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UIndy's Federal School Code: 001804
At a Glance

Other Financing Options

UIndy offers alternative financing options such as parent loans and private loans.

If your family's resources plus the financial aid award are insufficient to meet the full cost for the year, consider one or more of the following financing options:

Parent loans

  • Parents of dependent students may qualify for a Federal Direct PLUS loan. Student must have a FAFSA on file.

  • Parents must pass a credit check, and cannot be in default on an education loan or owe a refund on an education grant to qualify.

  • Students whose parents do not qualify for parent loans may borrow up to an additional $4,000 per year for the first and second years and up to $5,000 for the remaining years, from the Federal Direct Unsubsidized Stafford loan. 

  • There is an annual fixed rate for the Federal Direct PLUS loan.

  • Repayment begins 60 days after the loan is fully disbursed; however, borrowers can request a deferment while the student is enrolled at least half time. Keep in mind Interest still accrues.

  • To learn more about the Federal Direct PLUS loan program or to start an application, .

Unsubsidized Federal Direct Stafford Loans

  • Available to students who do not qualify for all or part of the Federal Direct Stafford subsidized loan

  • The subsidized and unsubsidized combination cannot exceed annual loan limits.

  • Dependent students whose parents do not qualify for parent loans may borrow up to an additional $4,000 per year for the first and second years and up to $5,000 for the remaining years.

  • Financial need is not a requirement, but total aid may not exceed the cost of education.

  • Interest accrues on deferred principal payments and interest payments, so payment is strongly encouraged.

Private alternative loans

  • A student who has exhausted all other financial aid options may want to consider applying for an alternative educational loan.

  • Students enrolled at least half time are eligible, and can apply for this type of loan on their own if creditworthy. If not, a creditworthy cosigner will be required.

  • Students can borrow up to cost of attendance minus other aid received.

  • Payments are deferred as long as the student remains enrolled half time, but interest will accrue while in school.

  • To apply click on the following link:  Apply for Private Loans

United Methodist Loan

  • The United Methodist Loan is available to a student who is an active, full member of The United Methodist Church for at least one year prior to application.

  • The annual loan maximum is $5,000 for full-time students; $2,500 for half-time students.

  • A cosigner is required.

  • Repayment begins no later than six months after graduation and there is a ten-year repayment period.

  • Interest accrues on the principal balance from the date the loan check is disbursed until loan is paid in full.

  • There are no prepayment penalties.

  • Applications are available online at

UIndy payment plan options

  • If payment in full is not possible by the payment deadline, UIndy's Accounting Office does offer interest-free payment plans.  For more information, click here.

  • An application and processing fee will be assessed.

Campus employment

  • More than 500 students work on campus in various departments, including the library, administrative offices, and public computing centers.

  • Students work an average of 10 hours per week and many earn minimum wage, although there are opportunities for advancement through internships and advanced positions

  • Job openings are posted on Handshake, which is managed by the Professional Edge Center.

Credit cards

  • VISA, MasterCard, American Express and Discover are accepted by the University for payment of books and institutional charges.

  • As of Oct. 1, 2015, the University will assess a convenience fee of 2.75% for card payments.

  • Payments can be made online by authorized users on the school website at Note: The University will be unable to process card payments in the Accounting Office.