Clearly the economy is affecting all of the financial decisions that we make and you may be concerned about how you will pay for college or acquire Indiana college financial aid. Here are some facts that may help you put the financial aid and college financing issues in perspective.

1. More than $60 million in financial assistance was available to University of Indianapolis students, of which about one half was scholarships and grants.

2. More than 80% of UIndy students receive some form of financial aid, including Indiana scholarships and Indiana student grants.

3. Federal, state, and University financial aid funds awarded to UIndy students will continue to be awarded at or above previous year levels.

4. UIndy will continue to award scholarships and grants based on merit and need.

5. Stafford Federal Loan limits were increased by $2,000 this year and are accessible for any and all students who need to borrow. 

6. Federal PLUS Loans will continue to be available for credit-worthy parents up to the full cost of attendance.

7. Families should apply for federal loans first, but supplemental private loans are still available to credit-worthy students or parents if needed.

You must take the first step toward receiving financial aid in Indiana by submitting the Free Application for Federal Student Aid (FAFSA) online no later than March 10, 2009!  The UIndy Financial Aid Application, available from the financial aid office, must be submitted to the University to supplement the FAFSA. Call the financial aid office at 800-232-8634 or (317) 788-3349 if you have questions.