Contact the Indiana Law Financial Aid Office
Phone: (812) 855-7746
E-mail: iulawfa [at] indiana [dot] edu
The form used to apply for federal student financial aid is called the Free Application for Federal Student Aid or FAFSA, and is available at www.fafsa.ed.gov. For the 2014-2015 academic year, you will be using your 2013 income and asset information to complete the FAFSA. You should also include IU's school code (001809) so that we have access to your FAFSA data.
Beginning in early February, you may transfer tax information directly to your financial aid application usting the IRS Data Retrieval option within the FAFSA. Selecting this option will streamline and expedite the processing of your financial aid application and could potentially help you avoid having to submit additional documentation to the financial aid office later in the academic year. You may IRS Data Retrieval if you:
You will not be able to use the IRS Data Retrieval option if:
If you file your FAFSA using estimated tax data, you should revisit your FAFSA once you have filed your taxes, and use the IRS Data retrieval option to update your original submission. For additional help in completing the FAFSA, please go to Student Aid on the Web , or call (800) 4-FED-AID (1-800-433-3243). Either way, it’s a good idea to make a copy of the FAFSA for your own records.
You may file the FAFSA any time after January 1, 2014. Each year the ideal time to file the FAFSA is between January 15 and February 15. File by February 15 to ensure that your data is available for all eligible financial assistance for which you may qualify. This also helps you to avoid the rush that occurs closer to the March 10th priority deadline, and ensures that the money will be available when you need it to pay for your education. You may also file after March 10th to receive Federal Direct Loans.
If you are considering the Summer Start Program, please note that in order for you to receive federal financial aid for the summer of 2014, we must have your 2013-2014 FAFSA data. We CANNOT use the 2014-2015 FAFSA data to process summer loans, because summer sessions are tied to the end of the academic year at IU. You will need to either fill out a new application or update a previously filed 2013-2014 FAFSA.
If you filed the 2013-2014 FAFSA as an undergraduate, you will need to update it with Indiana University—Bloomington's school code, which is 001809. This update can be made anytime, but must be done prior to June 30, because the Federal Processor’s system does not allow updates for last year’s data after that time.
In response to filing the 2014-2015 FAFSA, you will receive an e-mail directing you to view your Student Aid Report. This usually takes about two weeks. Be sure to check your personal information to make sure all data is correct. If it is not, please follow the directions provided to make corrections, or contact us with any questions. It also contains your previously borrowed federal loan amounts. Your information will be sent electronically to IU by using the appropriate school code listed below.
The FAFSA collects income and asset information each year to determine your ability to help pay for your education. The income information collected is based on the previous tax year. An Estimated Family Contribution (EFC) is calculated through an analysis called Federal Methodology. If you would like worksheets that show how a student’s EFC is calculated, please contact the Federal Student Aid Information Center at (800) 433-3243. Your EFC will be subtracted from the estimated Cost of Attendance, also called your Student Budget, to determine your financial need. Your need-based financial aid will be based on this figure. Your non-need-based aid can replace your EFC up to the amount of your student budget.