Financial Aid

Graduate students may be eligible for federal student loans, which offer lower interest rates and more flexible repayment plans than most consumer loans. In addition, students can deduct student loan interest even if they don't itemize deductions on their income tax returns.

Information and instructions for applying for federal student loans are provided below. Please note that students must apply each year. Federal aid is not automatically renewed.


To be eligible for consideration for a federal loan, a graduate student must be:

  1. A U.S. citizen or eligible non-citizen
  2. Admitted into an ISU graduate degree or a first-time teacher certification program; certificate programs are not eligible for financial aid
  3. Enrolled in at least 5 credit hours
  4. Not in default on an educational loan or owe an overpayment on a federal education grant or other federal debt, or the student has made satisfactory arrangements to repay that debt
  5. Maintaining Satisfactory Academic Progress

In addition, the Federal Graduate Plus Loan requires that the student be credit worthy.

Types of Loans

In addition, graduate students may be eligible for private alternative loans.

How To Apply

Applying for a federal student loan starts with completing the FAFSA (Free Application for Federal Student Aid). The Federal School code for Indiana State University is 001807. For instructions (and on-line application) go to

Note:  Students who submitted a FAFSA last year, and are eligible, may choose to have most of the answers prefilled. This significantly reduces the time it takes to complete the application. For instructions, visit reapplying for federal student aid.


The University recommends filing the FAFSA as soon as possible after January 1 (and before March 1) to be considered for all possible funding sources. Applications received after March 10 will be processed; however the types of state assistance available will be limited. For important FAFSA dates, refer to these dates and deadlines.

Important Follow-Up Information

Last updated: 16 August 2016

The Catalog of Indiana State University is the document of authority for all students. The requirements given in the Catalog supersede information issued by any academic department, program, college, or school. The University reserves the right to change the requirements at any time. The right to correct errors is also reserved.

Frequently Asked Questions

Related Links


Office of Student Financial Aid
Tirey Hall 150
220 North 7th Street
Indiana State University
Terre Haute, IN 47809