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Financial Aid for Graduate & Professional Students


As a graduate or professional student there are a number of different options to help fund your studies at IUPUI. We encourage students to consider all resources to help make their education as affordable as possible.

Professional Students

There are some professional programs which have unique financial aid options and requirements. Schools that have such programs are listed below. These links will take you directly to a financial aid webpage which is specifically catered to the students in these programs.

   •   IU McKinney School of Law

   •   IU School of Social Work MSW Direct program

   •   IU Graduate School of Nursing

   •   IU School of Dentistry

   •   IU School of Medicine

Fellowships & Scholarships

The IUPUI Graduate Office is a good source of information regarding scholarships and fellowships for graduate students. You can also inquire about program specific scholarships and fellowships by contacting your academic department. For additional scholarship information you can visit the IUPUI Office of Student Scholarships website.

Financial Aid Application Process

To apply for and receive federal financial aid, students should complete the steps below:

Note: The 2017-2018 FAFSA is available earlier for submission.

  1. Complete the Free Application for Federal Student Aid (FAFSA) online at fafsa.ed.gov. When completing the application, enter federal school code 001813 (Indiana University-Purdue University Indianapolis) when prompted. The FAFSA may be completed at any time during the year. However, students should submit the application by the IUPUI priority deadline of March 10 each year for maximum aid consideration.

    Note: Health profession students may need to include parental information on FASFSA to be considered for any institutional need-based aid opportunities.

  2. Monitor your university e-mail and One.iu.edu accounts on a regular basis for important information. All official IUPUI communication is conducted electronically.

  3. Review your Student Center on One.iu.edu to ensure all required steps are completed. Account holds and incomplete To-Do List items may prevent aid from disbursing.

  4. Enroll in at least 4 credit hours (half-time) and meet other eligibility requirements for financial aid. For a list of eligibility criteria, click here.

  5. Review and accept your federal financial aid awards on One.iu.edu. E-mail notification will be sent when a financial aid award is available. Students must log into One.iu.edu to accept their financial aid. Please feel free to view this online tutorial for more information about accepting financial aid.

  6. Complete your Federal Entrance Counseling Session and Master Promissory Note in order to receive Federal Direct Student Loans. These items can be completed online at studentloans.gov. When prompted, add IUPUI (sometimes listed as Indiana University Purdue University -Indianapolis or school code G01813) as your school choice.

  7. Complete an application and credit check for the Federal Direct Graduate PLUS Loan, if necessary. The application can be completed online at studentloans.gov. When prompted, add IUPUI (sometimes listed as Indiana University Purdue University-Indianapolis or school code G01813) as your school choice. Please note that you are not required to complete this step if you are not interested in the credit-based Federal Direct Graduate PLUS Loan.

Federal Direct Student Loans


Federal Direct Unsubsidized Loan     

Federal Direct Graduate PLUS Loan            

Annual Amount

Up to $20,500 or cost of attendance, whichever is less

(Note: For School of Medicine and Dental DDS students it is up to $40,500 or cost of attendance, whichever is less)

Up to student’s cost of attendance, minus all other aid (which includes fee remits and stipends)

Current Interest Rate

5.31% for the 2016-2017 academic year

6.31% for the 2016-2017 academic year

Current Loan Fees

Origination fee assessed at the time of disbursement

Origination fee assessed at the time of disbursement

Payments

Payments deferred while enrolled at least half-time (4 credit hours). Interest begins accruing at the time the loan disburses. Interest payments are not required while in school but are strongly encouraged.

Payments deferred while enrolled at least half-time (4 credit hours). Interest begins accruing at the time the loan disburses. Interest payments are not required while in school but are strongly encouraged.

Application Process

Awarded automatically to eligible students that have completed their FAFSA. To receive the loan, students must accept the loan offer through One.iu.edu and complete Direct Loan Entrance Counseling session and Master Promissory Note (MPN) at www.studentloans.gov.

Students must complete a FAFSA and apply for the loan at www.studentloans.gov. Students that meet credit requirements will then be awarded the loan. PLUS recipients must complete a Grad PLUS Loan Entrance Counseling session and MPN at www.studentloans.gov.

More Information

Click here for more information on Federal Direct Unsubsidized Loans

Click here for more information on Federal Direct Graduate PLUS Loans



Private Student Loans

Private student loans are available to students from private lending institutions as an option if additional funding is needed to supplement your federal aid. Before you consider borrowing a private student loan, we recommend you inquire about federal student loans (see above), which generally have better terms and lower interest rates.

You should consider a number of factors before applying for a private student loan, such as:

   •   Private student loans usually have higher interest rates and interest accrues while the student
       is in school.

   •   Students must have a good credit history to obtain private student loans. You may need a
       credit worthy co-borrower to receive a private student loan.

   •   The interest rate on your private student loan is typcially variable and dependent upon your
       credit history and, if applicable, your co-borrower’s credit history.

   •   You donít have to begin repaying your federal student loans until after you leave college or
       drop below half-time.

   •   Federal student loans offer flexible repayment plans and options to postpone your loan
       payments if youíre experiencing a financial hardship.

   •   If you work in certain jobs, you may be eligible to have a portion of your federal student loans
       forgiven if you meet certain conditions.

For more information on private student loan options click here.

Federal Health Professions Loans

Federal Health Professions loans are need-based loans that are only offered to Medical and Dental DDS students who file their FAFSA by the priority deadline of March 10. Students interested in this loan must include parental income on the FAFSA, regardless of their age or marital status. No other action is necessary in order to be considered for this loan. The interest rate for this loan is fixed at 5%. This is also a subsidized loan meaning that the loan will not accrue interest while the student is enrolled. After the student graduates or stops attending there will be a 12 month grace period before repayment is required. Note, there is limited funding available for this loan program so the amount and number of students awarded can vary from year to year.

Additional Resources

   •   Federal Student Aid website

   •   IUPUI Graduate Office

   •   IUPUI Office of Student Scholarships

   •   IUPUI Office of the Bursar