Types of Financial Aid
Students who file a Free Application for Federal Student Aid (FAFSA) are automatically considered for most federal and state grants, federal loans, and federal work-study.
As a rule, most aid for a given academic term cannot disburse to a student’s Bursar account more than ten days before the beginning of that term. Aid awarded for a full academic year typically disburses in halves, one half for the fall term and one for the spring term.
If students meet all eligibility requirements, their federal financial assistance will be disbursed through the Office of the Bursar, and credited to the student's account. All current IU East charges are paid first; the student will be paid (“refunded”) any remaining amounts. Disbursement procedures are explained on the inserts included with the bursar bill and in the IU East Schedule of Classes.
The Office of the Bursar will:
- use financial aid to pay other University charges besides fees and housing, which are automatically paid by federal aid.
- pay any outstanding charges from a previous academic period with any funds remaining after current charges are paid from any federal grants and loans that have been credited to the account.
