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Indiana State University · Indiana

Indiana State scholarships and merit aid

Indiana State rewards strong academics and artistic talent with a range of scholarships for incoming students.

Verified Jul 20262 months ago

The short answer

Is Indiana State worth a closer look?

Indiana State is worth checking if your student has strong grades or scores. We found 16 published awards, and 11 are based on those numbers.

Merit tiers1611 based on grades or scores
Research checkedJul 2026By our research team

Published scholarships

These amounts and requirements come from the school’s own published pages. Open an award to see who qualifies and how to keep it.

Where you landAutomatic merit aid by ACT compositeEach bar marks the ACT score range that qualifies for the tier.
Academic Excellence Scholarship$3,000
ACT 27SAT 1270 · GPA 3.8

Not on this ladder: Presidents Academic Excellence Scholarship, Midwest Consortium Scholarship, Presidents Scholarship, 21st Century Scholars Textbook Scholarship, Child Of Alumni Textbook Scholarship, Academic Distinction Scholarship, Center For Leadership Development Scholarship, Indiana Latino Institute Scholarship, Academic Merit Scholarship, Incentive Scholarship, 21st Century Scholars Housing Scholarship, Rural Health Scholarship, Kentucky Student Scholarship, Illinois Student Scholarship, Ohio Student Scholarship — application required, holistic, or scored on a different axis.

View as table
TierACT compositeAward
Academic Excellence Scholarship27$3,000
$4,000

Presidents Academic Excellence Scholarship

Apply separatelyCan continue
GPA
3.8
SAT
1270
ACT
27

Source

Amount not published

Midwest Consortium Scholarship

Based on grades or scoresCan continue

Source

Full tuition

Presidents Scholarship

Apply separatelyCan continue
GPA
3.8
SAT
1270
ACT
27

Source

$500

21st Century Scholars Textbook Scholarship

Based on grades or scoresCan continue
GPA
3

Source

$3,000

Academic Excellence Scholarship

Based on grades or scoresCan continue
GPA
3.8
SAT
1270
ACT
27

Source

$100

Child Of Alumni Textbook Scholarship

Based on grades or scoresCan continue
GPA
3

Source

$2,500

Academic Distinction Scholarship

Based on grades or scoresCan continue
GPA
3.5

Source

Full tuition

Center For Leadership Development Scholarship

Apply separatelyCan continue
GPA
3

Source

Full tuition

Indiana Latino Institute Scholarship

Apply separatelyCan continue
GPA
3.5

Source

$1,000

Academic Merit Scholarship

Based on grades or scoresCan continue
GPA
3.25

Source

$5,000

Incentive Scholarship

Based on grades or scoresCan continue
GPA
3

Source

$1,500

21st Century Scholars Housing Scholarship

Based on grades or scoresCan continue
GPA
3

Source

Full tuition

Rural Health Scholarship

Apply separatelyCan continue
GPA
3.5
SAT
1270
ACT
27

Source

Amount not published

Kentucky Student Scholarship

Based on grades or scoresCan continue

Source

Amount not published

Illinois Student Scholarship

Based on grades or scoresCan continue

Source

Amount not published

Ohio Student Scholarship

Based on grades or scoresCan continue

Source

See costs and school data

Who this school may work for

Students with strong academic records should explore the President's and University Honors scholarships. Those with artistic abilities in music or performing arts have dedicated award opportunities.

Published yearly cost: Approximately $26,820 for 2026-2027. Source

Cost and graduation facts

Federal reporting on who actually enrolls at Indiana State, what they paid after aid, and what happened next — independent of anything the school markets.

Average annual net price by family income at Indiana State, academic year 2021-22 — in-state, Title-IV aid recipients only
Family incomeAverage net price paid
$0–$30,000$6,455
$30,001–$48,000$6,571
$48,001–$75,000$9,317
$75,001–$110,000$15,450
$110,001+$19,345
All income levels (average)$10,873

Sticker price vs. what students actually pay

Published tuition & fees (in-state), AY 2022-23
$10,258
Published tuition & fees (out-of-state), AY 2022-23
$22,322
Average net price paid (all Title-IV aid), AY 2021-22
$10,873

That works out to roughly a 56% discount below the federal AY 2021-22 average cost of attendance of $24,535 (College Scorecard — a separate, federally reported figure, not the published cost of attendance shown above).

Indiana State is a public school; Scorecard's net price figure covers in-state, Title-IV-aid-recipient payers only — there is no comparable federal figure for out-of-state students.

Outcomes for students who enrolled here

Graduation rate (150% of normal time), 2016 cohort
43%
First-year retention rate, 2021 cohort
66%
Median debt at completion, 2020–2021 completers
$24,000 (~$254/mo on a 10-yr plan)
Median earnings, 10 years after entry (measured 2020-21)
$48,387
Share of students receiving a Pell grant, AY 2021-22
51%
Share of students receiving a federal loan, AY 2021-22
52%
See other scholarships and cost examples

Other Indiana State scholarships worth checking

These awards can be harder to find. Each one has its own rules.

Amount$3,000+EligibilitySycamore String Quartet Program Scholarship provides a minimum of $3,000 per year, is limited to string players, and requires at least a 2.5 cumulative GPA.

Source

Amount$9,000EligibilityNetworks Scholarship provides $9,000 per year plus a $3,000 professional development account over four years, is renewable for up to three additional years, and is for students in any business major.

Source

Amount$9,000EligibilityGongaware Scholarship provides $9,000 per year plus a $3,000 professional development account over four years, is renewable for up to three additional years, and is for students planning to major in insurance and risk management.

Source

AmountFull tuitionEligibilityIncoming freshmen may be competitive for Indiana State University's University Honors scholarship, awarded through ISU's Office of Scholarships.

Source

Amount$3,000+EligibilityCreative and Performing Arts Award provides a minimum of $3,000 a year, is renewable for up to three additional years, and requires at least a 2.5 cumulative GPA plus department application and audition, portfolio review, and/or interview.

Source

See sources and other schools

How Indiana State compares

  • 665 of 749 verified schools publish at least one four-year renewable merit award.

    Indiana State is one of them. The cohort minority (84 schools) only awards one-year scholarships, which means the four-year value families assume on a brochure quote isn't guaranteed at every school.

Sources used on this page

Every claim is checked against Indiana State’s own published materials. Below is the full reference set.

Compare with similar schools

Keep exploring Indiana State merit aid