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How to Calculate your 4-year Program Cost and Loan Debt
Isakson and Roe Act Section 1018
The Office of Student Financial Aid calculates an estimated cost of attendance for one academic year based on information provided on the Free Application for Federal Student Aid (FAFSA).
The estimate includes costs that are billed to the student (tuition and fees, food and housing if living on campus) and indirect costs that are not billed to the student (books and supplies, personal expenses and transportation).
Students can locate your College Financing Plan within your MyISU portal.
4-year Program Costs:
To project an estimate of your 4-year program costs, multiply the net price on your College Financing Plan by 4. *
4-year Loan Debt:
To project 4-year student loan debt, you could multiply your first year on your College Financing Plan debt by 4. *
*Disclaimer: The calculations above assume the student declares a major and graduates from that same major within 8 semesters. Estimates of future costs and aid eligibility are subject to change based on factors that cannot reliably be predicted in advance.
Examples: 2023-2024 Indiana resident, living off campus:
Undergraduate – Full-Time Enrollment
Tuition (12-18 hours): $9,712
Food and Housing: $10,878*
Recreation Center Fee: $200
Health and Wellness: $80
Total Direct Cost: $20,870
Book and Supplies: $1,140
Personal Expenses: $2,000
Transportation: $1,000
Loan Fees: $66
Total Indirect Costs: $4,206
Total Cost of Attendance: $25,076
Graduate – Half-Time Enrollment
Tuition (6 hours): $5,400
Food and Housing: $10,878 *
Recreation Center Fee: $200
Health and Wellness: $80
Total Direct Cost: $16,558
Book and Supplies: $480
Personal Expenses: $2,928
Transportation: $1,000
Loan Fees: $146
Total Indirect Costs: $4,554
Total Cost of Attendance: $21,112
*in the examples, the student is living off campus and will not see this fee on the bill. However, we include food and housing in the cost of attendance so students can budget for their estimated housing expense.
For cost details, please go to: http://oysg.imomoew.com/costs-aid/costs-undergraduate or http://oysg.imomoew.com/costs-aid/tuition-graduate
State Financial Aid Programs:
Students may be eligible for various state aid programs. For information please go to http://www.in.gov/che/state-financial-aid/state-financial-aid-by-program/ or http://oysg.imomoew.com/financial-aid/types.
Federal Financial Aid Programs:
Eligibility for the following federal programs is determined, in part, by the FAFSA.
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant
Federal Direct Loans
Program eligibility and additional information may be found at http://oysg.imomoew.com/financial-aid/types
Tuition/fees and room/board rates are subject to change annually. Please visit our website at http://oysg.imomoew.com/costs-aid for the current cost of attendance and http://oysg.imomoew.com/bursar-operations/lab-fees for additional lab, course, and program fees.
This calculation also assumes your federal, state, institutional and outside aid eligibility remain relatively the same according to your FAFSA and scholarship renewals.
While loan limits increase as students’ progress through college, students are encouraged to borrow wisely. For information on student loans, please go to http://oysg.imomoew.com/financial-aid/types or http://studentaid.gov/.
70% of ISU undergraduate students who:
Borrowed $15,000 - $35,000 to help finance their education. Based on data from: 4-year cohort that graduated in Fall 2020/Spring 2021 |
The above information has been provided as recommended by the Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020.
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