Reviewing and Accepting Your Financial Aid Awards

Finding your financial aid information

Your FAFSA will be reviewed and a financial aid package will be created for you. Your financial aid notification may be mailed to you, or you may get an email telling you your financial aid package is available for review in One.IU by accessing your Student Center Links to an external site. and clicking "View My Financial Aid." You can also access this information from One.IU Links to an external site.by searching for "View/Manage My Financial Aid Information."

Any time your current financial aid is adjusted (increased, decreased, or canceled) or new resources are added, you will receive an email update advising you to log in to One.IU Links to an external site. to review the changes.

If you completed your FAFSA more than three weeks ago, you haven’t received information about what you qualify for, and there’s no aid in your Student Center, contact the Office of Student Financial Services Links to an external site. to check your status. 

How is financial aid determined?

All financial aid is initially estimated because it’s based on the information available at that particular time. Funds are not guaranteed until all eligibility criteria have been reviewed. The amount you are awarded depends on:

• Your FAFSA data
• Your expected total costs for the school year
• Where you plan to live while you're in school (with your parents, on campus or off campus)
• How many credit hours you are taking
• Your degree program

In order to be eligible for most financial aid, including loans, you need to be enrolled at least half-time (6 credit hours per semester). Some awards, such as the State of Indiana Frank O’Bannon Grant and 21st Century Scholarship, require you to be enrolled full time. If you have one of these awards, you'll need to complete 30 credits to get it again, next year, so plan to enroll in at least 15 credits each term. This will also keep you on track to graduate in four years.

Accepting financial aid

If you were offered loans, you must accept (or reduce) them at One.IU by going to your Student Center Links to an external site. and clicking "Accept/Decline Awards." You’ll be offered the most you can get, but you choose how much to take, if any. To minimize your debt, accept only what you really need to cover your costs. To reduce a loan, click "Accept" then enter the amount you need.  

If your financial aid package includes state or federal grants, you don’t need to do anything else to receive them. If you continue to meet the eligibility criteria for those awards, funds will disburse (credit) to your university account. Depending on the campus you will attend and the type of aid offered, you might also need to accept some scholarships or Federal Work-Study if you qualify and want to find a job on campus. Look at each item to see if it needs to be accepted.