Scholarships and Financial Aid

Money Matters

Applying for Aid

Complete the FAFSA (Free Application for Federal Student Aid) at www.fafsa.gov by the priority deadline of March 10 each year. The results of the FAFSA will determine a student’s eligibility for Financial Aid.

Types of Aid include:  

  • Scholarships are a form of financial assistance that do not require repayment and may be awarded based on merit, financial need, or a combination of both merit and need. Scholarships can come from different sources and have various awarding criteria
  • Grants are a type of gift aid, that is, aid that does not need to be earned (like work-study) or repaid (like loans). Typically, grants are designated for students with low Expected Family Contributions, as determined by the Free Application for Federal Student Aid (FAFSA).
  • Student Loans must be repaid. Students and parents both may borrow loans to help cover college costs. The type and amount of loan for which a student is eligible depends on the student's financial need, class level, and previous borrowing history.
  • Federal Work Study (FWS) enables eligible students to acquire work-study jobs, the wages for which are largely funded by the federal government. FWS recipients find their own jobs, either on campus or in the community. IU Kokomo students may search jobs online at the Career Center web page. 

Money Management

Learn to be smart with your money by visiting MoneySmarts a valuable tool to help you manage your time and money. Plus we offer CashCourse to help you make informed financial choices. Get prepared for whatever life has in store.

Look for scholarships often, our web page has several as well as a link to outside scholarships and other outside sources for aid. Current students who register for fall semester by May 1 will be reviewed for IU Kokomo Foundation Scholarships.

SAP (Satisfactory Academic Progress) includes the federally required minimum standards in order to receive financial aid. IU Kokomo undergraduate students are required to maintain cumulative program GPA of 2.0 and successfully complete 67% of attempted hours.