Indiana University has demonstrated its commitment to transparency, understanding and clarity with financial aid offers by joining the College Cost Transparency Initiative.
All IU campuses (Bloomington, Indianapolis, East, Kokomo, South Bend, Southeast and Northwest) are now displayed as partner institutions on the initiative’s website. Fort Wayne and Columbus are also included as IUPUI regional education centers.
The College Cost Transparency Initiative was launched in September as a way to better meet the needs of students and families so they can make informed decisions about paying for higher education. Schools voluntarily commit to following principles and standards that ensure transparency and clarity regarding financial aid.
This involves using standardized, plain language to explain all aid offers. Also, schools must show a breakdown of the cost of attendance, including:
- In-state and out-of-state tuition and room-and-board costs.
- The type and source of financial aid.
- Student employment information, if offered.
- The semesters and terms of the aid offer.
- Next steps for students to accept aid if it must be accepted.
“IU remains committed to providing students and families with clear, transparent and easy-to-understand information about the costs associated with their college experience,” said Julie Payne-Kirchmeier, vice president for student success. “This is another way IU continues to support our students so they can invest in their futures and achieve the life-changing goal of obtaining a college degree.”
Cost-of-attendance information can be located under admissions on the “student central” web pages for various IU campuses. In addition to providing the breakdown of costs and types of financial aid, tools are provided to calculate estimated costs.
