Indiana College Costs Estimator

Aid from the Federal Government

Grants and Scholarships:

Pell Grant

  • Need-based grant given to undergraduates based on student’s EFC

Federal Supplemental Educational Opportunity Grant (SEOG)

  • Need-based grant awarded by the institution. Individual awards do not exceed $4,000 per academic year.   


Perkins Loan

  • Low-interest loan awarded by the institution to students who have demonstrated financial need.

Direct Student Loan (Formerly Stafford Loan)

  • Direct Subsidized Student Loan—loan awarded on the basis of financial need. The government pays the interest while the student is in school more than half time.
  • Direct Unsubsidized Student Loan—loan awarded without regard to financial need. The student is charged interest from the time the loan is disbursed until it is paid in full, including in-school, grace and deferment periods.

PLUS Loan (for parents)

  • Loans available to parents who are credit-worthy. Annual borrowing limit equals student’s cost of attendance minus any other financial aid received.

Jobs/Work Aid:

Federal Work Study

  • A campus-based part-time employment program which provides jobs for students who show financial need.

For more details and information on the programs listed above, visit

Back to Types and Sources of Financial Aid