For many students and families the excitement that comes with that long-awaited acceptance letter is often followed by the hard truth: College is expensive.
Students attending Indiana University and Purdue University pay about $20,000 per year for tuition, housing and books. Students whose families weren’t able to save $80,000 to $100,000 for their college education will have to borrow whatever they don’t have and repay it with interest — unless they can find scholarships.
Students might qualify for and receive scholarships from the colleges and universities they’re applying to based on their grades and other accomplishments in high school. The students who have the best chance at receiving those scholarships are the ones who apply early. Early next year, students also will have the chance to apply for additional scholarships based on their family’s income, college officials said.