because the actual amount that will be given to you is dependent upon meeting additional eligibility factors. For example, several awards are based upon the total number of credit hours you are taking throughout the semester. Until final enrollment is set, the amount of the award is estimated. Visit this page to learn more about how your enrollment level can impact your award amounts.

Other awards are estimated because final funding levels may not have been set by the funding agency at the time you receive the FAN. For example, State of Indiana awards may be listed as estimated until final funding levels are determined. For information on estimated Frank O'Bannon and 21st Century Scholars Awards, please visit the Indiana Commission for Higher Education. Awards are contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition. Awards are subject to change and may be rescinded or reduced if funding is insufficient, discontinued or if tuition amounts change.


How do I accept reduce or decline an award? Can I change any of my award amounts?

You do not need to accept any “free money” or “gift aid" such as grants or scholarships. Also, we will always award the “best” aid (i.e., grants and scholarships) to you first before awarding any Federal Student Loans.

You must accept your Federal Work-Study award through your One.IU Student Center to avoid cancellation. If you were not awarded Federal Work-Study and are interested in receiving this type of aid, please contact us at finaid@iupui.edu.

You must either accept, reduce, or decline your Federal Direct Loan(s) that appear on your FAN through your One.IU Student Center. If no action is taken, the Federal Direct Loans will not disburse. Please follow our online tutorial on How to Accept or Decline Loans. Note: you must also complete your Federal Entrance Counseling Session and a Master Promissory Note (MPN) at studentloans.gov in order for your loan funds to disburse.


In most circumstances, you can request that certain award amounts, such as your Federal Direct Loans and Federal Work-Study be changed. If you are interested in changing your award amounts, please contact us at finaid@iupui.edu.


Note: Just "holding" your refund check from the Office of the Bursar is not a request to cancel your loan. If you receive a refund check and wish to cancel part or all of the loan you must fill out a Loan Cancellation/Reduction Request Form


If my award amounts change, will I receive another FAN?

Every time aid is adjusted (increased, decreased, or cancelled) you will receive an email at your university email address advising you to log into One.IU to review any changes. Be sure to check your university email account regularly.


Can I access my award information online?

Yes. The award types, award amounts, and the ability to accept, decline or reduce an award are available online via One.IU.


When does this money pay for my tuition and fees?

All state and federal financial aid is sent directly to the school to apply to the cost of tuition and fees. Excess aid received may be refunded to you to cover other COA items (e.g., books, supplies, etc.).

If there are no outstanding issues on your financial aid account (e.g., To Do List items in your One.IU Student Center, missing documentation, etc.), aid disburses (i.e., is applied to your bill) as follows:

    • Federal financial aid: typically disburses 10 days prior to the start of your first class
    • State financial aid: typically disburses 6 weeks prior to the start of the semester
    • Private loans: typically disburse 30 days prior to the start of the semester (assuming your
     private loan application has already been submitted and approved)


What if I need additional financial aid to cover the cost of school?

If you are interested in receiving additional financial aid you should contact the Office of Student Financial Services to talk with a financial aid advisor about what options may be available. Additional options may include Federal Direct PLUS Loans or private educational loans.


What is the Financial Success Planning Guide?

This pamphlet serves as an introduction to financial aid and Financial Success Planning at IUPUI. This resource includes information about responsible saving and spending, scholarship opportunities, employment options, and borrowing strategies. A printed copy will be mailed to incoming freshmen along with their FAN. An electronic copy of this pamphlet can be viewed and downloaded here.


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