[Last update: December 11, 2025]

5,056 students (76% of total 6,668 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Indiana State University (ISU). The average amount of the aid awarded is $10,730.

For the first-time, full-time beginning students (freshmen), 98% of total 1,558 enrolled students have received any kind of financial aid and its average amount of aid received is $12,383.

All Undergraduate Financial Aid

At Indiana State University, 5,056 undergraduate students (76% of total 6,668 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $10,730.

Financial Aid Statistics (All Undergraduate Students) - ISU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship5,05676% $54,252,954$10,730
Pell Grants2,77142% $14,934,317$5,390
Federal Student Loan1,73326% $20,523,572$11,843

Beginning Undergraduate Students (Freshmen) Financial Aid

1,527 beginning undergraduate students (98% of total 1,558 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Indiana State University. The average amount of aid received is $12,383.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - ISU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid1,52798% --
Grants or Scholarships1,50997%$18,686,425$12,383
Federal Grants80251%$4,614,698$5,754
Pell Grants80251%$4,531,508$5,650
Other Federal Grants19212%$83,190$433
State/Local Grants71646%$5,411,580$7,558
Institutional Grants1,45393%$8,660,147$5,960
Student Loan Aid82453%$4,957,215$6,016
Federal Student Loans81452%$3,942,350$4,843
Other Student Loans835%$1,014,865$12,227

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 at Indiana State University.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level973892$10,981,947$11,287
0-30,000308307$4,858,084$15,773
30,001-48,000186186$2,715,412$14,599
48,001-75,000157153$1,895,834$12,075
75,001-110,000154124$857,256$5,567
110,001 or more168122$655,361$3,901

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