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Independence University and the financial aid process

Regardless of your current financial situation, you may qualify for some type of financial aid. With grants, scholarships,1 state and federal funding, and private loans, financial assistance could help make college affordable.

TYPES OF FINANCIAL AID

When you’re ready to look for financial aid, the professional financial planners at Independence University can help you explore all your options. Possible sources of financial aid include:

FEDERAL

The federal government offers financial aid for many students. If you’re on active duty, a veteran, or a military spouse, you could get additional military benefits.

state

Many states offer scholarships, grants, and need-based assistance for residents. We’ll help you see if you can qualify for financial aid in your state.

INSTITUTIONAL

As a nonprofit university, we invest in our students with grants, scholarships, and affordable tuition payment plans.

private

Many private companies offer loans and grants for students. Let IU help you explore these options.

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FINANCIAL AID GUIDE

You don’t have to be a straight-A student or down to your last dollar to qualify for financial aid. Many grants and scholarships are made for everyday adults, just like you, who want to better their life.

Financial Aid Made Simple

FINANCIAL AID QUESTIONS

HOW DO I APPLY FOR FINANCIAL AID?

Start by filling out the FAFSA (Free Application for Federal Student Aid) to find out how much federal government financial aid you might qualify for. Then talk to one of our financial planners to learn more about your options.


WHAT IS IU's FEDERAL SCHOOL FAFSA CODE?

If you would like Independence University to put together a financial aid plan for you, enter our school code, 003674, on your FAFSA.


WHERE CAN I FIND MORE INFO ABOUT FEDERAL STUDENT AID?

FINANCIAL AID MAKES TUITION MORE AFFORDABLE

In a recent school year, more than half of U.S. undergrads received financial aid in some form from the federal government,2 which awards over $150 billion in grants, loans, and work study every year.

Most prospective students are eligible for aid of some kind. Our friendly financial planners will help you get all the financial aid you qualify for.

FEDERAL FINANCIAL AID OPTIONS

Find out about additional military benefits for veterans, active service members, and military spouses.

Student Aid Program Type of Aid Program Details Annual Max Award Limits
Federal Pell Grant Grant: does not have to be repaid Available almost exclusively to undergraduates with exceptional financial need $6,095 (2018–2019 school year)
Federal Supplemental Educational Opportunity Grant (FSEOG) Grant: does not have to be repaid For undergraduates with exceptional financial need Varies depending on school's allocation
Federal Work Study Earned; does not have to be repaid Available to undergraduate and graduate students with financial need Varies depending on school's funding level
Direct Subsidized Loan Loan: must be repaid U.S. Department of Education pays interest while borrower is in school and during approved grace periods Up to $5,500, depending on grade level and dependency status
Direct Unsubsidized Loan Loan: must be repaid Borrower is responsible for interest during life of the loan Up to $20,500, depending on grade level and dependency status
Federal PLUS Loan Loan: must be repaid Available to parents of dependent undergraduate and graduate students Cost of attendance minus any other financial aid the student receives