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USI Graduate Student Financial Assistance

Graduate Aid: Federal Assistance University Assistance

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Graduate student financial assistance includes loans, assistantships, and student employment under the Federal Work Study program. For current costs, see USI tuition and fees.

To have financial assistance processed in a timely manner and to be considered for all types of assistance, students file the Free Application for Federal Student Aid (FAFSA) prior to March 10 preceding the academic year for which aid is being requested. The academic year begins in fall and ends in spring. Summer requires a separate Direct Loan request form if students are borrowing.

All required documentation must be submitted to the Student Financial Assistance Office by May 1. Applications and files completed after the deadlines will be processed after all on-time applications.

Forms are available in the USI Student Financial Assistance Office. Write to address below or call 812/464-1767 for more information. On-line forms are also available.

To be considered a full-time graduate student for the purpose of receiving most financial aid requires that the student be enrolled in graduate courses totaling at least eight semester hours during each semester. A load of four semester hours of graduate course work during a semester is the minimum amount for consideration as a half-time graduate student. Summer is considered a semester with the same enrollment requirements as fall and spring.

Students who do not receive financial aid or have not completed all of the necessary requirements to receive financial aid must pay their fees by the bill due date. Failure to do so may result in a hold being placed on registration for future terms.

Most types of aid will appear as a credit against fees on the bill sent prior to the start of classes. Some aid types, such as Work Study, require special procedures and will not appear on the bill. Estimated aid that appears on the bill may be deducted from the total fees. Students should contact the Student Financial Assistance Office if they have questions about these procedures.

Students who receive federal or state student financial aid are required to make satisfactory progress toward completion of their degree program. Progress is measured by the number of credits successfully completed each semester and by the student’s cumulative grade point average. Copies of the current graduate academic progress policy are available in the Student Financial Assistance Office at Graduate Satisfactory Academic Progress.

Students who withdraw from the University or change enrollment status during the fee refund period will be required to restore refunded fees to the financial aid account from which the money originated. The full amount of fee refunds will be used to repay student aid accounts until all student aid is reimbursed.

Students who withdraw from or cease attendance at the University prior to the tenth week in fall or spring may be required to repay a portion of any financial aid which exceeded actual fees and books. Summer session refunds are calculated on the length of individual class schedules. The current refund policy for financial aid recipients is available in the Student Financial Assistance Office.

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Note: Assistance may be reduced or withdrawn for less than full-time enrollment. Only credits that are required for successful completion of the student's degree program may be counted in the determination of enrollment status.  Students who receive aid for courses not required for graduation will be required to repay all or a portion of such aid.

Federal Assistance
University Assistance

"Policies That May Affect Financial Aid"