2008-2009 Indiana College Guidebook - (Page 5) Tips for Making the Financial Aid Process Easier: • lan early and observe deadlines! It’s never too early to P save for college (but it’s never too late to look into your options, either). Make sure you file the Free Application for Federal Student Aid (FAFSA) by March 10, 2009. After that date, you may be ineligible for aid from the State of Indiana. • Your high school guidance office is a good place to begin the college search. Your guidance counselor may have helpful college guides, viewbooks, bulletins, and other printed information. Ask about computer-based resources such as CD-ROMs and Internet services and check the links listed inside the back cover of this directory. • Check with college financial aid offices. These professionals know the latest changes and opportunities, and they’re happy to answer your questions, no matter which college you eventually attend. • Advanced Placement, International Baccalaureate, Dual Credit and honors programs pay! Independent colleges award a great deal of aid based on academic achievement—and college credit for Advanced Placement or dual credit courses taken in high school can save you thousands of dollars in tuition. • lways file for financial aid, even if you feel you may not A need or qualify for it. Keep your options open by filing the FAFSA by March 10, 2009, and by checking with the financial aid offices of colleges you may wish to attend. Commitment to AffordAbility. Ninety percent of full-time undergraduate students at ICI member institutions receive one or more types of financial aid. State, federal, and institutional financial aid combined—along with the support of special scholarship initiatives—often makes an independent college or university education no more expensive than attending a state university and sometimes even less so. Average tuition rates and financial Aid Amounts Average FEdERAL grant Aid (34% of Ug students) $3,029 Average StAtE grant Aid (38% of Ug students) $5,594 Average INStItUtIONAL grant Aid (89% of Ug students) $9,821 } For a student receiving the average federal, state, and institutional grants combined: 2007-2008 Average ICI tuition* Average Combined grant Aid** Potential Out-of-pocket Expenses** $21,782 – $18,444 $ 3,338 *For comparison purposes, the 2007-08 out-of-state tuition rate is $21,478 for Indiana University (Bloomington) and $23,224 for Purdue University (West Lafayette). Source: State Student Assistance Commission of Indiana 2006-07; IPEdS Student Financial Aid Survey, 2006-07. For more information: www.indianacollegechoices.org 5 http://www.fafsa.ed.gov/ http://www.fafsa.ed.gov/ http://www.indianacollegechoices.org
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